Retirement plan

JEFFREY J. KARVANDI, PLLC 401(K) SAFE HARBOR PROFIT SHARING PLAN

Name: JEFFREY J. KARVANDI, PLLC - JEFFREY J. KARVANDI, PLLC 401(K) SAFE HARBOR PROFIT SHARING PLAN (2020) Form 5500
Creator: JEFFREY J. KARVANDI, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEFFREY J. KARVANDI, PLLC 401(K) SAFE HARBOR PROFIT SHARING PLAN, JEFFREY J. KARVANDI, PLLC

JEFFREY J. KARVANDI, PLLCEIN 20-8069166Plan #001PY 2020

705 W SUSSEX - MISSOULA, MT 59801406-728-4032

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$503K

+43.7% from 2019

Total participants

-14.3% from 2019

Average account balance

$167,672

+91.6% from 2019

Annual return

28.50%

-1.53 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.35M

Not enough data

1 years with asset history on file

Average account balance

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

$225K

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.

66.7%

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

$8K

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

+29.94%

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$870

$145 / participant

Other / not subdivided$870100.0%

% of EOY assets

0.173%

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

$167,672

$209,422-19.9%

$178,503-6.1%

$158,982+5.5%

Participation rate

50.0%

86.4%-36.4pp

81.9%-31.9pp

82.0%-32.0pp

Annual return

28.50%

188.81%-160.3pp

151.12%-122.6pp

302.99%-274.5pp

Employer contribution / active EE

$2,270

$5,707-60.2%

$5,011-54.7%

$4,763-52.3%

Participant deferral / active EE

$6,736

$5,955+13.1%

$5,202+29.5%

$5,983+12.6%

Admin fee / account holder

$290

$17,079-98.3%

$13,987-97.9%

$11,252-97.4%

JEFFREY J. KARVANDI, PLLC 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEFFREY J. KARVANDI, PLLC 401(K) SAFE HARBOR 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