Retirement plan

VOGEL LAW FIRM 401(K) PROFIT SHARING PLAN

Name: VOGEL LAW FIRM - VOGEL LAW FIRM 401(K) PROFIT SHARING PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#001Retirement-$19.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.1M

-6.7% from 2017

Total participants

125

+6.8% from 2017

Average account balance

$130,219

-12.0% from 2017

Annual return

-5.90%

-23.77 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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 & TRUST3 years Service code 13 · EIN 45-0134280	Contract Administrator	$29,728
MID ATLANTIC CAPITAL CORPORATION3 years Filed as: MID ATLANTIC TRUST COMPANY Service code 19 · EIN 25-1409618	Securities Custodian	$10,705

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

$44K

$418 / participant

Investment mgmt$30K67.1%
Other / not subdivided$15K32.9%

% of EOY assets

0.274%

all-in expense ratio

Categories reported

1 / 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

$130,219

$73,102+78.1%

$123,553+5.4%

$56,289+131.3%

Participation rate

99.1%

74.3%+24.7pp

82.3%+16.8pp

69.9%+29.2pp

Annual return

-5.90%

3.01%-8.9pp

119.21%-125.1pp

-9.96%+4.1pp

Employer contribution / active EE

$3,758

$2,977+26.2%

$4,628-18.8%

$2,111+78.0%

Participant deferral / active EE

$8,561

$5,423+57.9%

$6,426+33.2%

$3,350+155.6%

Admin fee / account holder

$357

$554-35.5%

$9,284-96.2%

$521-31.5%

Provider

Service type

Compensation

FIRST INTERNATIONAL BANK & TRUST3 years

Service code 13 · EIN 45-0134280

Contract Administrator

$29,728

MID ATLANTIC CAPITAL CORPORATION3 years

Filed as: MID ATLANTIC TRUST COMPANY

Service code 19 · EIN 25-1409618

Securities Custodian

$10,705

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