Retirement plan

CORRELL ASSOCIATES, P.C. TAX DEFERRED SAVING PLAN

Name: CORRELL ASSOCIATES, P.C. - CORRELL ASSOCIATES, P.C. TAX DEFERRED SAVING PLAN (2017) Form 5500
Creator: CORRELL ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORRELL ASSOCIATES, P.C. TAX DEFERRED SAVING PLAN, CORRELL ASSOCIATES, P.C.

CORRELL ASSOCIATES, P.C.EIN 38-2746717Plan #001PY 2017

26026 TELEGRAPH ROAD, SUITE 200 - SOUTHFIELD, MI 48033248-355-5151correllcpa.comLinkedIn1-10 employeesaccounting

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$1.8M

-14.9% from 2016

Total participants

-7.7% from 2016

Average account balance

$147,117

-7.8% from 2016

Annual return

12.27%

+4.80 pp from 2016

Benchmarks

See 114,325 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,325 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.27M

Not enough data

1 years with asset history on file

Average account balance

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

$756K

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

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98631

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 codes2E2G2J2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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 retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$670K

$74406 / participant

Other / not subdivided$670K100.0%

% of EOY assets

37.932%

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

$147,117

$150,446-2.2%

$136,297+7.9%

$147,585-0.3%

Participation rate

100.0%

84.4%+15.6pp

81.9%+18.1pp

82.8%+17.2pp

Annual return

12.27%

1049.14%-1036.9pp

5156.19%-5143.9pp

578.58%-566.3pp

Employer contribution / active EE

$2,585

$5,256-50.8%

$4,696-44.9%

$4,876-47.0%

Participant deferral / active EE

$9,209

$6,631+38.9%

$6,247+47.4%

$5,439+69.3%

Admin fee / account holder

$55,804

$10,906+411.7%

$9,244+503.7%

$10,886+412.6%

CORRELL ASSOCIATES, P.C. TAX DEFERRED SAVING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORRELL ASSOCIATES, P.C. TAX DEFERRED SAVING 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