Retirement plan

METZGER, WICKERSHAM, KNAUSS & ERB, P.C.

Name: METZGER, WICKERSHAM, KNAUSS - METZGER, WICKERSHAM, KNAUSS & ERB, P.C. (2020) Form 5500
Creator: METZGER, WICKERSHAM, KNAUSS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METZGER, WICKERSHAM, KNAUSS & ERB, P.C., METZGER, WICKERSHAM, KNAUSS

METZGER, WICKERSHAM, KNAUSSEIN 23-2871395Plan #001PY 2020

2321 PAXTON CHURCH RD, PO BOX 69200 - HARRISBURG, PA 171069200717-238-8187mwke.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$1.1M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.2M

-14.0% from 2019

Total participants

-13.3% from 2019

Average account balance

$133,743

-9.6% from 2019

Annual return

11.77%

-4.71 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.99M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$215K

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

+12.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3971

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 codes2F2G2T3D2E2J

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$53588 / participant

Other / not subdivided$2M100.0%

% of EOY assets

32.876%

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

$133,743

$98,760+35.4%

$149,715-10.7%

$79,858+67.5%

Participation rate

100.0%

75.8%+24.2pp

82.5%+17.5pp

69.6%+30.4pp

Annual return

11.77%

27.43%-15.7pp

276.66%-264.9pp

31.72%-19.9pp

Employer contribution / active EE

$975

$3,217-69.7%

$4,645-79.0%

$2,471-60.6%

Participant deferral / active EE

$3,443

$5,681-39.4%

$6,842-49.7%

$3,740-7.9%

Admin fee / account holder

$43,969

$6,053+626.4%

$9,310+372.3%

$5,306+728.7%

METZGER, WICKERSHAM, KNAUSS & ERB, P.C.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METZGER, WICKERSHAM, KNAUSS & ERB, P.C.

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