Retirement plan

BARLEY SNYDER PROFIT SHARING PLAN

Name: BARLEY SNYDER LLP - BARLEY SNYDER PROFIT SHARING PLAN (2019) Form 5500
Creator: BARLEY SNYDER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARLEY SNYDER PROFIT SHARING PLAN, BARLEY SNYDER LLP

BARLEY SNYDER LLPEIN 23-1499543Plan #003PY 2019

126 EAST KING STREET - LANCASTER, PA 17602717-299-5201barley.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$35.9M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$24.3M

+21.6% from 2018

Total participants

146

+2.8% from 2018

Average account balance

$166,347

+18.2% from 2018

Annual return

19.87%

-26.40 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.17M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

232

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.77M

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

+16.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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 10 of 25 by compensation

Provider	Service type	Compensation
BB&T4 years Filed as: BB&T INSTIT INVEST ADVISOR INC Service code 27 · EIN 57-0956597	Advisory (Plan)	$29,460
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782	Securities Custodian	$9,009
CONRAD SIEGEL2 years Service code 15 · EIN 23-1669823 PO BOX 5900 · HARRISBURG, PA 171100900	Recordkeeping	$7,298
BLACKROCK5+ years Filed as: BLACKROCK ADVISORS LLC Service code 28 · EIN 51-0318674	Investment Management	$0
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND COMPANY Service code 28 · EIN 95-1411037	Investment Management	$0
AMERICAN FUNDS5+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 28	Investment Management	$0
DIMENSIONAL FUND ADVISORS3 years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0
DODGE & COX5+ years Service code 28 · EIN 94-1441976	Investment Management	$0
FEDERATED1 year Filed as: FEDERATED HERMES Service code 28 · EIN 25-1111467	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY & RESEARCH COMPANY Service code 28 · EIN 06-1194217	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2T3B3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$44K

$326 / participant

Investment mgmt$28K63.2%
Contract admin$16K36.8%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,347

$89,652+85.5%

$141,197+17.8%

$65,186+155.2%

Participation rate

100.0%

74.7%+25.3pp

82.5%+17.5pp

70.2%+29.8pp

Annual return

19.87%

32.79%-12.9pp

71.41%-51.5pp

29.39%-9.5pp

Employer contribution / active EE

$7,042

$3,065+129.8%

$4,736+48.7%

$2,177+223.5%

Participant deferral / active EE

$5,691-100.0%

$6,710-100.0%

$3,514-100.0%

Admin fee / account holder

$304

$569-46.6%

$10,265-97.0%

$847-64.1%

Provider

Service type

Compensation

BB&T4 years

Filed as: BB&T INSTIT INVEST ADVISOR INC

Service code 27 · EIN 57-0956597

Advisory (Plan)

$29,460

CHARLES SCHWAB & CO., INC.5+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$9,009

CONRAD SIEGEL2 years

Service code 15 · EIN 23-1669823

PO BOX 5900 · HARRISBURG, PA 171100900

Recordkeeping

$7,298

BLACKROCK5+ years

Filed as: BLACKROCK ADVISORS LLC

Service code 28 · EIN 51-0318674

Investment Management

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND COMPANY

Service code 28 · EIN 95-1411037

Investment Management

AMERICAN FUNDS5+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 28

Investment Management

DIMENSIONAL FUND ADVISORS3 years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

Investment Management

DODGE & COX5+ years

Service code 28 · EIN 94-1441976

Investment Management

FEDERATED1 year

Filed as: FEDERATED HERMES

Service code 28 · EIN 25-1111467

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28 · EIN 06-1194217

Investment Management

BARLEY SNYDER PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARLEY SNYDER 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