Retirement plan

SIMPSON VETERINARY SERVICES RETIREMENT PLAN

Name: SIMPSON VETERINARY SERVICES, PLLC - SIMPSON VETERINARY SERVICES RETIREMENT PLAN (2020) Form 5500
Creator: SIMPSON VETERINARY SERVICES, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMPSON VETERINARY SERVICES RETIREMENT PLAN, SIMPSON VETERINARY SERVICES, PLLC

SIMPSON VETERINARY SERVICES, PLLCEIN 45-4517075Plan #001PY 2020

116 STEPHENSON MILL ROAD - WALTON, KY 41094859-485-6555LinkedIn1-10 employeesresearch

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$383K

+49.4% from 2019

Total participants

+28.6% from 2019

Average account balance

$47,873

+30.7% from 2019

Annual return

25.66%

-4.37 pp from 2019

Benchmarks

See 120,796 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,796 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$965K

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

106.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2439

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 codes2E2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$47,873

$165,351-71.0%

$149,710-68.0%

$158,931-69.9%

Participation rate

85.7%

84.6%+1.1pp

82.5%+3.2pp

82.0%+3.8pp

Annual return

25.66%

348.19%-322.5pp

276.63%-251.0pp

302.86%-277.2pp

Employer contribution / active EE

$1,578

$5,103-69.1%

$4,645-66.0%

$4,761-66.9%

Participant deferral / active EE

$7,123

$7,181-0.8%

$6,842+4.1%

$5,982+19.1%

Admin fee / account holder

$10,807-100.0%

$9,309-100.0%

$11,247-100.0%

SIMPSON VETERINARY SERVICES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SIMPSON VETERINARY SERVICES RETIREMENT PLAN

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