Retirement plan

FAULKNER AND THOMPSON, P.A. SAFE HARBOR 401(K) PROFIT SHARING PLAN

Name: FAULKNER AND THOMPSON, P.A. - FAULKNER AND THOMPSON, P.A. SAFE HARBOR 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: FAULKNER AND THOMPSON, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAULKNER AND THOMPSON, P.A. SAFE HARBOR 401(K) PROFIT SHARING PLAN, FAULKNER AND THOMPSON, P.A.

FAULKNER AND THOMPSON, P.A.EIN 56-1913029Plan #001PY 2018

226 NORTHPARK DRIVE, SUITE 110 - ROCK HILL, SC 29730803-324-3160fandt.bizLinkedIn1-10 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+6.5% from 2017

Total participants

-14.3% from 2017

Average account balance

$204,509

+24.2% from 2017

Annual return

0.95%

-3.19 pp from 2017

Benchmarks

See 116,760 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort116,760 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.53%

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$13K

$2611 / participant

Other / not subdivided$13K100.0%

% of EOY assets

1.064%

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

$204,509

$138,072+48.1%

$123,549+65.5%

$135,382+51.1%

Participation rate

100.0%

84.7%+15.3pp

82.3%+17.7pp

82.6%+17.4pp

Annual return

0.95%

153.69%-152.7pp

119.20%-118.3pp

519.77%-518.8pp

Employer contribution / active EE

$2,788

$5,152-45.9%

$4,628-39.8%

$4,779-41.7%

Participant deferral / active EE

$12,550

$6,799+84.6%

$6,426+95.3%

$5,609+123.8%

Admin fee / account holder

$2,176

$10,917-80.1%

$9,284-76.6%

$10,829-79.9%

FAULKNER AND THOMPSON, P.A. SAFE HARBOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAULKNER AND THOMPSON, P.A. SAFE HARBOR 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