Retirement plan

SPEAR WILDERMAN, PC 401(K) UNION PROFIT SHARING PLAN

Name: SPEAR WILDERMAN, P.C. - SPEAR WILDERMAN, PC 401(K) UNION PROFIT SHARING PLAN (2023) Form 5500
Creator: SPEAR WILDERMAN, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPEAR WILDERMAN, PC 401(K) UNION PROFIT SHARING PLAN, SPEAR WILDERMAN, P.C.

SPEAR WILDERMAN, P.C.EIN 23-2749511Plan #002PY 2023

230 S. BROAD STREET, SUITE 1400 - PHILADELPHIA, PA 19102215-732-0101

Other plans on this EIN

1 filing

#001Retirement-$9.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+25.6% from 2022

Total participants

-5.0% from 2022

Average account balance

$112,872

+39.5% from 2022

Annual return

22.13%

+8.28 pp from 2022

Benchmarks

See 139,766 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,766 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.06M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

118.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6553

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 codes2E3D2G2J2F2T

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

$15K

$1047 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.722%

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

$112,872

$148,623-24.1%

$135,974-17.0%

$139,466-19.1%

Participation rate

92.9%

83.9%+9.0pp

81.9%+10.9pp

80.3%+12.5pp

Annual return

22.13%

79.30%-57.2pp

68.30%-46.2pp

373.66%-351.5pp

Employer contribution / active EE

$1,971

$5,246-62.4%

$4,859-59.4%

$4,754-58.5%

Participant deferral / active EE

$2,526

$8,103-68.8%

$7,760-67.4%

$6,712-62.4%

Admin fee / account holder

$815

$12,406-93.4%

$10,767-92.4%

$11,409-92.9%

SPEAR WILDERMAN, PC 401(K) UNION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPEAR WILDERMAN, PC 401(K) UNION 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