Retirement plan

PATTON AND COMPANY CPAS 401(K) PROFIT SHARING PLAN

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

PATTON AND COMPANY CPASEIN 47-1934839Plan #001PY 2019

2040 WEST END AVENUE - POTTSVILLE, PA 17901570-581-8095LinkedIn1-10 employeesaccounting

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$227K

+33.2% from 2018

Total participants

-18.2% from 2018

Average account balance

$25,195

+62.8% from 2018

Annual return

12.80%

+20.10 pp from 2018

Benchmarks

See 119,339 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,339 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$536K

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$65K

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

+8.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$493

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 codes2F2G2J3B3D

Plan features

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$423 / participant

Other / not subdivided$3K100.0%

% of EOY assets

1.118%

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

$25,195

$157,296-84.0%

$141,191-82.2%

$152,897-83.5%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

12.80%

64.34%-51.5pp

71.41%-58.6pp

345.43%-332.6pp

Employer contribution / active EE

$1,810

$5,262-65.6%

$4,736-61.8%

$4,764-62.0%

Participant deferral / active EE

$4,257

$7,111-40.1%

$6,710-36.6%

$5,851-27.2%

Admin fee / account holder

$282

$12,125-97.7%

$10,264-97.3%

$11,599-97.6%

PATTON AND COMPANY CPAS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PATTON AND COMPANY CPAS 401(K) 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