Retirement plan

DANIEL K. HAGOOD, P.C. 401(K) PROFIT SHARING PLAN

Name: DANIEL K. HAGOOD, P.C. - DANIEL K. HAGOOD, P.C. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: DANIEL K. HAGOOD, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANIEL K. HAGOOD, P.C. 401(K) PROFIT SHARING PLAN, DANIEL K. HAGOOD, P.C.

DANIEL K. HAGOOD, P.C.EIN 20-1600190Plan #001PY 2020

2515 MCKINNEY AVE, SUITE 940 - DALLAS, TX 75201214-720-4040danielkhagoodpc.comLinkedIn1-10 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$1.3M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$1.1M

+6.8% from 2019

Total participants

+50.0% from 2019

Average account balance

$368,943

-28.8% from 2019

Annual return

1.94%

-9.68 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.53M

Not enough data

1 years with asset history on file

Average account balance

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

$382K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$107K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2517

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$758

$253 / participant

Other / not subdivided$758100.0%

% of EOY assets

0.068%

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

$368,943

$165,399+123.1%

$149,745+146.4%

$158,982+132.1%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

1.94%

348.34%-346.4pp

276.72%-274.8pp

302.99%-301.1pp

Employer contribution / active EE

$8,273

$5,105+62.1%

$4,646+78.1%

$4,763+73.7%

Participant deferral / active EE

$8,667

$7,183+20.7%

$6,843+26.6%

$5,983+44.8%

Admin fee / account holder

$253

$10,811-97.7%

$9,312-97.3%

$11,252-97.8%

DANIEL K. HAGOOD, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANIEL K. HAGOOD, 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