Retirement plan

OHIO SOCIETY OF PROFESSIONAL ENGINEERS 401(K) PROFIT SHARING PLAN

Name: OHIO SOCIETY OF PROFESSIONAL ENGINEERS - OHIO SOCIETY OF PROFESSIONAL ENGINEERS 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: OHIO SOCIETY OF PROFESSIONAL ENGINEERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OHIO SOCIETY OF PROFESSIONAL ENGINEERS 401(K) PROFIT SHARING PLAN, OHIO SOCIETY OF PROFESSIONAL ENGINEERS

OHIO SOCIETY OF PROFESSIONAL ENGINEERSEIN 31-4350044Plan #001PY 2021

400 SOUTH FIFTH STREET, SUITE 300, SUITE 300 - COLUMBUS, OH 432155430614-223-1144ohioengineer.comLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$652K

+12.6% from 2020

Total participants

0.0% from 2020

Average account balance

$326,131

+68.9% from 2020

Annual return

40.22%

+42.03 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$893K

Not enough data

1 years with asset history on file

Average account balance

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

$447K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4473

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 codes2E2F2G2J3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$193K

$64200 / participant

Other / not subdivided$193K100.0%

% of EOY assets

29.528%

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

$326,131

$109,872+196.8%

$98,483+231.2%

$167,536+94.7%

Participation rate

66.7%

75.8%-9.2pp

73.3%-6.7pp

82.1%-15.4pp

Annual return

40.22%

1959.31%-1919.1pp

1494.38%-1454.2pp

478.82%-438.6pp

Employer contribution / active EE

$2,396

$3,225-25.7%

$2,961-19.1%

$4,839-50.5%

Participant deferral / active EE

$5,755

$4,673+23.1%

$4,276+34.6%

$6,342-9.3%

Admin fee / account holder

$96,301

$6,757+1325.1%

$5,953+1517.8%

$12,315+682.0%

OHIO SOCIETY OF PROFESSIONAL ENGINEERS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OHIO SOCIETY OF PROFESSIONAL ENGINEERS 401(K) 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