Retirement plan

FORMIDABLE ASSET MANAGEMENT 401(K) AND PROFIT SHARING PLAN

Name: FORMIDABLE ASSET MANAGEMENT - FORMIDABLE ASSET MANAGEMENT 401(K) AND PROFIT SHARING PLAN (2019) Form 5500
Creator: FORMIDABLE ASSET MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORMIDABLE ASSET MANAGEMENT 401(K) AND PROFIT SHARING PLAN, FORMIDABLE ASSET MANAGEMENT

FORMIDABLE ASSET MANAGEMENTEIN 46-2376509Plan #001PY 2019

221 EAST FOURTH STREET, SUITE 2850 - CINCINNATI, OH 45202513-655-5566formidableam.comLinkedIn11-50 employeesfinancial services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$270K

+4.2% from 2018

Total participants

+10.0% from 2018

Average account balance

$33,781

+17.3% from 2018

Annual return

9.43%

+18.18 pp from 2018

Benchmarks

See 31,991 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,991 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.28M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$258K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+0.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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 codes2E2G2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

2 tripped

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

$88K

$8780 / participant

Other / not subdivided$88K100.0%

% of EOY assets

32.488%

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

$33,781

$183,988-81.6%

$162,177-79.2%

$152,897-77.9%

Participation rate

70.0%

88.5%-18.5pp

87.6%-17.6pp

82.5%-12.5pp

Annual return

9.43%

150.79%-141.4pp

115.60%-106.2pp

345.43%-336.0pp

Employer contribution / active EE

$3,359

$6,370-47.3%

$5,613-40.2%

$4,764-29.5%

Participant deferral / active EE

$4,071

$8,032-49.3%

$7,297-44.2%

$5,851-30.4%

Admin fee / account holder

$10,975

$13,123-16.4%

$10,843+1.2%

$11,599-5.4%

FORMIDABLE ASSET MANAGEMENT 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORMIDABLE ASSET MANAGEMENT 401(K) AND 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