Retirement plan

GREGORY D. SEMAN & COMPANY, P.C. PROFIT SHARING PLAN

Name: GREGORY D. SEMAN & COMPANY, P.C. - GREGORY D. SEMAN & COMPANY, P.C. PROFIT SHARING PLAN (2024) Form 5500
Creator: GREGORY D. SEMAN & COMPANY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREGORY D. SEMAN & COMPANY, P.C. PROFIT SHARING PLAN, GREGORY D. SEMAN & COMPANY, P.C.

GREGORY D. SEMAN & COMPANY, P.C.EIN 38-3313463Plan #001PY 2024

400 W FRONT ST STE 206 - TRAVERSE CITY, MI 496842802231-922-7777LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$461K

-39.9% from 2023

Total participants

0.0% from 2023

Average account balance

$76,847

-39.9% from 2023

Annual return

11.48%

-2.20 pp from 2023

Benchmarks

See 144,092 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort144,092 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$461K

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

200.0%

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72441

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$435K

$144881 / participant

Other / not subdivided$435K100.0%

% of EOY assets

94.266%

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

$76,847

$159,934-52.0%

$147,005-47.7%

$145,959-47.4%

Participation rate

100.0%

84.0%+16.0pp

82.2%+17.8pp

80.3%+19.7pp

Annual return

11.48%

98.24%-86.8pp

418.76%-407.3pp

561.95%-550.5pp

Employer contribution / active EE

$6,891

$5,287+30.3%

$4,934+39.7%

$4,661+47.9%

Participant deferral / active EE

$4,900

$8,427-41.9%

$8,070-39.3%

$6,689-26.7%

Admin fee / account holder

$72,441

$15,053+381.2%

$13,006+457.0%

$13,398+440.7%

GREGORY D. SEMAN & COMPANY, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREGORY D. SEMAN & COMPANY, P.C. 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