Retirement plan

LEE & MASON FINANCIAL SERVICES, INC. 401(K) PLAN

Name: LEE & MASON FINANCIAL SERVICES, INC - LEE & MASON FINANCIAL SERVICES, INC. 401(K) PLAN (2021) Form 5500
Creator: LEE & MASON FINANCIAL SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEE & MASON FINANCIAL SERVICES, INC. 401(K) PLAN, LEE & MASON FINANCIAL SERVICES, INC

LEE & MASON FINANCIAL SERVICES, INCEIN 14-1722170Plan #002PY 2021

P.O. BOX 270 - NORTHVILLE, NY 121340270800-533-9469

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$23.8M

+17.4% from 2020

Total participants

180

+2.3% from 2020

Average account balance

$142,762

+8.9% from 2020

Annual return

12.42%

-0.20 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.90M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

191

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+7.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES4 years Service code 15 · EIN 16-1450952	Recordkeeping	$41,484
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 21 · EIN 82-3967259	Bank Trustee	$7,210
CHARLES SCHWAB & CO., INC.7+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J3D2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$41K

$292 / participant

Other / not subdivided$41K100.0%

% of EOY assets

0.174%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PHILIP BECKETT CPA, P.C.
Auditor EIN: 141767080
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,762

$121,341+17.7%

$189,537-24.7%

$79,391+79.8%

Participation rate

90.8%

86.1%+4.7pp

87.8%+3.0pp

70.7%+20.1pp

Annual return

12.42%

21.08%-8.7pp

555.34%-542.9pp

116.88%-104.5pp

Employer contribution / active EE

$3,826

$3,915-2.3%

$6,161-37.9%

$2,428+57.6%

Participant deferral / active EE

$4,371

$6,395-31.7%

$8,220-46.8%

$4,046+8.0%

Admin fee / account holder

$248

$651-61.9%

$12,048-97.9%

$627-60.4%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES4 years

Service code 15 · EIN 16-1450952

Recordkeeping

$41,484

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 21 · EIN 82-3967259

Bank Trustee

$7,210

CHARLES SCHWAB & CO., INC.7+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

LEE & MASON FINANCIAL SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEE & MASON FINANCIAL SERVICES, INC. 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