Retirement plan

HERMAN & CORMANY CPA'S A.C. PROFIT SHARING PLAN & TRUST

Name: HERMAN & CORMANY,CPA'S A.C. - HERMAN & CORMANY CPA'S A.C. PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: HERMAN & CORMANY,CPA'S A.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERMAN & CORMANY CPA'S A.C. PROFIT SHARING PLAN & TRUST, HERMAN & CORMANY,CPA'S A.C.

HERMAN & CORMANY,CPA'S A.C.EIN 55-0596200Plan #001PY 2019

8 CAPITOL STREET, STE 600 - CHARLESTON, WV 25301304-345-2320

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$6.8M

-8.3% from 2018

Total participants

0.0% from 2018

Average account balance

$399,547

-8.3% from 2018

Annual return

19.68%

+21.52 pp from 2018

Benchmarks

See 119,329 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,329 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.44M

Not enough data

1 years with asset history on file

Average account balance

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

$429K

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.

129.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+24.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15793

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 codes2E2G2J2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.2M

$140533 / participant

Other / not subdivided$2M100.0%

% of EOY assets

33.104%

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

$399,547

$157,304+154.0%

$141,197+183.0%

$152,909+161.3%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

19.68%

64.34%-44.7pp

71.41%-51.7pp

345.46%-325.8pp

Employer contribution / active EE

$3,012

$5,263-42.8%

$4,736-36.4%

$4,764-36.8%

Participant deferral / active EE

$8,285

$7,111+16.5%

$6,710+23.5%

$5,851+41.6%

Admin fee / account holder

$132,267

$12,126+990.8%

$10,265+1188.5%

$11,601+1040.2%

HERMAN & CORMANY CPA'S A.C. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERMAN & CORMANY CPA'S A.C. PROFIT SHARING PLAN & TRUST

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