Retirement plan

ABBOTT & ABBOTT, PC 401(K) PROFIT SHARING PLAN

Name: ABBOTT & ABBOTT, PC - ABBOTT & ABBOTT, PC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: ABBOTT & ABBOTT, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABBOTT & ABBOTT, PC 401(K) PROFIT SHARING PLAN, ABBOTT & ABBOTT, PC

ABBOTT & ABBOTT, PCEIN 20-4374085Plan #001PY 2021

242 LAWRENCE STREET, NE - MARIETTA, GA 30060678-493-1987

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$471K

+16.8% from 2020

Total participants

+40.0% from 2020

Average account balance

$78,511

-2.7% from 2020

Annual return

11.83%

-10.25 pp from 2020

Benchmarks

See 126,087 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,087 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$591K

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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

$78,511

$176,120-55.4%

$159,487-50.8%

$167,553-53.1%

Participation rate

80.0%

85.0%-5.0pp

82.8%-2.8pp

82.1%-2.1pp

Annual return

11.83%

331.95%-320.1pp

263.71%-251.9pp

478.89%-467.1pp

Employer contribution / active EE

$1,419

$5,299-73.2%

$4,831-70.6%

$4,840-70.7%

Participant deferral / active EE

$2,555

$7,752-67.0%

$7,354-65.3%

$6,343-59.7%

Admin fee / account holder

$12,561-100.0%

$10,804-100.0%

$12,316-100.0%

ABBOTT & ABBOTT, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ABBOTT & ABBOTT, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion