Retirement plan

VOGEL LAW FIRM 401(K) PROFIT SHARING PLAN

Name: VOGEL LAW FIRM - VOGEL LAW FIRM 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: VOGEL LAW FIRM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VOGEL LAW FIRM 401(K) PROFIT SHARING PLAN, VOGEL LAW FIRM

VOGEL LAW FIRMEIN 45-0348495Plan #002PY 2017

218 NP AVENUE - FARGO, ND 58102701-237-6983vogellaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$21.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.3M

+19.3% from 2016

Total participants

117

-7.9% from 2016

Average account balance

$147,969

+28.5% from 2016

Annual return

17.87%

+4.89 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.18M

Not enough data

1 years with asset history on file

Average account balance

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

$395K

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.

122

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$555

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIRST INTERNATIONAL BANK & TRUST2 years Service code 13 · EIN 45-0134280	Contract Administrator	$33,325
MID ATLANTIC CAPITAL CORPORATION2 years Filed as: MID ATLANTIC TRUST COMPANY Service code 19 · EIN 25-1409618	Securities Custodian	$9,312

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$45K

$581 / participant

Investment mgmt$29K65.0%
Contract admin$16K35.0%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EIDE BALLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,969

$85,766+72.5%

$136,298+8.6%

$70,126+111.0%

Participation rate

100.0%

74.2%+25.8pp

81.9%+18.1pp

69.5%+30.5pp

Annual return

17.87%

31.46%-13.6pp

5156.27%-5138.4pp

73.15%-55.3pp

Employer contribution / active EE

$7,524

$2,966+153.7%

$4,696+60.2%

$2,343+221.2%

Participant deferral / active EE

$8,358

$5,051+65.5%

$6,247+33.8%

$3,332+150.9%

Admin fee / account holder

$388

$5,421-92.8%

$9,244-95.8%

$4,645-91.7%

Provider

Service type

Compensation

FIRST INTERNATIONAL BANK & TRUST2 years

Service code 13 · EIN 45-0134280

Contract Administrator

$33,325

MID ATLANTIC CAPITAL CORPORATION2 years

Filed as: MID ATLANTIC TRUST COMPANY

Service code 19 · EIN 25-1409618

Securities Custodian

$9,312

VOGEL LAW FIRM 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VOGEL LAW FIRM 401(K) 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