Retirement plan

GRISSIM METZ ANDRIESE ASSOCIATES 401(K) PROFIT

Name: GRISSIM METZ ANDRIESE ASSOCIATES, P.C. - GRISSIM METZ ANDRIESE ASSOCIATES 401(K) PROFIT (2018) Form 5500
Creator: GRISSIM METZ ANDRIESE ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRISSIM METZ ANDRIESE ASSOCIATES 401(K) PROFIT, GRISSIM METZ ANDRIESE ASSOCIATES, P.C.

GRISSIM METZ ANDRIESE ASSOCIATES, P.C.EIN 38-1582712Plan #002PY 2018

300 EAST CADY STREET - NORTHVILLE, MI 48167248-347-7010gma-la.comLinkedIn11-50 employeesarchitecture & planning

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

+1.0% from 2017

Total participants

+25.0% from 2017

Average account balance

$121,448

+1.0% from 2017

Annual return

-5.40%

-21.66 pp from 2017

Benchmarks

See 116,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort116,756 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.50M

Not enough data

1 years with asset history on file

Average account balance

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

$292K

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

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65349

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 codes2E2F2G2J2T

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.

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

$4K

$335 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.224%

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

$121,448

$138,076-12.0%

$123,553-1.7%

$135,380-10.3%

Participation rate

69.2%

84.7%-15.5pp

82.3%-13.1pp

82.6%-13.4pp

Annual return

-5.40%

153.70%-159.1pp

119.21%-124.6pp

519.81%-525.2pp

Employer contribution / active EE

$2,948

$5,152-42.8%

$4,628-36.3%

$4,779-38.3%

Participant deferral / active EE

$6,645

$6,800-2.3%

$6,426+3.4%

$5,609+18.5%

Admin fee / account holder

$272

$10,917-97.5%

$9,284-97.1%

$10,828-97.5%

GRISSIM METZ ANDRIESE ASSOCIATES 401(K) PROFIT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRISSIM METZ ANDRIESE ASSOCIATES 401(K) PROFIT

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