Retirement plan

INSERO & CO., CPAS, LLP 401(K) PLAN

Name: INSERO & CO., CPAS, LLP - INSERO & CO., CPAS, LLP 401(K) PLAN (2018) Form 5500
Creator: INSERO & CO., CPAS, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSERO & CO., CPAS, LLP 401(K) PLAN, INSERO & CO., CPAS, LLP

INSERO & CO., CPAS, LLPEIN 47-5324570Plan #001PY 2018

2 STATE STREET, SUITE 300 - ROCHESTER, NY 14614585-454-6996

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$12.3M

-4.8% from 2017

Total participants

164

+3.1% from 2017

Average account balance

$77,182

-8.4% from 2017

Annual return

-9.04%

-21.38 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.61M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

175

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$640

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 3 by compensation

Provider	Service type	Compensation
INSERO & CO. CPAS, LLP3+ years Filed as: INSERO WEALTH STRATEGIES, LLC Service code 27 23 WHISPERWOOD DR · VICTOR, NY 14564	Advisory (Plan)	$51,005
USI CONSULTING GROUP3+ years Filed as: BURKE GROUP Service code 15 · EIN 80-0688755	Recordkeeping	$45,621
JEFFREY L. OFFHAUS CPA, LLC2 years Service code 10 · EIN 20-2368569	Accounting	$7,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

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

$104K

$779 / participant

Investment mgmt$51K49.2%
Contract admin$46K44.0%
Other / not subdivided$7K6.8%

% of EOY assets

0.844%

all-in expense ratio

Categories reported

2 / 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: JEFFREY L. OFFHAUS CPA, LLC.
Auditor EIN: 202368569
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,182

$73,102+5.6%

$123,553-37.5%

$56,289+37.1%

Participation rate

96.2%

74.3%+21.9pp

82.3%+13.9pp

69.9%+26.4pp

Annual return

-9.04%

3.01%-12.0pp

119.21%-128.2pp

-9.96%+0.9pp

Employer contribution / active EE

$1,195

$2,977-59.9%

$4,628-74.2%

$2,111-43.4%

Participant deferral / active EE

$7,420

$5,423+36.8%

$6,426+15.5%

$3,350+121.5%

Admin fee / account holder

$652

$554+17.7%

$9,284-93.0%

$521+25.1%

Provider

Service type

Compensation

INSERO & CO. CPAS, LLP3+ years

Filed as: INSERO WEALTH STRATEGIES, LLC

Service code 27

23 WHISPERWOOD DR · VICTOR, NY 14564

Advisory (Plan)

$51,005

USI CONSULTING GROUP3+ years

Filed as: BURKE GROUP

Service code 15 · EIN 80-0688755

Recordkeeping

$45,621

JEFFREY L. OFFHAUS CPA, LLC2 years

Service code 10 · EIN 20-2368569

Accounting

$7,000

INSERO & CO., CPAS, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSERO & CO., CPAS, LLP 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