Retirement plan

KORNFELD AND ASSOCIATES, CPAS 401(K) RETIREMENT SAVINGS PLAN

Name: KORNFELD AND ASSOCIATES, CPAS - KORNFELD AND ASSOCIATES, CPAS 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: KORNFELD AND ASSOCIATES, CPAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KORNFELD AND ASSOCIATES, CPAS 401(K) RETIREMENT SAVINGS PLAN, KORNFELD AND ASSOCIATES, CPAS

KORNFELD AND ASSOCIATES, CPASEIN 33-0578780Plan #002PY 2022

2067 FIRST AVE. - SAN DIEGO, CA 92101619-563-8000

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.4M

-9.1% from 2021

Total participants

+9.1% from 2021

Average account balance

$198,831

-16.7% from 2021

Annual return

-14.56%

-23.77 pp from 2021

Benchmarks

See 133,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,844 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.32M

Not enough data

1 years with asset history on file

Average account balance

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

$276K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$168K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+5.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1372

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$198,831

$138,114+44.0%

$125,391+58.6%

$134,545+47.8%

Participation rate

100.0%

84.5%+15.5pp

82.4%+17.6pp

81.2%+18.8pp

Annual return

-14.56%

750.88%-765.4pp

572.41%-587.0pp

418.37%-432.9pp

Employer contribution / active EE

$10,642

$5,246+102.9%

$4,816+121.0%

$4,742+124.4%

Participant deferral / active EE

$9,835

$7,801+26.1%

$7,448+32.0%

$6,401+53.6%

Admin fee / account holder

$11,570-100.0%

$10,009-100.0%

$11,431-100.0%

KORNFELD AND ASSOCIATES, CPAS 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KORNFELD AND ASSOCIATES, CPAS 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion