Retirement plan

HOLMES & SWAFFORD CPAS, PLLC 401(K) PLAN

Name: HOLMES & SWAFFORD CPAS, PLLC - HOLMES & SWAFFORD CPAS, PLLC 401(K) PLAN (2022) Form 5500
Creator: HOLMES & SWAFFORD CPAS, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLMES & SWAFFORD CPAS, PLLC 401(K) PLAN, HOLMES & SWAFFORD CPAS, PLLC

HOLMES & SWAFFORD CPAS, PLLCEIN 45-5353411Plan #001PY 2022

820 N. THOMPSON LANE SUITE 1E - MURFREESBORO, TN 37129615-295-2782holmesswafford.comLinkedIn1-10 employeesaccounting

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$166K

+173.9% from 2021

Total participants

+16.7% from 2021

Average account balance

$27,600

+82.6% from 2021

Annual return

-22.35%

-95.87 pp from 2021

Benchmarks

See 133,909 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,909 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$443K

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$466

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 codes2E2J2F2G3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$352

$59 / participant

Other / not subdivided$352100.0%

% of EOY assets

0.213%

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

$27,600

$138,078-80.0%

$125,363-78.0%

$134,509-79.5%

Participation rate

83.3%

84.5%-1.2pp

82.4%+1.0pp

81.2%+2.1pp

Annual return

-22.35%

750.49%-772.8pp

572.15%-594.5pp

418.13%-440.5pp

Employer contribution / active EE

$8,303

$5,245+58.3%

$4,815+72.4%

$4,741+75.1%

Participant deferral / active EE

$11,473

$7,800+47.1%

$7,447+54.1%

$6,400+79.3%

Admin fee / account holder

$59

$11,566-99.5%

$10,005-99.4%

$11,427-99.5%

HOLMES & SWAFFORD CPAS, PLLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLMES & SWAFFORD CPAS, PLLC 401(K) 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