Retirement plan

ROY PARK, A PROFESSIONAL LAW CORPORATION 401(K) PROFIT SHARING PLAN

Name: ROY PARK, A PROFESSIONAL LAW CORPORATION - ROY PARK, A PROFESSIONAL LAW CORPORATION 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ROY PARK, A PROFESSIONAL LAW CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROY PARK, A PROFESSIONAL LAW CORPORATION 401(K) PROFIT SHARING PLAN, ROY PARK, A PROFESSIONAL LAW CORPORATION

ROY PARK, A PROFESSIONAL LAW CORPORATIONEIN 45-2849021Plan #001PY 2020

3350 E. BIRCH STREET, SUITE 205 - BREA, CA 92821714-494-1902

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.1M

+47.0% from 2019

Total participants

+17.4% from 2019

Average account balance

$57,828

+47.0% from 2019

Annual return

14.66%

-12.09 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

$3.14M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$498K

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

+32.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8514

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$5K

$221 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.462%

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

$57,828

$165,381-65.0%

$149,730-61.4%

$158,966-63.6%

Participation rate

65.2%

84.6%-19.4pp

82.5%-17.3pp

82.0%-16.7pp

Annual return

14.66%

348.29%-333.6pp

276.70%-262.0pp

302.95%-288.3pp

Employer contribution / active EE

$3,409

$5,104-33.2%

$4,645-26.6%

$4,762-28.4%

Participant deferral / active EE

$7,325

$7,182+2.0%

$6,843+7.1%

$5,983+22.4%

Admin fee / account holder

$267

$10,809-97.5%

$9,310-97.1%

$11,250-97.6%

ROY PARK, A PROFESSIONAL LAW CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROY PARK, A PROFESSIONAL LAW CORPORATION 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