Retirement plan

BLITT & GAINES, P.C. PROFIT SHARING PLAN AND TRUST

Name: BLITT AND GAINES, P.C. - BLITT & GAINES, P.C. PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: BLITT AND GAINES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLITT & GAINES, P.C. PROFIT SHARING PLAN AND TRUST, BLITT AND GAINES, P.C.

BLITT AND GAINES, P.C.EIN 36-3871864Plan #001PY 2018

661 GLENN AVENUE - WHEELING, IL 60090847-403-4900

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$4.2M

+9.5% from 2017

Total participants

175

+18.2% from 2017

Average account balance

$28,036

-12.4% from 2017

Annual return

-7.22%

-25.57 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.54M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

261

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$174

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
NADLER FINANCIAL GROUP, INC.1 year Filed as: NADLER FINANCIAL GROUP, LLC Service code 27 · EIN 36-4156113	Advisory (Plan)	$9,460
ALLIANCE PENSION CONSULTANTS, LLC2 years Service code 15 · EIN 36-4389114	Recordkeeping	$2,724
STEVEN L HYMAN ASSOCIATES3 years Service code 27 · EIN 36-3741228	Advisory (Plan)	$2,690
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$1,284
GAIL CROWLEY3 years Service code 27 · EIN 33-6524306	Advisory (Plan)	$896
CHARLES SCHWAB & CO., INC.3 years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$16K

$110 / participant

Investment mgmt$13K82.6%
Other / not subdivided$3K17.4%

% of EOY assets

0.375%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,036

$73,102-61.6%

$123,544-77.3%

$56,287-50.2%

Participation rate

82.6%

74.3%+8.3pp

82.3%+0.3pp

69.9%+12.8pp

Annual return

-7.22%

3.01%-10.2pp

119.20%-126.4pp

-9.96%+2.7pp

Employer contribution / active EE

$2,617

$2,977-12.1%

$4,628-43.5%

$2,111+23.9%

Participant deferral / active EE

$2,227

$5,423-58.9%

$6,426-65.3%

$3,350-33.5%

Admin fee / account holder

$105

$554-81.0%

$9,284-98.9%

$521-79.8%

Provider

Service type

Compensation

NADLER FINANCIAL GROUP, INC.1 year

Filed as: NADLER FINANCIAL GROUP, LLC

Service code 27 · EIN 36-4156113

Advisory (Plan)

$9,460

ALLIANCE PENSION CONSULTANTS, LLC2 years

Service code 15 · EIN 36-4389114

Recordkeeping

$2,724

STEVEN L HYMAN ASSOCIATES3 years

Service code 27 · EIN 36-3741228

Advisory (Plan)

$2,690

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$1,284

GAIL CROWLEY3 years

Service code 27 · EIN 33-6524306

Advisory (Plan)

$896

CHARLES SCHWAB & CO., INC.3 years

Service code 19 · EIN 94-1737782

Securities Custodian

BLITT & GAINES, P.C. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLITT & GAINES, P.C. PROFIT SHARING PLAN AND TRUST

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