Retirement plan

STAGGERS, HEARE & WHITEMAN, P.A. 401(K) PLAN

Name: STAGGERS, HEARE & WHITEMAN, P.A. - STAGGERS, HEARE & WHITEMAN, P.A. 401(K) PLAN (2022) Form 5500
Creator: STAGGERS, HEARE & WHITEMAN, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAGGERS, HEARE & WHITEMAN, P.A. 401(K) PLAN, STAGGERS, HEARE & WHITEMAN, P.A.

STAGGERS, HEARE & WHITEMAN, P.A.EIN 52-1572164Plan #001PY 2022

11801 UPPER POTOMAC, INDUSTRIAL PARK STREET - CUMBERLAND, MD 21502301-729-3485

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.8M

-15.5% from 2021

Total participants

+5.3% from 2021

Average account balance

$119,219

-19.7% from 2021

Annual return

-16.08%

-35.11 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.94M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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

$269K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$872

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 codes2E2J2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$220K

$6659 / participant

Other / not subdivided$220K100.0%

% of EOY assets

4.608%

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

$119,219

$73,839+61.5%

$143,788-17.1%

$68,495+74.1%

Participation rate

100.0%

66.7%+33.3pp

80.3%+19.7pp

67.9%+32.1pp

Annual return

-16.08%

1.01%-17.1pp

-0.03%-16.0pp

-7.84%-8.2pp

Employer contribution / active EE

$2,273

$3,184-28.6%

$4,952-54.1%

$2,596-12.5%

Participant deferral / active EE

$5,362

$3,384+58.4%

$5,638-4.9%

$4,028+33.1%

Admin fee / account holder

$5,494

$5,755-4.5%

$14,675-62.6%

$5,403+1.7%

STAGGERS, HEARE & WHITEMAN, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAGGERS, HEARE & WHITEMAN, P.A. 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