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 (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.3M

+23.5% from 2016

Total participants

145

+7.4% from 2016

Average account balance

$113,625

+11.7% from 2016

Annual return

21.63%

+11.15 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$62,320
SAGE, RUTTY AND CO., INC.1 year Filed as: SAGE, RUTTY AND CO., INC Service code 27	Advisory (Plan)	$41,635
RIMKUS, MARCIANO & ASSOCIATES, INC.3+ years Service code 13 · EIN 22-2725182	Contract Administrator	$6,324
MENGEL, METZGER, BARR & CO. LLP2 years Filed as: MENGEL METZGER BARR AND CO. Service code 10 100 CHESTNUT STREET · ROCHESTER, NY 14604	Accounting	$0
SAGE, RUTTY AND CO., INC.3+ years Filed as: SAGE RUTTY & COMPANY INC Service code 27 · EIN 16-0620690	Advisory (Plan)	$0

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

$69K

$592 / participant

Investment mgmt$69K100.0%

% of EOY assets

0.479%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MENGEL METZGER BARR & CO. LLP
Auditor EIN: 161092347
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,625

$80,753+40.7%

$136,298-16.6%

$62,293+82.4%

Participation rate

83.6%

73.5%+10.1pp

81.9%+1.7pp

69.5%+14.1pp

Annual return

21.63%

35.83%-14.2pp

5156.27%-5134.6pp

28.90%-7.3pp

Employer contribution / active EE

$1,379

$2,884-52.2%

$4,696-70.6%

$2,042-32.5%

Participant deferral / active EE

$6,389

$5,164+23.7%

$6,247+2.3%

$3,169+101.6%

Admin fee / account holder

$545

$525+3.7%

$9,244-94.1%

$479+13.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$62,320

SAGE, RUTTY AND CO., INC.1 year

Filed as: SAGE, RUTTY AND CO., INC

Service code 27

Advisory (Plan)

$41,635

RIMKUS, MARCIANO & ASSOCIATES, INC.3+ years

Service code 13 · EIN 22-2725182

Contract Administrator

$6,324

MENGEL, METZGER, BARR & CO. LLP2 years

Filed as: MENGEL METZGER BARR AND CO.

Service code 10

100 CHESTNUT STREET · ROCHESTER, NY 14604

Accounting

SAGE, RUTTY AND CO., INC.3+ years

Filed as: SAGE RUTTY & COMPANY INC

Service code 27 · EIN 16-0620690

Advisory (Plan)

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