Retirement plan

SHALOM BARANES ASSOCIATES 401(K) PLAN

Name: SHALOM BARANES ASSOCIATES, P.C. - SHALOM BARANES ASSOCIATES 401(K) PLAN (2019) Form 5500
Creator: SHALOM BARANES ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHALOM BARANES ASSOCIATES 401(K) PLAN, SHALOM BARANES ASSOCIATES, P.C.

SHALOM BARANES ASSOCIATES, P.C.EIN 52-1845924Plan #001PY 2019

1010 WISCONSIN AVE NW, SUITE 900 - WASHINGTON, DC 20007202-342-2200shalombaranes.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$22.5M

+25.9% from 2018

Total participants

170

-8.6% from 2018

Average account balance

$143,340

+25.1% from 2018

Annual return

22.70%

+29.04 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.95M

Not enough data

1 years with asset history on file

Average account balance

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

$301K

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.

192.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$632K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45910

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

Top 2 by compensation

Provider	Service type	Compensation
WITHUMSMITH+BROWN, PC5+ years Filed as: BROWN INVESTMENT ADVISORY Service code 99 · EIN 75-3014089	Other Fees	$58,523
PSI ADVISORS LLC2 years Filed as: PSI INS SERVICES INC Service code 49 ATN SEAN HAVLIN · WALNUT CREEK, CA 94597	Other Services	$9,917

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$60 / participant

Contract admin$7K100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

1 / 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: ARONSON LLC
Auditor EIN: 371611326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,340

$89,652+59.9%

$141,191+1.5%

$65,185+119.9%

Participation rate

88.5%

74.7%+13.8pp

82.5%+6.0pp

70.2%+18.3pp

Annual return

22.70%

32.79%-10.1pp

71.41%-48.7pp

29.38%-6.7pp

Employer contribution / active EE

$544

$3,065-82.2%

$4,736-88.5%

$2,177-75.0%

Participant deferral / active EE

$13,035

$5,691+129.0%

$6,710+94.3%

$3,514+270.9%

Admin fee / account holder

$43

$569-92.4%

$10,264-99.6%

$847-94.9%

Provider

Service type

Compensation

WITHUMSMITH+BROWN, PC5+ years

Filed as: BROWN INVESTMENT ADVISORY

Service code 99 · EIN 75-3014089

Other Fees

$58,523

PSI ADVISORS LLC2 years

Filed as: PSI INS SERVICES INC

Service code 49

ATN SEAN HAVLIN · WALNUT CREEK, CA 94597

Other Services

$9,917

SHALOM BARANES ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHALOM BARANES ASSOCIATES 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