Retirement plan

PESTA, FINNIE & ASSOCIATES, LLP 401(K) / PROFIT SHARING PLAN

Name: PESTA FINNIE & ASSOCIATES LLP - PESTA, FINNIE & ASSOCIATES, LLP 401(K) / PROFIT SHARING PLAN (2022) Form 5500
Creator: PESTA FINNIE & ASSOCIATES LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PESTA, FINNIE & ASSOCIATES, LLP 401(K) / PROFIT SHARING PLAN, PESTA FINNIE & ASSOCIATES LLP

PESTA FINNIE & ASSOCIATES LLPEIN 56-1761672Plan #001PY 2022

6826 CARNEGIE BLVD - CHARLOTTE, NC 282114379704-909-2251LinkedIn11-50 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.6M

-3.7% from 2021

Total participants

+4.3% from 2021

Average account balance

$186,775

-10.0% from 2021

Annual return

-10.36%

-23.21 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.74M

Not enough data

1 years with asset history on file

Average account balance

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

$192K

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.

141.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$837K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14409

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 codes2E2F2G2J2T3D

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.
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

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

$67K

$1983 / participant

Other / not subdivided$67K100.0%

% of EOY assets

0.785%

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

$186,775

$82,674+125.9%

$125,381+49.0%

$68,486+172.7%

Participation rate

94.1%

75.1%+19.1pp

82.4%+11.7pp

67.9%+26.2pp

Annual return

-10.36%

-5.97%-4.4pp

572.31%-582.7pp

-7.85%-2.5pp

Employer contribution / active EE

$6,152

$3,382+81.9%

$4,815+27.8%

$2,597+136.9%

Participant deferral / active EE

$13,228

$6,111+116.5%

$7,448+77.6%

$4,028+228.4%

Admin fee / account holder

$1,466

$6,277-76.6%

$10,007-85.4%

$5,404-72.9%

PESTA, FINNIE & ASSOCIATES, LLP 401(K) / PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PESTA, FINNIE & ASSOCIATES, LLP 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