Retirement plan

FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C. 401(K) PROFIT SHARING PLAN

Name: FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C. - FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C. 401(K) PROFIT SHARING PLAN, FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C.

FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C.EIN 16-1373998Plan #001PY 2024

180 CHARLOTTE STREET - ROCHESTER, NY 14607585-334-1310LinkedIn51-200 employeesveterinary

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.5M

+7.4% from 2023

Total participants

224

+3.7% from 2023

Average account balance

$110,026

+2.6% from 2023

Annual return

14.00%

-9.16 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.54M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

223

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.98M

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

+14.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$320

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
PRINCIPAL LIFE INSURANCE COMPANY9 years Service code 13 · EIN 42-0127290	Contract Administrator	$53,985
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE TRUST COMPANY Service code 13 · EIN 52-1309931	Contract Administrator	$14,557
RIMKUS, MARCIANO & ASSOCIATES, INC.3 years Filed as: RIMKUS MARCIANO & ASSOCIATES INC Service code 13 · EIN 22-2725182	Contract Administrator	$9,355

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$71K

$405 / participant

Contract admin$71K100.0%

% of EOY assets

0.291%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FREED MAXICK, P.C.
Auditor EIN: 454051133
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,026

$101,672+8.2%

$147,117-25.2%

$74,478+47.7%

Participation rate

99.4%

75.5%+23.9pp

82.2%+17.2pp

67.2%+32.2pp

Annual return

14.00%

8757.83%-8743.8pp

420.54%-406.5pp

1370.56%-1356.6pp

Employer contribution / active EE

$2,218

$3,813-41.8%

$4,932-55.0%

$2,626-15.5%

Participant deferral / active EE

$9,040

$7,305+23.8%

$8,065+12.1%

$4,350+107.8%

Admin fee / account holder

$320

$1,753-81.8%

$12,993-97.5%

$1,946-83.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9 years

Service code 13 · EIN 42-0127290

Contract Administrator

$53,985

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE TRUST COMPANY

Service code 13 · EIN 52-1309931

Contract Administrator

$14,557

RIMKUS, MARCIANO & ASSOCIATES, INC.3 years

Filed as: RIMKUS MARCIANO & ASSOCIATES INC

Service code 13 · EIN 22-2725182

Contract Administrator

$9,355

FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISHER ASSOCIATES, P.E., L.S., L.A., D.P.C. 401(K) 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