Retirement plan

SIMON & SIMON P.C SAFE HARBOR 401K PROFIT SHARING PLAN

Name: SIMON AND SIMON, P.C. DBA CITY SMILES AND SONRISA URBANA - SIMON & SIMON P.C SAFE HARBOR 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: SIMON AND SIMON, P.C. DBA CITY SMILES AND SONRISA URBANA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMON & SIMON P.C SAFE HARBOR 401K PROFIT SHARING PLAN, SIMON AND SIMON, P.C. DBA CITY SMILES AND SONRISA URBANA

SIMON AND SIMON, P.C. DBA CITY SMILES AND SONRISA URBANAEIN 36-3545332Plan #001PY 2022

3800 N. PULASKI - CHICAGO, IL 606413197773-663-3800

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

-11.6% from 2021

Total participants

0.0% from 2021

Average account balance

$125,472

+8.5% from 2021

Annual return

-15.53%

-24.62 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.12M

Not enough data

1 years with asset history on file

Average account balance

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

$294K

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

$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

+12.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7339

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 codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$3K

$202 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.117%

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

$125,472

$167,353-25.0%

$143,797-12.7%

$134,545-6.7%

Participation rate

68.8%

84.8%-16.1pp

80.3%-11.6pp

81.2%-12.5pp

Annual return

-15.53%

0.48%-16.0pp

-0.04%-15.5pp

418.37%-433.9pp

Employer contribution / active EE

$1,820

$5,620-67.6%

$4,952-63.2%

$4,742-61.6%

Participant deferral / active EE

$6,000

$6,447-6.9%

$5,638+6.4%

$6,401-6.3%

Admin fee / account holder

$147

$18,096-99.2%

$14,679-99.0%

$11,431-98.7%

SIMON & SIMON P.C SAFE HARBOR 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMON & SIMON P.C SAFE HARBOR 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