Retirement plan

AAFEDT, FORDE, GRAY, MONSON & HAGER, P. A. 401(K) PROFIT SHARING PLAN

Name: AAFEDT, FORDE, GRAY, MONSON, & HAGER, P.A. - AAFEDT, FORDE, GRAY, MONSON & HAGER, P. A. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: AAFEDT, FORDE, GRAY, MONSON, & HAGER, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AAFEDT, FORDE, GRAY, MONSON & HAGER, P. A. 401(K) PROFIT SHARING PLAN, AAFEDT, FORDE, GRAY, MONSON, & HAGER, P.A.

AAFEDT, FORDE, GRAY, MONSON, & HAGER, P.A.EIN 41-1302418Plan #001PY 2016

920 SECOND AVENUE SOUTH, SUITE 1400 - MINNEAPOLIS, MN 554022424612-339-8965aafedt.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.7M

No prior year

Total participants

No prior year

Average account balance

$167,438

No prior year

Annual return

8.02%

No prior year

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$18.35M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

131.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$905K

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

+17.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42722

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

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

$131K

$3867 / participant

Other / not subdivided$131K100.0%

% of EOY assets

1.354%

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: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,438

$76,552+118.7%

$123,892+35.1%

$62,891+166.2%

Participation rate

91.2%

73.0%+18.2pp

81.4%+9.8pp

69.3%+21.9pp

Annual return

8.02%

18.68%-10.7pp

47.52%-39.5pp

20.14%-12.1pp

Employer contribution / active EE

$4,285

$2,883+48.7%

$4,617-7.2%

$2,281+87.9%

Participant deferral / active EE

$8,528

$4,840+76.2%

$5,984+42.5%

$3,203+166.3%

Admin fee / account holder

$2,267

$4,826-53.0%

$8,357-72.9%

$4,296-47.2%

AAFEDT, FORDE, GRAY, MONSON & HAGER, P. A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AAFEDT, FORDE, GRAY, MONSON & HAGER, P. A. 401(K) 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