Retirement plan

NGMEO PROFIT SHARING PLAN

Name: NYEMASTER GOODE, P.C. - NGMEO PROFIT SHARING PLAN (2020) Form 5500
Creator: NYEMASTER GOODE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NGMEO PROFIT SHARING PLAN, NYEMASTER GOODE, P.C.

NYEMASTER GOODE, P.C.EIN 42-1154516Plan #001PY 2020

700 WALNUT, SUITE 1600 - DES MOINES, IA 503093899515-283-8185nyemaster.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesLow participationHigh assets / participant

Top hat statement on fileNQDC

Filed October 19, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$121.8M

+13.0% from 2019

Total participants

146

-22.3% from 2019

Average account balance

$4,683,416

+716.9% from 2019

Annual return

12.92%

-7.04 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$138.99M

Not enough data

1 years with asset history on file

Average account balance

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

$695K

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.

200

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$37K

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

+12.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1154

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

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290	Contract Administrator	$142,244
GLOBAL RETIREMENT PARTNERS LLC4 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$39,513
THE RETIREMENT ADVANTAGE INC4 years Filed as: THE RETIREMENT ADVANTAGE Service code 49	Other Services	$14,588
SYVERSON STREGE FINANCIAL1 year Filed as: SYVERSON STREGE Service code 13 · EIN 27-1568215	Contract Administrator	$12,000
DENMAN & COMPANY2 years Filed as: DENMAN & COMPANY LLP Service code 10 · EIN 42-0794029	Accounting	$7,697
THE RETIREMENT ADVANTAGE INC6+ years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 49 · EIN 39-1816008 47 PARK PLACE · APPELTON, WI 54914	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$336K

$2366 / participant

Investment mgmt$128K38.2%
Contract admin$154K45.9%
Other / not subdivided$53K15.9%

% of EOY assets

0.276%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DENMAN & COMPANY LLP
Auditor EIN: 420794029
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,683,416

$99,957+4585.4%

$149,745+3027.6%

$73,497+6272.3%

Participation rate

15.5%

75.7%-60.2pp

82.5%-67.0pp

70.7%-55.2pp

Annual return

12.92%

53.87%-41.0pp

276.72%-263.8pp

28.51%-15.6pp

Employer contribution / active EE

$19,838

$3,191+521.7%

$4,646+327.0%

$2,270+773.9%

Participant deferral / active EE

$10,843

$6,073+78.6%

$6,843+58.5%

$3,740+189.9%

Admin fee / account holder

$12,922

$551+2246.6%

$9,312+38.8%

$513+2418.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Filed as: PRINCIPAL LIFE INSURANCE CO

Service code 13 · EIN 42-0127290

Contract Administrator

$142,244

GLOBAL RETIREMENT PARTNERS LLC4 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$39,513

THE RETIREMENT ADVANTAGE INC4 years

Filed as: THE RETIREMENT ADVANTAGE

Service code 49

Other Services

$14,588

SYVERSON STREGE FINANCIAL1 year

Filed as: SYVERSON STREGE

Service code 13 · EIN 27-1568215

Contract Administrator

$12,000

DENMAN & COMPANY2 years

Filed as: DENMAN & COMPANY LLP

Service code 10 · EIN 42-0794029

Accounting

$7,697

THE RETIREMENT ADVANTAGE INC6+ years

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 49 · EIN 39-1816008

47 PARK PLACE · APPELTON, WI 54914

Other Services

NGMEO PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NGMEO PROFIT SHARING PLAN

Top hat statement on fileNQDC

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