Retirement plan

DOPKINS & COMPANY PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Name: DOPKINS & COMPANY, LLP - DOPKINS & COMPANY PROFIT SHARING AND EMPLOYEE SAVINGS PLAN (2023) Form 5500
Creator: DOPKINS & COMPANY, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOPKINS & COMPANY PROFIT SHARING AND EMPLOYEE SAVINGS PLAN, DOPKINS & COMPANY, LLP

DOPKINS & COMPANY, LLPEIN 16-0929175Plan #001PY 2023

200 INTERNATIONAL DRIVE - BUFFALO, NY 14221716-634-8800dopkins.comLinkedIn51-200 employeesaccounting

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$28.3M

+15.2% from 2022

Total participants

137

-2.8% from 2022

Average account balance

$222,915

+18.9% from 2022

Annual return

14.90%

+21.29 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.34M

Not enough data

1 years with asset history on file

Average account balance

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

$237K

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.

124

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$988K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$454

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.8 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Participant...	$31,246
CHARLES SCHWAB & CO., INC.9+ years Filed as: CHARLES SCHWAB BANK Service code 12 · EIN 42-1558009	Claims processing; Account maintenanc...	$18,488

Plan features & details

Pension benefit codes2E2F2G2J2K3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$50K

$607 / participant

Recordkeeping$2K3.5%
Investment mgmt$18K37.2%
Contract admin$30K59.4%

% of EOY assets

0.176%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: INSERO & CO. CPAS, LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$222,915

$93,598+138.2%

$135,974+63.9%

$75,173+196.5%

Participation rate

87.8%

75.2%+12.6pp

81.9%+5.9pp

67.2%+20.6pp

Annual return

14.90%

30.89%-16.0pp

68.30%-53.4pp

160.72%-145.8pp

Employer contribution / active EE

$1,830

$3,538-48.3%

$4,859-62.3%

$2,671-31.5%

Participant deferral / active EE

$10,925

$6,405+70.6%

$7,760+40.8%

$4,126+164.8%

Admin fee / account holder

$392

$6,978-94.4%

$10,767-96.4%

$5,651-93.1%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Participant...

$31,246

CHARLES SCHWAB & CO., INC.9+ years

Filed as: CHARLES SCHWAB BANK

Service code 12 · EIN 42-1558009

Claims processing; Account maintenanc...

$18,488

DOPKINS & COMPANY PROFIT SHARING AND EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOPKINS & COMPANY PROFIT SHARING AND EMPLOYEE SAVINGS 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