Retirement plan

EMPLOYEE BENEFIT PLAN OF CARMINA WOOD MORRIS, ARCHITECTURE AND ENGINEERING, D.P.C.

Name: CARMINA WOOD MORRIS, ARCHITECT - EMPLOYEE BENEFIT PLAN OF CARMINA WOOD MORRIS, ARCHITECTURE AND ENGINEERING, D.P.C. (2022) Form 5500
Creator: CARMINA WOOD MORRIS, ARCHITECT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF CARMINA WOOD MORRIS, ARCHITECTURE AND ENGINEERING, D.P.C., CARMINA WOOD MORRIS, ARCHITECT

CARMINA WOOD MORRIS, ARCHITECTEIN 16-1599259Plan #001PY 2022

487 MAIN ST - BUFFALO, NY 142031732716-842-3165

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.2M

-10.5% from 2021

Total participants

+25.0% from 2021

Average account balance

$110,352

-8.1% from 2021

Annual return

-18.89%

-1249.62 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.48M

Not enough data

1 years with asset history on file

Average account balance

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

$180K

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$663K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5304

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 codes2F2G2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$32K

$754 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.755%

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

$110,352

$82,674+33.5%

$125,381-12.0%

$68,486+61.1%

Participation rate

71.4%

75.1%-3.6pp

82.4%-11.0pp

67.9%+3.5pp

Annual return

-18.89%

-5.97%-12.9pp

572.31%-591.2pp

-7.85%-11.0pp

Employer contribution / active EE

$2,722

$3,382-19.5%

$4,815-43.5%

$2,597+4.8%

Participant deferral / active EE

$7,383

$6,111+20.8%

$7,448-0.9%

$4,028+83.3%

Admin fee / account holder

$833

$6,277-86.7%

$10,007-91.7%

$5,404-84.6%

EMPLOYEE BENEFIT PLAN OF CARMINA WOOD MORRIS, ARCHITECTURE AND ENGINEERING, D.P.C.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF CARMINA WOOD MORRIS, ARCHITECTURE AND ENGINEERING, D.P.C.

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