Retirement plan

JON BARRY & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: JON BARRY & ASSOCIATES, INC. DBA PARAGON REVENUE GROUP - JON BARRY & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: JON BARRY & ASSOCIATES, INC. DBA PARAGON REVENUE GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JON BARRY & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, JON BARRY & ASSOCIATES, INC. DBA PARAGON REVENUE GROUP

JON BARRY & ASSOCIATES, INC. DBA PARAGON REVENUE GROUPEIN 56-1543902Plan #001PY 2017

P.O. BOX 127 - CONCORD, NC 28026704-723-4250LinkedIn51-200 employeesindividual & family services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.1M

+18.9% from 2016

Total participants

103

0.0% from 2016

Average account balance

$41,723

+23.7% from 2016

Annual return

14.01%

+7.43 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.38M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

112.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$358K

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5988

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
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO BANK, N. A. Service code 15 · EIN 94-1247393	Recordkeeping	$47,210
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS WBS Service code 27 · EIN 56-0898180	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$49K

$508 / participant

Other / not subdivided$49K100.0%

% of EOY assets

1.557%

all-in expense ratio

Categories reported

0 / 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: PARSONS CPA, PLLC
Auditor EIN: 274214364
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,723

$85,766-51.4%

$136,298-69.4%

$70,126-40.5%

Participation rate

70.8%

74.2%-3.3pp

81.9%-11.1pp

69.5%+1.3pp

Annual return

14.01%

31.46%-17.4pp

5156.27%-5142.3pp

73.15%-59.1pp

Employer contribution / active EE

$1,296

$2,966-56.3%

$4,696-72.4%

$2,343-44.7%

Participant deferral / active EE

$2,204

$5,051-56.4%

$6,247-64.7%

$3,332-33.8%

Admin fee / account holder

$650

$5,421-88.0%

$9,244-93.0%

$4,645-86.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO BANK, N. A.

Service code 15 · EIN 94-1247393

Recordkeeping

$47,210

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS WBS

Service code 27 · EIN 56-0898180

Advisory (Plan)

JON BARRY & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JON BARRY & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND 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