Retirement plan

BARLEY SNYDER PROFIT SHARING PLAN

Name: BARLEY SNYDER LLP - BARLEY SNYDER PROFIT SHARING PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#002Retirement-$52.4M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$30.9M

+7.3% from 2020

Total participants

177

+4.7% from 2020

Average account balance

$174,731

+2.5% from 2020

Annual return

12.20%

-2.06 pp from 2020

Benchmarks

See 5,718 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,718 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.73M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

230

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

$1.75M

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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 24 by compensation

Provider	Service type	Compensation
BB&T6+ years Filed as: BB&T INSTIT INVEST ADVISOR INC Service code 27 · EIN 57-0956597	Advisory (Plan)	$16,823
BAKER TILLY US, LLP1 year Service code 10 · EIN 39-0859910	Accounting	$14,910
CHARLES SCHWAB & CO., INC.7+ years Service code 19 · EIN 94-1737782	Securities Custodian	$12,711
SAGEPOINT FINANCIAL INC1 year Filed as: RESOURCE INVESTMENT ADVISORS Service code 27 · EIN 43-1451524	Advisory (Plan)	$9,169
CONRAD SIEGEL4 years Service code 15 · EIN 23-1669823	Recordkeeping	$8,119
BLACKROCK7+ years Filed as: BLACKROCK ADVISORS LLC Service code 28 · EIN 51-0318674	Investment Management	$0
AMERICAN FUNDS4 years Filed as: CAPITAL RESEARCH AND COMPANY Service code 28 · EIN 95-1411037	Investment Management	$0
AMERICAN FUNDS7+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 28	Investment Management	$0
DIMENSIONAL FUND ADVISORS5 years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0
DODGE & COX7+ years Service code 28 · EIN 94-1441976	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

$62K

$379 / participant

Investment mgmt$26K42.1%
Other / not subdivided$36K57.9%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

1 / 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: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$174,731

$104,482+67.2%

$159,455+9.6%

$79,393+120.1%

Participation rate

100.0%

76.6%+23.4pp

82.8%+17.2pp

70.7%+29.3pp

Annual return

12.20%

67.96%-55.8pp

263.63%-251.4pp

116.87%-104.7pp

Employer contribution / active EE

$7,459

$3,416+118.3%

$4,830+54.4%

$2,428+207.2%

Participant deferral / active EE

$6,467-100.0%

$7,353-100.0%

$4,046-100.0%

Admin fee / account holder

$349

$711-50.9%

$10,800-96.8%

$627-44.3%

Provider

Service type

Compensation

BB&T6+ years

Filed as: BB&T INSTIT INVEST ADVISOR INC

Service code 27 · EIN 57-0956597

Advisory (Plan)

$16,823

BAKER TILLY US, LLP1 year

Service code 10 · EIN 39-0859910

Accounting

$14,910

CHARLES SCHWAB & CO., INC.7+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$12,711

SAGEPOINT FINANCIAL INC1 year

Filed as: RESOURCE INVESTMENT ADVISORS

Service code 27 · EIN 43-1451524

Advisory (Plan)

$9,169

CONRAD SIEGEL4 years

Service code 15 · EIN 23-1669823

Recordkeeping

$8,119

BLACKROCK7+ years

Filed as: BLACKROCK ADVISORS LLC

Service code 28 · EIN 51-0318674

Investment Management

AMERICAN FUNDS4 years

Filed as: CAPITAL RESEARCH AND COMPANY

Service code 28 · EIN 95-1411037

Investment Management

AMERICAN FUNDS7+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 28

Investment Management

DIMENSIONAL FUND ADVISORS5 years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

Investment Management

DODGE & COX7+ years

Service code 28 · EIN 94-1441976

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