Retirement plan

FRANKEL & PUHL EMPLOYEE STOCK OWNERSHIP PLAN

Name: DRS. FRANKEL & PUHL, INC. - FRANKEL & PUHL EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: DRS. FRANKEL & PUHL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANKEL & PUHL EMPLOYEE STOCK OWNERSHIP PLAN, DRS. FRANKEL & PUHL, INC.

DRS. FRANKEL & PUHL, INC.EIN 34-1899486Plan #003PY 2024

5012 TALMADGE RD STE 100 - TOLEDO, OH 43623419-474-9611LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$4.1M assets

Prospect flagsLow returnsRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.5M

-5.9% from 2023

Total participants

185

+69.7% from 2023

Average account balance

$43,680

-45.8% from 2023

Annual return

-17.96%

-169.55 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.51M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

172

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$964K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

-17.96%

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

1 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 codes2O2J2K2H

Plan features

2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GPQ PARTNERS, LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,680

$55,446-21.2%

$155,574-71.9%

$74,429-41.3%

Participation rate

92.3%

61.9%+30.4pp

78.2%+14.0pp

67.2%+25.0pp

Annual return

-17.96%

269.20%-287.2pp

64.87%-82.8pp

1368.38%-1386.3pp

Employer contribution / active EE

$5,738

$2,266+153.2%

$4,676+22.7%

$2,625+118.6%

Participant deferral / active EE

$2,836-100.0%

$5,629-100.0%

$4,348-100.0%

Admin fee / account holder

$1,743-100.0%

$15,914-100.0%

$1,944-100.0%

FRANKEL & PUHL EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FRANKEL & PUHL EMPLOYEE STOCK OWNERSHIP 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