Retirement plan

PLANNERS TAX & ACCOUNTING, INC. PROFIT SHARING 401K PLAN

Name: PLANNERS TAX & ACCOUNTING, INC. - PLANNERS TAX & ACCOUNTING, INC. PROFIT SHARING 401K PLAN (2020) Form 5500
Creator: PLANNERS TAX & ACCOUNTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLANNERS TAX & ACCOUNTING, INC. PROFIT SHARING 401K PLAN, PLANNERS TAX & ACCOUNTING, INC.

PLANNERS TAX & ACCOUNTING, INC.EIN 42-1368042Plan #001PY 2020

2600 WESTOWN PKWY STE 230 - WEST DES MOINES, IA 50266515-412-7123plannerstax.comLinkedIn1-10 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

-18.9% from 2019

Total participants

+40.0% from 2019

Average account balance

$185,262

-32.4% from 2019

Annual return

11.34%

-1.06 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

$1.18M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$122K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+19.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44866

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$446K

$74297 / participant

Other / not subdivided$446K100.0%

% of EOY assets

40.103%

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

$185,262

$165,381+12.0%

$149,730+23.7%

$158,966+16.5%

Participation rate

83.3%

84.6%-1.2pp

82.5%+0.9pp

82.0%+1.4pp

Annual return

11.34%

348.29%-337.0pp

276.70%-265.4pp

302.95%-291.6pp

Employer contribution / active EE

$2,350

$5,104-54.0%

$4,645-49.4%

$4,762-50.6%

Participant deferral / active EE

$2,816

$7,182-60.8%

$6,843-58.9%

$5,983-52.9%

Admin fee / account holder

$74,297

$10,809+587.3%

$9,310+698.0%

$11,250+560.4%

PLANNERS TAX & ACCOUNTING, INC. PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLANNERS TAX & ACCOUNTING, INC. PROFIT SHARING 401K 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