Retirement plan

HEROLD & SAGER, 401(K) PROFIT SHARING PLAN

Name: HEROLD & SAGER, ATTORNEYS AT LAW, A PROFESSIONAL LAW CORPORA - HEROLD & SAGER, 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: HEROLD & SAGER, ATTORNEYS AT LAW, A PROFESSIONAL LAW CORPORA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEROLD & SAGER, 401(K) PROFIT SHARING PLAN, HEROLD & SAGER, ATTORNEYS AT LAW, A PROFESSIONAL LAW CORPORA

HEROLD & SAGER, ATTORNEYS AT LAW, A PROFESSIONAL LAW CORPORAEIN 48-1278984Plan #001PY 2018

550 SECOND STREET, SUITE 200 - ENCINITAS, CA 92024760-487-1047heroldsagerlaw.comLinkedIn11-50 employeeslegal services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+3.5% from 2017

Total participants

+10.8% from 2017

Average account balance

$98,686

-9.5% from 2017

Annual return

-7.65%

-27.62 pp from 2017

Benchmarks

See 25,536 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,536 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.59M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

140.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$707K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+14.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42960

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

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

$33K

$1099 / participant

Other / not subdivided$33K100.0%

% of EOY assets

0.835%

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

$98,686

$77,816+26.8%

$123,552-20.1%

$64,173+53.8%

Participation rate

96.7%

74.7%+22.0pp

82.3%+14.4pp

69.6%+27.1pp

Annual return

-7.65%

12.49%-20.1pp

119.20%-126.9pp

7.63%-15.3pp

Employer contribution / active EE

$5,397

$3,014+79.0%

$4,628+16.6%

$2,381+126.7%

Participant deferral / active EE

$8,728

$5,240+66.6%

$6,426+35.8%

$3,470+151.6%

Admin fee / account holder

$824

$5,519-85.1%

$9,285-91.1%

$4,887-83.1%

HEROLD & SAGER, 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEROLD & SAGER, 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