Retirement plan

HUGH S. SMITH, PH.D. & ASSOCIATES, P.C. 401K PLAN

Name: HUGH S. SMITH, PH.D. & ASSOCIATES, P.C. - HUGH S. SMITH, PH.D. & ASSOCIATES, P.C. 401K PLAN (2023) Form 5500
Creator: HUGH S. SMITH, PH.D. & ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUGH S. SMITH, PH.D. & ASSOCIATES, P.C. 401K PLAN, HUGH S. SMITH, PH.D. & ASSOCIATES, P.C.

HUGH S. SMITH, PH.D. & ASSOCIATES, P.C.EIN 23-3059050Plan #001PY 2023

1831 LITITZ PIKE - LANCASTER, PA 17601717-468-1971hssmithassociates.comLinkedIn11-50 employeesmental health care

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$205K

+22.0% from 2022

Total participants

-12.5% from 2022

Average account balance

$41,070

-26.8% from 2022

Annual return

14.63%

+31.29 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$299K

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+21.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2495

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$286 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.695%

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

$41,070

$148,582-72.4%

$135,942-69.8%

$139,456-70.6%

Participation rate

60.0%

83.9%-23.9pp

81.9%-21.9pp

80.3%-20.3pp

Annual return

14.63%

79.26%-64.6pp

68.28%-53.6pp

373.45%-358.8pp

Employer contribution / active EE

$1,117

$5,245-78.7%

$4,858-77.0%

$4,753-76.5%

Participant deferral / active EE

$1,356

$8,101-83.3%

$7,759-82.5%

$6,711-79.8%

Admin fee / account holder

$286

$12,402-97.7%

$10,764-97.3%

$11,407-97.5%

HUGH S. SMITH, PH.D. & ASSOCIATES, P.C. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUGH S. SMITH, PH.D. & ASSOCIATES, P.C. 401K 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