Retirement plan

SMITH, MARTIN, POWERS & KNIER, P.C. EMPLOYEE 401(K) AND PROFIT SHARING PLAN

Name: SMITH MARTIN POWERS & KNIER P.C. - SMITH, MARTIN, POWERS & KNIER, P.C. EMPLOYEE 401(K) AND PROFIT SHARING PLAN (2020) Form 5500
Creator: SMITH MARTIN POWERS & KNIER P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITH, MARTIN, POWERS & KNIER, P.C. EMPLOYEE 401(K) AND PROFIT SHARING PLAN, SMITH MARTIN POWERS & KNIER P.C.

SMITH MARTIN POWERS & KNIER P.C.EIN 38-3565560Plan #001PY 2020

900 WASHINGTON AVE, P.O. BOX 219 - BAY CITY, MI 48707989-892-3924smpklaw.comLinkedIn1-10 employeeslegal services

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$6M

+23.4% from 2019

Total participants

+15.4% from 2019

Average account balance

$502,397

+23.4% from 2019

Annual return

20.16%

-3.54 pp from 2019

Benchmarks

See 120,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,756 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$557

$40 / participant

Other / not subdivided$557100.0%

% of EOY assets

0.009%

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

$502,397

$165,381+203.8%

$149,730+235.5%

$158,966+216.0%

Participation rate

78.6%

84.6%-6.0pp

82.5%-3.9pp

82.0%-3.4pp

Annual return

20.16%

348.29%-328.1pp

276.70%-256.5pp

302.95%-282.8pp

Employer contribution / active EE

$4,067

$5,104-20.3%

$4,645-12.4%

$4,762-14.6%

Participant deferral / active EE

$7,281

$7,182+1.4%

$6,843+6.4%

$5,983+21.7%

Admin fee / account holder

$46

$10,809-99.6%

$9,310-99.5%

$11,250-99.6%

SMITH, MARTIN, POWERS & KNIER, P.C. EMPLOYEE 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMITH, MARTIN, POWERS & KNIER, P.C. EMPLOYEE 401(K) AND 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