Retirement plan

HAYFLICH & STEINBERG, CPA'S, PLLC PROFIT SHARING PLAN

Name: HAYFLICH & STEINBERG, CPA'S, PLLC - HAYFLICH & STEINBERG, CPA'S, PLLC PROFIT SHARING PLAN (2016) Form 5500
Creator: HAYFLICH & STEINBERG, CPA'S, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAYFLICH & STEINBERG, CPA'S, PLLC PROFIT SHARING PLAN, HAYFLICH & STEINBERG, CPA'S, PLLC

HAYFLICH & STEINBERG, CPA'S, PLLCEIN 37-1496963Plan #003PY 2016

300 EIGHTH STREET, THIRD FLOOR - HUNTINGTON, WV 25701304-697-5700LinkedIn11-50 employeesaccounting

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+12.3% from 2015

Total participants

+3.7% from 2015

Average account balance

$38,066

+12.3% from 2015

Annual return

6.94%

+11.58 pp from 2015

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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

$190K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19865

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 codes2G2J2T

Plan features

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$69K

$3306 / participant

Other / not subdivided$69K100.0%

% of EOY assets

6.755%

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

$38,066

$135,956-72.0%

$123,894-69.3%

$273,972-86.1%

Participation rate

95.2%

84.1%+11.2pp

81.4%+13.8pp

83.0%+12.2pp

Annual return

6.94%

56.63%-49.7pp

47.52%-40.6pp

41.46%-34.5pp

Employer contribution / active EE

$1,840

$5,170-64.4%

$4,617-60.1%

$4,869-62.2%

Participant deferral / active EE

$3,689

$6,343-41.8%

$5,984-38.4%

$5,287-30.2%

Admin fee / account holder

$2,571

$9,817-73.8%

$8,357-69.2%

$10,133-74.6%

HAYFLICH & STEINBERG, CPA'S, PLLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAYFLICH & STEINBERG, CPA'S, PLLC 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