Retirement plan

ANCHORS, SMITH, AND GRIMSLEY, P.A. 401(K) PLAN

Name: ANCHORS, SMITH, AND GRIMSLEY, P.A. - ANCHORS, SMITH, AND GRIMSLEY, P.A. 401(K) PLAN (2017) Form 5500
Creator: ANCHORS, SMITH, AND GRIMSLEY, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANCHORS, SMITH, AND GRIMSLEY, P.A. 401(K) PLAN, ANCHORS, SMITH, AND GRIMSLEY, P.A.

ANCHORS, SMITH, AND GRIMSLEY, P.A.EIN 20-3434999Plan #001PY 2017

P.O. BOX 2379 - FORT WALTON BEACH, FL 32549asglegal.comLinkedIn11-50 employeeslaw practice

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.5M

+13.6% from 2016

Total participants

0.0% from 2016

Average account balance

$97,368

+6.0% from 2016

Annual return

11.74%

+6.72 pp from 2016

Benchmarks

See 114,326 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,326 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.84M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+7.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$961

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 codes2E2F2G2J3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$19K

$1200 / participant

Other / not subdivided$19K100.0%

% of EOY assets

1.315%

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

$97,368

$150,445-35.3%

$136,297-28.6%

$147,585-34.0%

Participation rate

62.5%

84.4%-21.9pp

81.9%-19.4pp

82.8%-20.3pp

Annual return

11.74%

1049.14%-1037.4pp

5156.16%-5144.4pp

578.57%-566.8pp

Employer contribution / active EE

$985

$5,256-81.3%

$4,696-79.0%

$4,876-79.8%

Participant deferral / active EE

$1,219

$6,631-81.6%

$6,247-80.5%

$5,439-77.6%

Admin fee / account holder

$1,280

$10,906-88.3%

$9,244-86.1%

$10,885-88.2%

ANCHORS, SMITH, AND GRIMSLEY, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANCHORS, SMITH, AND GRIMSLEY, P.A. 401(K) 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