Retirement plan

NGMEO PROFIT SHARING PLAN

Name: NYEMASTER GOODE, P.C. - NGMEO PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh feesHigh 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.

Open the filing PDF

How to read this page

Total assets (EOY)

$125.7M

+13.9% from 2022

Total participants

198

+7.0% from 2022

Average account balance

$634,720

+5.8% from 2022

Annual return

15.60%

+30.26 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

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

$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

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

Top 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$87,880
GLOBAL RETIREMENT PARTNERS LLC7 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$28,533
QUALIFIED PLANS, LLC2 years Filed as: QUALIFIED PLAN CONSULTANTS Service code 49 · EIN 20-0223513	Other Services	$17,246
DENMAN & COMPANY2 years Filed as: DENMAN & COMPANY, LLP Service code 10 · EIN 42-0794029	Accounting	$8,915
SYVERSON STREGE FINANCIAL3 years Service code 26 · EIN 42-1317552	Advisory (Participants)	$5,000
SYVERSON STREGE FINANCIAL1 year Filed as: SYVERSON STREZE Service code 27 · EIN 27-1568215	Advisory (Plan)	$5,000

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

3 tripped

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

$206K

$1443 / participant

Investment mgmt$108K52.6%
Contract admin$98K47.4%

% of EOY assets

0.164%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$634,720

$91,407+594.4%

$135,903+367.0%

$71,457+788.2%

Participation rate

100.0%

75.7%+24.3pp

81.9%+18.1pp

67.9%+32.1pp

Annual return

15.60%

29.90%-14.3pp

68.23%-52.6pp

28.85%-13.2pp

Employer contribution / active EE

$22,371

$3,703+504.1%

$4,856+360.7%

$2,588+764.6%

Participant deferral / active EE

$12,577

$7,092+77.3%

$7,758+62.1%

$4,289+193.2%

Admin fee / account holder

$1,042

$1,266-17.7%

$10,762-90.3%

$1,587-34.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$87,880

GLOBAL RETIREMENT PARTNERS LLC7 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$28,533

QUALIFIED PLANS, LLC2 years

Filed as: QUALIFIED PLAN CONSULTANTS

Service code 49 · EIN 20-0223513

Other Services

$17,246

DENMAN & COMPANY2 years

Filed as: DENMAN & COMPANY, LLP

Service code 10 · EIN 42-0794029

Accounting

$8,915

SYVERSON STREGE FINANCIAL3 years

Service code 26 · EIN 42-1317552

Advisory (Participants)

$5,000

SYVERSON STREGE FINANCIAL1 year

Filed as: SYVERSON STREZE

Service code 27 · EIN 27-1568215

Advisory (Plan)

$5,000

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