Retirement plan

LOUIS TUMOLO, JR., D.V.M., P.C. 401(K) PLAN

Name: LOUIS TUMOLO, JR., D.V.M., P.C. - LOUIS TUMOLO, JR., D.V.M., P.C. 401(K) PLAN (2024) Form 5500
Creator: LOUIS TUMOLO, JR., D.V.M., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOUIS TUMOLO, JR., D.V.M., P.C. 401(K) PLAN, LOUIS TUMOLO, JR., D.V.M., P.C.

LOUIS TUMOLO, JR., D.V.M., P.C.EIN 14-1593487Plan #001PY 2024

6450 MONTGOMERY STREET - RHINEBECK, NY 12572845-876-6008

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

+29.1% from 2023

Total participants

-2.4% from 2023

Average account balance

$45,492

+46.5% from 2023

Annual return

15.96%

-4.12 pp from 2023

Benchmarks

See 28,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,844 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.68M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$45K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

87.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$236K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.96%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1754

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J2T3D

Plan features

2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$65K

$1966 / participant

Other / not subdivided$65K100.0%

% of EOY assets

3.855%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,492

$102,422-55.6%

$147,117-69.1%

$80,959-43.8%

Participation rate

87.9%

75.9%+12.0pp

82.2%+5.7pp

67.7%+20.2pp

Annual return

15.96%

135.16%-119.2pp

420.54%-404.6pp

35.67%-19.7pp

Employer contribution / active EE

$2,457

$3,717-33.9%

$4,932-50.2%

$2,757-10.9%

Participant deferral / active EE

$4,691

$6,652-29.5%

$8,065-41.8%

$4,300+9.1%

Admin fee / account holder

$1,754

$7,953-77.9%

$12,993-86.5%

$6,925-74.7%

LOUIS TUMOLO, JR., D.V.M., P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOUIS TUMOLO, JR., D.V.M., P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion