Retirement plan

FORDE-MCGOVERN & ASSOCIATES, INC., 401(K) PROFIT SHARING PLAN

Name: FORDE-MCGOVERN & ASSOCIATES, INC. - FORDE-MCGOVERN & ASSOCIATES, INC., 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: FORDE-MCGOVERN & ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORDE-MCGOVERN & ASSOCIATES, INC., 401(K) PROFIT SHARING PLAN, FORDE-MCGOVERN & ASSOCIATES, INC.

FORDE-MCGOVERN & ASSOCIATES, INC.EIN 33-0671930Plan #003PY 2023

905 CALLE AMANECER, SUITE 160 - SAN CLEMENTE, CA 92673949-713-9098fordemcgovern.comLinkedIn11-50 employees

Other plans on this EIN

1 filing

#004Retirement-$593K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.6M

+39.4% from 2022

Total participants

0.0% from 2022

Average account balance

$199,910

+39.4% from 2022

Annual return

16.91%

+33.57 pp from 2022

Benchmarks

See 18,470 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,470 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.06M

Not enough data

1 years with asset history on file

Average account balance

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

$258K

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

$265K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J2G3D

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.
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

$199,910

$96,419+107.3%

$80,648+147.9%

$139,487+43.3%

Participation rate

100.0%

73.6%+26.4pp

67.0%+33.0pp

80.3%+19.7pp

Annual return

16.91%

1352.86%-1336.0pp

937.21%-920.3pp

373.84%-356.9pp

Employer contribution / active EE

$16,251

$3,261+398.3%

$2,724+496.7%

$4,755+241.8%

Participant deferral / active EE

$15,978

$5,225+205.8%

$4,443+259.6%

$6,713+138.0%

Admin fee / account holder

$6,605-100.0%

$5,382-100.0%

$11,407-100.0%

FORDE-MCGOVERN & ASSOCIATES, INC., 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FORDE-MCGOVERN & ASSOCIATES, INC., 401(K) PROFIT SHARING 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