Retirement plan

SPEER FINANCIAL INC. 401(K) PROFIT SHARING PLAN

Name: SPEER FINANCIAL INC. - SPEER FINANCIAL INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SPEER FINANCIAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPEER FINANCIAL INC. 401(K) PROFIT SHARING PLAN, SPEER FINANCIAL INC.

SPEER FINANCIAL INC.EIN 36-2515109Plan #004PY 2022

230 W. MONROE ST. SUITE 2630 - CHICAGO, IL 60606312-346-3700speerfinancial.comLinkedIn11-50 employeesfinancial services

Other plans on this EIN

1 filing

#003Retirement-$1.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

-12.7% from 2021

Total participants

-5.6% from 2021

Average account balance

$213,846

-1.8% from 2021

Annual return

-15.56%

-22.99 pp from 2021

Benchmarks

See 35,220 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,220 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.40M

Not enough data

1 years with asset history on file

Average account balance

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

$360K

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

$143K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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 codes2G2J2T2E2F3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

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

$106K

$7083 / participant

Other / not subdivided$106K100.0%

% of EOY assets

3.105%

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

$213,846

$167,504+27.7%

$151,628+41.0%

$134,509+59.0%

Participation rate

93.3%

88.4%+5.0pp

87.5%+5.8pp

81.2%+12.1pp

Annual return

-15.56%

7.81%-23.4pp

3.34%-18.9pp

418.13%-433.7pp

Employer contribution / active EE

$3,292

$6,828-51.8%

$6,165-46.6%

$4,741-30.6%

Participant deferral / active EE

$9,828

$8,985+9.4%

$8,363+17.5%

$6,400+53.5%

Admin fee / account holder

$6,640

$13,779-51.8%

$11,613-42.8%

$11,427-41.9%

SPEER FINANCIAL INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPEER FINANCIAL INC. 401(K) 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