Retirement plan

ARCHER TAX & FINANCIAL GROUP, P.C. 401K PROFIT- SHARING PLAN

Name: ARCHER TAX & FINANCIAL GROUP, PC - ARCHER TAX & FINANCIAL GROUP, P.C. 401K PROFIT- SHARING PLAN (2024) Form 5500
Creator: ARCHER TAX & FINANCIAL GROUP, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARCHER TAX & FINANCIAL GROUP, P.C. 401K PROFIT- SHARING PLAN, ARCHER TAX & FINANCIAL GROUP, PC

ARCHER TAX & FINANCIAL GROUP, PCEIN 26-4045616Plan #001PY 2024

512 WEST LANCASTER AVENUE, SUITE C - WAYNE, PA 19087610-995-2005

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+17.4% from 2023

Total participants

-5.6% from 2023

Average account balance

$73,522

+24.3% from 2023

Annual return

7.16%

-4.83 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.25M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114K

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

+7.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$363

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 codes2E2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$6K

$411 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.494%

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

$73,522

$160,028-54.1%

$147,080-50.0%

$145,884-49.6%

Participation rate

100.0%

84.0%+16.0pp

82.2%+17.8pp

80.3%+19.7pp

Annual return

7.16%

98.60%-91.4pp

420.17%-413.0pp

551.85%-544.7pp

Employer contribution / active EE

$1,919

$5,286-63.7%

$4,933-61.1%

$4,662-58.8%

Participant deferral / active EE

$5,677

$8,422-32.6%

$8,066-29.6%

$6,690-15.1%

Admin fee / account holder

$363

$15,030-97.6%

$12,989-97.2%

$13,392-97.3%

ARCHER TAX & FINANCIAL GROUP, P.C. 401K PROFIT- SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARCHER TAX & FINANCIAL GROUP, P.C. 401K 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