Retirement plan

SPOONER AND ASSOCIATES 401K PLAN

Name: SPOONER AND ASSOCIATES - SPOONER AND ASSOCIATES 401K PLAN (2020) Form 5500
Creator: SPOONER AND ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPOONER AND ASSOCIATES 401K PLAN, SPOONER AND ASSOCIATES

SPOONER AND ASSOCIATESEIN 26-1552970Plan #001PY 2020

3451 LAWRENCEVILLE SUWANEE ROAD STE, SUITE C - SUWANEE, GA 30024678-714-1131spoonerlaw.comLinkedIn1-10 employeeslaw practice

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+21.8% from 2019

Total participants

0.0% from 2019

Average account balance

$88,171

+21.8% from 2019

Annual return

14.08%

-10.76 pp from 2019

Benchmarks

See 120,779 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,779 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$198K

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.

180.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9033

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$592 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.335%

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

$88,171

$165,361-46.7%

$149,715-41.1%

$158,950-44.5%

Participation rate

66.7%

84.6%-17.9pp

82.5%-15.8pp

82.0%-15.3pp

Annual return

14.08%

348.24%-334.2pp

276.66%-262.6pp

302.91%-288.8pp

Employer contribution / active EE

$4,071

$5,103-20.2%

$4,645-12.3%

$4,762-14.5%

Participant deferral / active EE

$7,767

$7,182+8.2%

$6,842+13.5%

$5,983+29.8%

Admin fee / account holder

$296

$10,808-97.3%

$9,310-96.8%

$11,248-97.4%

SPOONER AND ASSOCIATES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPOONER AND ASSOCIATES 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