Retirement plan

PFA TAX AND ACCOUNTING PROFESSIONALS 401(K) PROFIT SHARING PLAN & TRUST

Name: PFA TAX AND ACCOUNTING PROFESSIONALS - PFA TAX AND ACCOUNTING PROFESSIONALS 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: PFA TAX AND ACCOUNTING PROFESSIONALS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PFA TAX AND ACCOUNTING PROFESSIONALS 401(K) PROFIT SHARING PLAN & TRUST, PFA TAX AND ACCOUNTING PROFESSIONALS

PFA TAX AND ACCOUNTING PROFESSIONALSEIN 45-3503928Plan #001PY 2024

3201 PLEASANT RUN, SUITE C - SPRINGFIELD, IL 62711877-895-0058pfanow.comLinkedIn11-50 employeesaccounting

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.6M

+15.5% from 2023

Total participants

+10.7% from 2023

Average account balance

$201,967

+0.5% from 2023

Annual return

8.92%

-3.86 pp from 2023

Benchmarks

See 143,921 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,921 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.65M

Not enough data

1 years with asset history on file

Average account balance

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

$202K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$337K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+8.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4246

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 codes2E2F2G2J2O2T3D

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$98K

$4069 / participant

Other / not subdivided$98K100.0%

% of EOY assets

2.102%

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

$201,967

$159,978+26.2%

$147,041+37.4%

$145,978+38.4%

Participation rate

66.7%

84.0%-17.3pp

82.2%-15.5pp

80.3%-13.6pp

Annual return

8.92%

98.36%-89.4pp

419.21%-410.3pp

550.52%-541.6pp

Employer contribution / active EE

$7,920

$5,288+49.8%

$4,935+60.5%

$4,662+69.9%

Participant deferral / active EE

$6,134

$8,429-27.2%

$8,071-24.0%

$6,690-8.3%

Admin fee / account holder

$4,246

$15,053-71.8%

$13,006-67.4%

$13,400-68.3%

PFA TAX AND ACCOUNTING PROFESSIONALS 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PFA TAX AND ACCOUNTING PROFESSIONALS 401(K) PROFIT SHARING PLAN & TRUST

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