Retirement plan

WANCOWICZ & ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Name: WANCOWICZ & ASSOCIATES, P.A. - WANCOWICZ & ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: WANCOWICZ & ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WANCOWICZ & ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN, WANCOWICZ & ASSOCIATES, P.A.

WANCOWICZ & ASSOCIATES, P.A.EIN 52-2332056Plan #001PY 2023

11350 MCCORMICK RD EP3 SUITE 406 - HUNT VALLEY, MD 21031410-771-6510wraccounting.comLinkedIn1-10 employeesaccounting

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.3M

+20.3% from 2022

Total participants

-20.0% from 2022

Average account balance

No prior year

Annual return

16.37%

+30.10 pp from 2022

Benchmarks

See 139,766 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,766 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.80M

Not enough data

1 years with asset history on file

Average account balance

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

$467K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$20K

$4949 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.854%

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

$148,623-100.0%

$135,974-100.0%

$139,466-100.0%

Participation rate

0.0%

83.9%-83.9pp

81.9%-81.9pp

80.3%-80.3pp

Annual return

16.37%

79.30%-62.9pp

68.30%-51.9pp

373.66%-357.3pp

Employer contribution / active EE

$3,679

$5,246-29.9%

$4,859-24.3%

$4,754-22.6%

Participant deferral / active EE

$19,672

$8,103+142.8%

$7,760+153.5%

$6,712+193.1%

Admin fee / account holder

$12,406-100.0%

$10,767-100.0%

$11,409-100.0%

WANCOWICZ & ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WANCOWICZ & ASSOCIATES, P.A. 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