Retirement plan

PIERSON, SHAWN LAW OFFICE OF 401(K) PSP

Name: LAW OFFICE OF SHAWN PIERSON - PIERSON, SHAWN LAW OFFICE OF 401(K) PSP (2017) Form 5500
Creator: LAW OFFICE OF SHAWN PIERSON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIERSON, SHAWN LAW OFFICE OF 401(K) PSP, LAW OFFICE OF SHAWN PIERSON

LAW OFFICE OF SHAWN PIERSONEIN 43-1990155Plan #004PY 2017

105 E OREGON RD - LITITZ, PA 17543717-799-5645piersonelderlaw.comLinkedIn1-10 employeeslaw practice

Prospect flagsLow returnsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$362K

+59.6% from 2015

Total participants

+100.0% from 2015

Average account balance

$361,997

+59.6% from 2015

Annual return

0.32%

-10.57 pp from 2015

Benchmarks

See 114,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,331 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$159K

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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

$94K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+172.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3607

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 codes2F2G2T3D2E2J2R

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.

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

$361,997

$150,442+140.6%

$136,295+165.6%

$147,585+145.3%

Participation rate

50.0%

84.4%-34.4pp

81.9%-31.9pp

82.8%-32.8pp

Annual return

0.32%

1049.09%-1048.8pp

5155.97%-5155.7pp

578.56%-578.2pp

Employer contribution / active EE

$20,592

$5,256+291.8%

$4,695+338.6%

$4,876+322.3%

Participant deferral / active EE

$12,000

$6,630+81.0%

$6,247+92.1%

$5,439+120.6%

Admin fee / account holder

$10,905-100.0%

$9,243-100.0%

$10,885-100.0%

PIERSON, SHAWN LAW OFFICE OF 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PIERSON, SHAWN LAW OFFICE OF 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion