Retirement plan

PERRY COLLETTI CPAS, P.C. 401(K) PROFIT SHARING PLAN

Name: SCOTTO & MELCHIORRE GROUP, LLC - PERRY COLLETTI CPAS, P.C. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SCOTTO & MELCHIORRE GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERRY COLLETTI CPAS, P.C. 401(K) PROFIT SHARING PLAN, SCOTTO & MELCHIORRE GROUP, LLC

SCOTTO & MELCHIORRE GROUP, LLCEIN 47-4869995Plan #001PY 2017

300 CORPORATE PLZ - ISLANDIA, NY 117491519516-843-0219

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$352K

No prior year

Total participants

No prior year

Average account balance

$58,739

No prior year

Annual return

10.95%

No prior year

Benchmarks

See 114,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,331 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.55M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

103.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$398K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+17.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3097

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 codes2E2F2G2J3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$190K

$27178 / participant

Other / not subdivided$190K100.0%

% of EOY assets

53.981%

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

$58,739

$150,442-61.0%

$136,295-56.9%

$147,585-60.2%

Participation rate

71.4%

84.4%-13.0pp

81.9%-10.5pp

82.8%-11.4pp

Annual return

10.95%

1049.09%-1038.1pp

5155.97%-5145.0pp

578.56%-567.6pp

Employer contribution / active EE

$1,982

$5,256-62.3%

$4,695-57.8%

$4,876-59.4%

Participant deferral / active EE

$8,743

$6,630+31.9%

$6,247+40.0%

$5,439+60.8%

Admin fee / account holder

$31,708

$10,905+190.7%

$9,243+243.0%

$10,885+191.3%

PERRY COLLETTI CPAS, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERRY COLLETTI CPAS, P.C. 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