Retirement plan

JIMCO PAINTING & PAPERING 401K PROFIT SHARING PLAN

Name: JAMES CONDE D/B/A JIMCO PAINTING - JIMCO PAINTING & PAPERING 401K PROFIT SHARING PLAN (2021) Form 5500
Creator: JAMES CONDE D/B/A JIMCO PAINTING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JIMCO PAINTING & PAPERING 401K PROFIT SHARING PLAN, JAMES CONDE D/B/A JIMCO PAINTING

JAMES CONDE D/B/A JIMCO PAINTINGEIN 22-2974274Plan #001PY 2021

14 CLIFFVIEW LANE - VOORHEESVILLE, NY 12186518-368-2932

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+21.3% from 2020

Total participants

+31.3% from 2020

Average account balance

$64,056

+6.1% from 2020

Annual return

16.35%

-0.67 pp from 2020

Benchmarks

See 44,711 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort44,711 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.68M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

106.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95K

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

+17.42%

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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 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).

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

$64,056

$124,314-48.5%

$109,163-41.3%

$167,518-61.8%

Participation rate

68.8%

79.4%-10.7pp

75.9%-7.1pp

82.1%-13.4pp

Annual return

16.35%

26.04%-9.7pp

25.75%-9.4pp

478.71%-462.4pp

Employer contribution / active EE

$4,209-100.0%

$3,723-100.0%

$4,838-100.0%

Participant deferral / active EE

$2,591

$5,256-50.7%

$4,654-44.3%

$6,342-59.1%

Admin fee / account holder

$7,973-100.0%

$6,754-100.0%

$12,312-100.0%

JIMCO PAINTING & PAPERING 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

JIMCO PAINTING & PAPERING 401K 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