Retirement plan

SHEPARD, SMITH, KOHLMYER & HAND P.A. RETIREMENT PLAN

Name: SHEPARD, SMITH, KOHLMYER & HAND P.A. - SHEPARD, SMITH, KOHLMYER & HAND P.A. RETIREMENT PLAN (2023) Form 5500
Creator: SHEPARD, SMITH, KOHLMYER & HAND P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEPARD, SMITH, KOHLMYER & HAND P.A. RETIREMENT PLAN, SHEPARD, SMITH, KOHLMYER & HAND P.A.

SHEPARD, SMITH, KOHLMYER & HAND P.A.EIN 32-0242557Plan #001PY 2023

2300 MAITLAND CENTER PKWY STE 100 - MAITLAND, FL 327517410407-622-1772shepardfirm.comLinkedIn11-50 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+18.7% from 2022

Total participants

-16.7% from 2022

Average account balance

$205,123

+45.1% from 2022

Annual return

15.57%

+30.88 pp from 2022

Benchmarks

See 139,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,910 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.62M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

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

+11.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5012

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$81K

$8150 / participant

Other / not subdivided$81K100.0%

% of EOY assets

4.415%

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

$205,123

$148,558+38.1%

$135,925+50.9%

$139,427+47.1%

Participation rate

90.0%

83.9%+6.1pp

81.9%+8.1pp

80.3%+9.7pp

Annual return

15.57%

79.22%-63.7pp

68.25%-52.7pp

373.27%-357.7pp

Employer contribution / active EE

$3,992

$5,244-23.9%

$4,857-17.8%

$4,752-16.0%

Participant deferral / active EE

$8,985

$8,101+10.9%

$7,759+15.8%

$6,711+33.9%

Admin fee / account holder

$9,055

$12,401-27.0%

$10,764-15.9%

$11,404-20.6%

SHEPARD, SMITH, KOHLMYER & HAND P.A. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEPARD, SMITH, KOHLMYER & HAND P.A. RETIREMENT 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