Retirement plan

MCSHANE & BOWIE, P.L.C. ASSOCIATES P/S 401(K) PLAN

Name: MCSHANE & BOWIE, P.L.C. - MCSHANE & BOWIE, P.L.C. ASSOCIATES P/S 401(K) PLAN (2019) Form 5500
Creator: MCSHANE & BOWIE, P.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCSHANE & BOWIE, P.L.C. ASSOCIATES P/S 401(K) PLAN, MCSHANE & BOWIE, P.L.C.

MCSHANE & BOWIE, P.L.C.EIN 38-3151744Plan #002PY 2019

99 MONROE AVENUE NORTH WEST, SUITE 1100 - GRAND RAPIDS, MI 49503616-732-5031msblaw.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$8.8M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$71K

+94.6% from 2018

Total participants

+25.0% from 2018

Average account balance

$14,180

+55.7% from 2018

Annual return

31.02%

+34.67 pp from 2018

Benchmarks

See 119,339 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,339 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$163K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

233.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+19.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12224

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 codes2E2F2G2J3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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

$14,180

$157,296-91.0%

$141,191-90.0%

$152,897-90.7%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

31.02%

64.34%-33.3pp

71.41%-40.4pp

345.43%-314.4pp

Employer contribution / active EE

$3,849

$5,262-26.9%

$4,736-18.7%

$4,764-19.2%

Participant deferral / active EE

$7,731

$7,111+8.7%

$6,710+15.2%

$5,851+32.1%

Admin fee / account holder

$12,125-100.0%

$10,264-100.0%

$11,599-100.0%

MCSHANE & BOWIE, P.L.C. ASSOCIATES P/S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MCSHANE & BOWIE, P.L.C. ASSOCIATES P/S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion