Retirement plan

NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C. PROFIT SHARING & 401(K) PLAN

Name: NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C. - NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C. PROFIT SHARING & 401(K) PLAN (2020) Form 5500
Creator: NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C. PROFIT SHARING & 401(K) PLAN, NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C.

NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C.EIN 23-1919147Plan #001PY 2020

712 MONROE ST - STROUDSBURG, PA 183602131570-421-9090

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$12.9M

+14.1% from 2019

Total participants

-2.9% from 2019

Average account balance

$415,442

+17.7% from 2019

Annual return

12.36%

-8.14 pp from 2019

Benchmarks

See 120,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,756 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.31M

Not enough data

1 years with asset history on file

Average account balance

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

$510K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8505

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 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$15K

$674 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.115%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$415,442

$165,381+151.2%

$149,730+177.5%

$158,966+161.3%

Participation rate

86.4%

84.6%+1.8pp

82.5%+3.9pp

82.0%+4.4pp

Annual return

12.36%

348.29%-335.9pp

276.70%-264.3pp

302.95%-290.6pp

Employer contribution / active EE

$4,545

$5,104-10.9%

$4,645-2.1%

$4,762-4.6%

Participant deferral / active EE

$4,521

$7,182-37.1%

$6,843-33.9%

$5,983-24.4%

Admin fee / account holder

$479

$10,809-95.6%

$9,310-94.9%

$11,250-95.7%

NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWMAN WILLIAMS MISHKIN CORVELEYN WOLFE & FARERI, P.C. PROFIT SHARING & 401(K) 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