Retirement plan

REED FINANCIAL SERVICES, INC. 401K PROFIT SHARING PLAN

Name: JAMES REED FINANCIAL SERVICES, INC. - REED FINANCIAL SERVICES, INC. 401K PROFIT SHARING PLAN (2017) Form 5500
Creator: JAMES REED FINANCIAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REED FINANCIAL SERVICES, INC. 401K PROFIT SHARING PLAN, JAMES REED FINANCIAL SERVICES, INC.

JAMES REED FINANCIAL SERVICES, INC.dba REED FINANCIAL SERIVCES, INC.EIN 34-1529260Plan #002PY 2017

5885 LANDERBROOK DR STE 110 - MAYFIELD HEIGHTS, OH 441244031216-464-2090

Other plans on this EIN

1 filing

#003Retirement-$285K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-18.8% from 2016

Total participants

0.0% from 2016

Average account balance

$86,812

-32.3% from 2016

Annual return

17.00%

+9.21 pp from 2016

Benchmarks

See 30,802 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,802 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.98M

Not enough data

1 years with asset history on file

Average account balance

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

$284K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$237K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3945

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$767K

$69720 / participant

Other / not subdivided$767K100.0%

% of EOY assets

49.079%

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

$86,812

$171,867-49.5%

$149,721-42.0%

$147,586-41.2%

Participation rate

100.0%

88.2%+11.8pp

87.1%+12.9pp

82.8%+17.2pp

Annual return

17.00%

2113.36%-2096.4pp

1501.67%-1484.7pp

578.59%-561.6pp

Employer contribution / active EE

$4,032

$6,275-35.7%

$5,444-25.9%

$4,876-17.3%

Participant deferral / active EE

$3,070

$7,270-57.8%

$6,568-53.3%

$5,439-43.5%

Admin fee / account holder

$42,607

$13,799+208.8%

$11,282+277.6%

$10,886+291.4%

REED FINANCIAL SERVICES, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REED FINANCIAL SERVICES, INC. 401K 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