Retirement plan

BARLEY SNYDER SAVINGS PLAN

Name: BARLEY SNYDER LLP - BARLEY SNYDER SAVINGS PLAN (2023) Form 5500
Creator: BARLEY SNYDER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARLEY SNYDER SAVINGS PLAN, BARLEY SNYDER LLP

BARLEY SNYDER LLPEIN 23-1499543Plan #002PY 2023

126 EAST KING STREET - LANCASTER, PA 176022893717-299-5201barley.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$27.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$55.8M

+23.6% from 2022

Total participants

298

+14.6% from 2022

Average account balance

$189,237

+9.0% from 2022

Annual return

23.40%

+38.79 pp from 2022

Benchmarks

See 3,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.42M

Not enough data

1 years with asset history on file

Average account balance

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

$216K

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.

308

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

$3.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$758

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS9+ years Service code 15 · EIN 23-1928421	Recordkeeping	$214,787

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$202K

$779 / participant

Recordkeeping$13K6.4%
Trustee / custodial$1K0.5%
Investment mgmt$171K84.7%
Other / not subdivided$17K8.5%

% of EOY assets

0.361%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US LLP
Auditor EIN: 301413443
Audit fees: $17,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,237

$95,369+98.4%

$135,942+39.2%

$74,440+154.2%

Participation rate

98.8%

78.2%+20.6pp

81.9%+16.9pp

70.7%+28.1pp

Annual return

23.40%

32.72%-9.3pp

68.28%-44.9pp

34.37%-11.0pp

Employer contribution / active EE

$4,090

$3,878+5.5%

$4,858-15.8%

$2,638+55.1%

Participant deferral / active EE

$9,638

$7,788+23.8%

$7,759+24.2%

$4,529+112.8%

Admin fee / account holder

$684

$266+156.8%

$10,764-93.6%

$348+96.6%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS9+ years

Service code 15 · EIN 23-1928421

Recordkeeping

$214,787

BARLEY SNYDER SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARLEY SNYDER SAVINGS 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