Retirement plan

MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C. PROFIT SHARING PLAN

Name: MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C. - MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C. PROFIT SHARING PLAN (2023) Form 5500
Creator: MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C. PROFIT SHARING PLAN, MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C.

MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C.EIN 14-1756892Plan #001PY 2023

2 EXECUTIVE PARK DRIVE - CLIFTON PARK, NY 12065518-280-6750LinkedIn1-10 employeesaccounting

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$4.3M

+20.6% from 2022

Total participants

+33.3% from 2022

Average account balance

$1,069,707

-9.6% from 2022

Annual return

15.62%

+30.40 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.99M

Not enough data

1 years with asset history on file

Average account balance

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

$1.2M

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$58K

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

+12.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4794

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 codes2E2H2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$16K

$4032 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.377%

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

$1,069,707

$148,582+619.9%

$135,942+686.9%

$139,456+667.1%

Participation rate

100.0%

83.9%+16.1pp

81.9%+18.1pp

80.3%+19.7pp

Annual return

15.62%

79.26%-63.6pp

68.28%-52.7pp

373.45%-357.8pp

Employer contribution / active EE

$25,375

$5,245+383.8%

$4,858+422.4%

$4,753+433.9%

Participant deferral / active EE

$18,667

$8,101+130.4%

$7,759+140.6%

$6,711+178.1%

Admin fee / account holder

$4,032

$12,402-67.5%

$10,764-62.5%

$11,407-64.7%

MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARCHESE & ESPEY CERTIFIED PUBLIC ACCOUNTANTS, P.C. PROFIT SHARING 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