Retirement plan

POST & SCHELL, P.C. PROFIT SHARING PLAN

Name: POST & SCHELL, P.C. - POST & SCHELL, P.C. PROFIT SHARING PLAN (2021) Form 5500
Creator: POST & SCHELL, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POST & SCHELL, P.C. PROFIT SHARING PLAN, POST & SCHELL, P.C.

POST & SCHELL, P.C.EIN 23-1877133Plan #002PY 2021

1600 JFK BLVD. - 13TH FLOOR - PHILADELPHIA, PA 191037421215-587-1000postschell.comLinkedIn201-500 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$164.3M

+11.3% from 2020

Total participants

441

+10.8% from 2020

Average account balance

$398,753

+4.8% from 2020

Annual return

12.52%

-2.96 pp from 2020

Benchmarks

See 2,992 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,992 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$175.70M

Not enough data

1 years with asset history on file

Average account balance

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

$479K

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.

367

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.

80.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$678

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
LAMCO ADVISORY SERVICES7+ years Service code 27 · EIN 05-0462357 1525 INTERNATIONAL PARKWAY · LAKE MARY, FL 32746	Advisory (Plan)	$0
MAGIS FINANCIAL PARTNERS4 years Service code 16 · EIN 23-6838795 800 ENTERPRISE ROAD · HORSHAM, PA 19044	Consulting	$0
EPIC RETIREMENT PLAN SERVICES7+ years Filed as: UNITED RETIREMENT PLAN CONSULTANTS Service code 16 · EIN 22-2611091 545 METRO PLACE SOUTH · DUBLIN, OH 43017	Consulting	$0
THE VANGUARD GROUP, INC.7+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930 100 VANGUARD BLVD. · MALVERN, PA 19355	Recordkeeping	$0
VF INVESTMENT SERVICE GROUP7+ years Service code 26 · EIN 22-2611091 P.O. BOX 948 · VALLEY FORGE, PA 19355	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$233K

$902 / participant

Contract admin$233K100.0%

% of EOY assets

0.142%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$398,753

$104,317+282.2%

$159,436+150.1%

$86,799+359.4%

Participation rate

88.8%

77.7%+11.1pp

82.8%+5.9pp

72.3%+16.5pp

Annual return

12.52%

26.32%-13.8pp

263.57%-251.1pp

97.91%-85.4pp

Employer contribution / active EE

$10,848

$3,451+214.4%

$4,829+124.6%

$2,405+351.0%

Participant deferral / active EE

$10,037

$6,837+46.8%

$7,352+36.5%

$4,131+143.0%

Admin fee / account holder

$565

$172+228.0%

$10,799-94.8%

$170+233.2%

Provider

Service type

Compensation

LAMCO ADVISORY SERVICES7+ years

Service code 27 · EIN 05-0462357

1525 INTERNATIONAL PARKWAY · LAKE MARY, FL 32746

Advisory (Plan)

MAGIS FINANCIAL PARTNERS4 years

Service code 16 · EIN 23-6838795

800 ENTERPRISE ROAD · HORSHAM, PA 19044

Consulting

EPIC RETIREMENT PLAN SERVICES7+ years

Filed as: UNITED RETIREMENT PLAN CONSULTANTS

Service code 16 · EIN 22-2611091

545 METRO PLACE SOUTH · DUBLIN, OH 43017

Consulting

THE VANGUARD GROUP, INC.7+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

100 VANGUARD BLVD. · MALVERN, PA 19355

Recordkeeping

VF INVESTMENT SERVICE GROUP7+ years

Service code 26 · EIN 22-2611091

P.O. BOX 948 · VALLEY FORGE, PA 19355

Advisory (Participants)

POST & SCHELL, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POST & SCHELL, P.C. 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