Retirement plan

PLUNKETT COONEY, P.C. EMPLOYEES' PROFIT SHARING PLAN

Name: PLUNKETT COONEY, P.C. - PLUNKETT COONEY, P.C. EMPLOYEES' PROFIT SHARING PLAN (2024) Form 5500
Creator: PLUNKETT COONEY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUNKETT COONEY, P.C. EMPLOYEES' PROFIT SHARING PLAN, PLUNKETT COONEY, P.C.

PLUNKETT COONEY, P.C.EIN 38-1896842Plan #001PY 2024

38505 WOODWARD AVE., SUITE 100 - BLOOMFIELD HILLS, MI 48304248-901-4000plunkettcooney.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$10.3M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$87.2M

+3.2% from 2023

Total participants

227

-12.0% from 2023

Average account balance

$396,150

+18.2% from 2023

Annual return

13.27%

-3.38 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

See peer percentile detail. $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.

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Analytics

Total assets (EOY)

Plan-year ending balance

$87.15M

Not enough data

1 years with asset history on file

Average account balance

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

$396K

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.

220

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$851

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.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.10+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$115,747
CBIZ RETIREMENT PLAN SERVICES6 years Filed as: CBIZ INVESTMENT ADVISORY SERVI Service code 28 · EIN 81-3968784	Investment Management	$47,502
WILLIAM BLAIR4 years Filed as: WILLIAM BLAIR INVESTMENT MGMT Service code 26 · EIN 47-2614791	Advisory (Participants)	$12,047
PLANNING ALTERNATIVES LTD2 years Service code 26 · EIN 38-2435260	Advisory (Participants)	$6,136
SHUTTLEWORTH & COMPANY1 year Service code 26 · EIN 31-1641657	Advisory (Participants)	$5,887
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Float r...	$497
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$187K

$1193 / participant

Recordkeeping$8K4.3%
Investment mgmt$179K95.7%

% of EOY assets

0.215%

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: PLANTE & MORAN LLP
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$396,150

$101,499+290.3%

$147,005+169.5%

$74,546+431.4%

Participation rate

95.5%

75.5%+20.0pp

82.2%+13.4pp

67.2%+28.3pp

Annual return

13.27%

8732.34%-8719.1pp

418.76%-405.5pp

1366.03%-1352.8pp

Employer contribution / active EE

$3,811-100.0%

$4,934-100.0%

$2,624-100.0%

Participant deferral / active EE

$16,392

$7,304+124.4%

$8,070+103.1%

$4,347+277.0%

Admin fee / account holder

$851

$1,748-51.3%

$13,006-93.5%

$1,944-56.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.10+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$115,747

CBIZ RETIREMENT PLAN SERVICES6 years

Filed as: CBIZ INVESTMENT ADVISORY SERVI

Service code 28 · EIN 81-3968784

Investment Management

$47,502

WILLIAM BLAIR4 years

Filed as: WILLIAM BLAIR INVESTMENT MGMT

Service code 26 · EIN 47-2614791

Advisory (Participants)

$12,047

PLANNING ALTERNATIVES LTD2 years

Service code 26 · EIN 38-2435260

Advisory (Participants)

$6,136

SHUTTLEWORTH & COMPANY1 year

Service code 26 · EIN 31-1641657

Advisory (Participants)

$5,887

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Float r...

$497

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

PLUNKETT COONEY, P.C. EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUNKETT COONEY, P.C. EMPLOYEES' 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