Retirement plan

SPELLMAN, SPELLMAN, SPELLMAN, SPELLMAN & KEALHOFER PROFIT SHARING PLAN

Name: SPELLMAN SPELLMAN SPELLMAN SPELLMAN KEALHOFER - SPELLMAN, SPELLMAN, SPELLMAN, SPELLMAN & KEALHOFER PROFIT SHARING PLAN (2024) Form 5500
Creator: SPELLMAN SPELLMAN SPELLMAN SPELLMAN KEALHOFER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPELLMAN, SPELLMAN, SPELLMAN, SPELLMAN & KEALHOFER PROFIT SHARING PLAN, SPELLMAN SPELLMAN SPELLMAN SPELLMAN KEALHOFER

SPELLMAN SPELLMAN SPELLMAN SPELLMAN KEALHOFEREIN 42-0934216Plan #001PY 2024

1024 2ND ST # 550 - PERRY, IA 502201719515-465-5326

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+17.5% from 2023

Total participants

0.0% from 2023

Average account balance

$357,600

+4.5% from 2023

Annual return

11.29%

-1.04 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.22M

Not enough data

1 years with asset history on file

Average account balance

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

$358K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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

$205

$21 / participant

Other / not subdivided$205100.0%

% of EOY assets

0.006%

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

$357,600

$160,040+123.4%

$147,096+143.1%

$145,877+145.1%

Participation rate

90.0%

84.0%+6.0pp

82.2%+7.8pp

80.3%+9.7pp

Annual return

11.29%

98.49%-87.2pp

419.75%-408.5pp

551.28%-540.0pp

Employer contribution / active EE

$6,218

$5,289+17.6%

$4,936+26.0%

$4,663+33.4%

Participant deferral / active EE

$10,853

$8,429+28.8%

$8,071+34.5%

$6,691+62.2%

Admin fee / account holder

$23

$15,050-99.8%

$13,005-99.8%

$13,402-99.8%

SPELLMAN, SPELLMAN, SPELLMAN, SPELLMAN & KEALHOFER PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPELLMAN, SPELLMAN, SPELLMAN, SPELLMAN & KEALHOFER 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