Retirement plan

SCHRAAD & ASSOCIATES-SALES/MARKETING, INC. 401(K)

Name: SCHRAAD & ASSOCIATES-SALES/MARKETING, INC. - SCHRAAD & ASSOCIATES-SALES/MARKETING, INC. 401(K) (2020) Form 5500
Creator: SCHRAAD & ASSOCIATES-SALES/MARKETING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHRAAD & ASSOCIATES-SALES/MARKETING, INC. 401(K), SCHRAAD & ASSOCIATES-SALES/MARKETING, INC.

SCHRAAD & ASSOCIATES-SALES/MARKETING, INC.EIN 47-1568101Plan #001PY 2020

10 NW 6TH ST - OKLAHOMA CITY, OK 73102405-528-3327LinkedIn51-200 employeescomputer software

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.1M

+24.6% from 2019

Total participants

152

-1.9% from 2019

Average account balance

$46,661

+19.8% from 2019

Annual return

14.56%

-7.97 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.82M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

163

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.

86.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 17 3024 CORNWALL PL · OKLAHOMA CITY, OK 73120	Pension Consulting	$12,000
FINLEY & COOK1 year Service code 10 · EIN 73-0604334	Accounting	$8,000
TRISTAR PENSION LTD1 year Service code 10 · EIN 73-1553813	Accounting	$6,886
AMERICAN FUNDS1 year Filed as: CAPITAL BANK AND TRUST COMPANY Service code 15 · EIN 95-6817943	Recordkeeping	$1,475

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$3K

$21 / participant

Contract admin$3K100.0%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FINLEY & COOK, PLLC
Auditor EIN: 730604334
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,661

$81,474-42.7%

$133,971-65.2%

$73,493-36.5%

Participation rate

84.4%

76.4%+8.0pp

79.8%+4.6pp

70.7%+13.7pp

Annual return

14.56%

19.40%-4.8pp

45.09%-30.5pp

28.51%-14.0pp

Employer contribution / active EE

$1,940

$2,209-12.2%

$3,919-50.5%

$2,270-14.6%

Participant deferral / active EE

$4,315

$3,786+14.0%

$5,047-14.5%

$3,740+15.4%

Admin fee / account holder

$23

$713-96.8%

$8,929-99.7%

$513-95.6%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 17

3024 CORNWALL PL · OKLAHOMA CITY, OK 73120

Pension Consulting

$12,000

FINLEY & COOK1 year

Service code 10 · EIN 73-0604334

Accounting

$8,000

TRISTAR PENSION LTD1 year

Service code 10 · EIN 73-1553813

Accounting

$6,886

AMERICAN FUNDS1 year

Filed as: CAPITAL BANK AND TRUST COMPANY

Service code 15 · EIN 95-6817943

Recordkeeping

$1,475

SCHRAAD & ASSOCIATES-SALES/MARKETING, INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHRAAD & ASSOCIATES-SALES/MARKETING, INC. 401(K)

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