Retirement plan

SWANSON, MARTIN & BELL, LLP 401(K) PROFIT SHARING PLAN

Name: SWANSON, MARTIN & BELL, LLP - SWANSON, MARTIN & BELL, LLP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SWANSON, MARTIN & BELL, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWANSON, MARTIN & BELL, LLP 401(K) PROFIT SHARING PLAN, SWANSON, MARTIN & BELL, LLP

SWANSON, MARTIN & BELL, LLPEIN 36-3825975Plan #001PY 2023

330 NORTH WABASH, SUITE 3300 - CHICAGO, IL 60611312-321-9100smbtrials.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$80.7M

+10.4% from 2022

Total participants

267

+9.0% from 2022

Average account balance

$305,640

+2.1% from 2022

Annual return

17.69%

+34.11 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$97.64M

Not enough data

1 years with asset history on file

Average account balance

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

$345K

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.

283

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+13.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
HOWARD SIMON & ASSOCIATES, INC.9+ years Service code 14 · EIN 36-3132823	Plan Administrator	$36,447
MATRIX TRUST COMPANY4 years Service code 18 · EIN 71-3182674	Direct payment from the plan; Custodi...	$0

Plan features & details

Pension benefit codes2A2E2G2J2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$53K

$285 / participant

Recordkeeping$3K5.0%
Contract admin$39K73.3%
Other / not subdivided$12K21.6%

% of EOY assets

0.066%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: $11,529
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$305,640

$91,407+234.4%

$135,903+124.9%

$71,457+327.7%

Participation rate

98.4%

75.7%+22.7pp

81.9%+16.5pp

67.9%+30.5pp

Annual return

17.69%

29.90%-12.2pp

68.23%-50.5pp

28.85%-11.2pp

Employer contribution / active EE

$10,286

$3,703+177.8%

$4,856+111.8%

$2,588+297.5%

Participant deferral / active EE

$10,127

$7,092+42.8%

$7,758+30.5%

$4,289+136.1%

Admin fee / account holder

$202

$1,266-84.1%

$10,762-98.1%

$1,587-87.3%

Provider

Service type

Compensation

HOWARD SIMON & ASSOCIATES, INC.9+ years

Service code 14 · EIN 36-3132823

Plan Administrator

$36,447

MATRIX TRUST COMPANY4 years

Service code 18 · EIN 71-3182674

Direct payment from the plan; Custodi...

SWANSON, MARTIN & BELL, LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWANSON, MARTIN & BELL, LLP 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