Retirement plan

SHUMAKER, LOOP AND KENDRICK, LLP ASSOCIATES 401K SAVINGS PLAN

Name: SHUMAKER, LOOP AND KENDRICK, LLP - SHUMAKER, LOOP AND KENDRICK, LLP ASSOCIATES 401K SAVINGS PLAN (2023) Form 5500
Creator: SHUMAKER, LOOP AND KENDRICK, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHUMAKER, LOOP AND KENDRICK, LLP ASSOCIATES 401K SAVINGS PLAN, SHUMAKER, LOOP AND KENDRICK, LLP

SHUMAKER, LOOP AND KENDRICK, LLPEIN 34-4439491Plan #003PY 2023

1000 JACKSON STREET - TOLEDO, OH 43604419-241-9000shumaker.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$258.6M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+38.6% from 2022

Total participants

-2.2% from 2022

Average account balance

$36,133

+23.8% from 2022

Annual return

6.67%

+24.45 pp from 2022

Benchmarks

See 28,714 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,714 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.40M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

113.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$730K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+2.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1254

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 codes2F2G2J2R3D

Plan features

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$86K

$1145 / participant

Other / not subdivided$86K100.0%

% of EOY assets

3.168%

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

$36,133

$93,589-61.4%

$135,942-73.4%

$75,181-51.9%

Participation rate

80.0%

75.2%+4.8pp

81.9%-1.9pp

67.2%+12.8pp

Annual return

6.67%

30.90%-24.2pp

68.28%-61.6pp

160.69%-154.0pp

Employer contribution / active EE

$3,537-100.0%

$4,858-100.0%

$2,671-100.0%

Participant deferral / active EE

$9,390

$6,405+46.6%

$7,759+21.0%

$4,126+127.6%

Admin fee / account holder

$1,145

$6,977-83.6%

$10,764-89.4%

$5,650-79.7%

SHUMAKER, LOOP AND KENDRICK, LLP ASSOCIATES 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHUMAKER, LOOP AND KENDRICK, LLP ASSOCIATES 401K SAVINGS 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