Retirement plan

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

Name: PLUNKETT COONEY, P.C. - PLUNKETT COONEY, P.C. EMPLOYEES' PROFIT SHARING PLAN (2017) 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 2017

38505 WOODWARD AVE., SUITE 2000 - BLOOMFIELD HILLS, MI 48304248-901-4000plunkettcooney.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$7.9M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$66.1M

+13.1% from 2016

Total participants

248

-1.6% from 2016

Average account balance

$270,823

+15.4% from 2016

Annual return

17.38%

+5.04 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$114,397
BKS ADVISORS LLC2 years Service code 28 · EIN 38-3540855	Investment Management	$33,752
PLANTE & MORAN, PLLC2 years Filed as: PLANTE MORAN FINANCIAL ADVISOR Service code 28 · EIN 38-3123123	Investment Management	$9,500
CHARLES SCHWAB & CO., INC.3+ years Service code 33 · EIN 94-1737782	Securities brokerage; Float revenue; ...	$2,644
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES 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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$160K

$827 / participant

Investment mgmt$46K28.7%
Other / not subdivided$114K71.3%

% of EOY assets

0.243%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PLANTE & MORAN LLP
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$270,823

$80,753+235.4%

$136,297+98.7%

$62,293+334.8%

Participation rate

97.9%

73.5%+24.4pp

81.9%+16.0pp

69.5%+28.4pp

Annual return

17.38%

35.83%-18.5pp

5156.19%-5138.8pp

28.90%-11.5pp

Employer contribution / active EE

$7,993

$2,884+177.2%

$4,696+70.2%

$2,042+291.4%

Participant deferral / active EE

$9,751

$5,164+88.8%

$6,247+56.1%

$3,169+207.7%

Admin fee / account holder

$658

$525+25.2%

$9,244-92.9%

$479+37.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$114,397

BKS ADVISORS LLC2 years

Service code 28 · EIN 38-3540855

Investment Management

$33,752

PLANTE & MORAN, PLLC2 years

Filed as: PLANTE MORAN FINANCIAL ADVISOR

Service code 28 · EIN 38-3123123

Investment Management

$9,500

CHARLES SCHWAB & CO., INC.3+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Float revenue; ...

$2,644

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO AND AFFILIATES

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