Retirement plan

YOUNG & ASSOCIATES, INC. 401K) PROFIT SHARING PLAN AND TRUST PLAN AND TRUST

Name: YOUNG & ASSOCIATES, INC - YOUNG & ASSOCIATES, INC. 401K) PROFIT SHARING PLAN AND TRUST PLAN AND TRUST (2020) Form 5500
Creator: YOUNG & ASSOCIATES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YOUNG & ASSOCIATES, INC. 401K) PROFIT SHARING PLAN AND TRUST PLAN AND TRUST, YOUNG & ASSOCIATES, INC

YOUNG & ASSOCIATES, INCEIN 34-1312801Plan #001PY 2020

P.O BOX 711 - KENT, OH 44240330-422-3459youngassociatesinc.comLinkedIn11-50 employeesfinancial services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+4.2% from 2019

Total participants

+2.0% from 2019

Average account balance

$68,716

-0.0% from 2019

Annual return

13.07%

-7.76 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.60M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

136.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$375K

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

+14.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4305

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$581K

$14905 / participant

Other / not subdivided$581K100.0%

% of EOY assets

17.264%

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

$68,716

$123,793-44.5%

$177,840-61.4%

$79,852-13.9%

Participation rate

94.9%

84.7%+10.2pp

87.7%+7.2pp

69.6%+25.2pp

Annual return

13.07%

22.82%-9.7pp

48.32%-35.3pp

31.72%-18.6pp

Employer contribution / active EE

$2,196

$4,095-46.4%

$5,919-62.9%

$2,471-11.1%

Participant deferral / active EE

$5,376

$5,956-9.7%

$7,714-30.3%

$3,740+43.7%

Admin fee / account holder

$11,863

$7,243+63.8%

$12,431-4.6%

$5,306+123.6%

YOUNG & ASSOCIATES, INC. 401K) PROFIT SHARING PLAN AND TRUST PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YOUNG & ASSOCIATES, INC. 401K) PROFIT SHARING PLAN AND TRUST PLAN AND TRUST

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