Retirement plan

GEDNEY M. HOWE, III, P.A. MONEY PURCHASE PENSION PLAN

Name: GEDNEY M. HOWE, III, P.A. - GEDNEY M. HOWE, III, P.A. MONEY PURCHASE PENSION PLAN (2024) Form 5500
Creator: GEDNEY M. HOWE, III, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEDNEY M. HOWE, III, P.A. MONEY PURCHASE PENSION PLAN, GEDNEY M. HOWE, III, P.A.

GEDNEY M. HOWE, III, P.A.EIN 57-0722172Plan #002PY 2024

8 CHALMERS STREET - CHARLESTON, SC 294013005843-722-8048

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$11.8M

+13.1% from 2023

Total participants

0.0% from 2023

Average account balance

$1,181,194

-9.5% from 2023

Annual return

12.07%

+0.31 pp from 2023

Benchmarks

See 143,415 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,415 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.81M

Not enough data

1 years with asset history on file

Average account balance

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

$1.2M

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$338K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23759

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 codes2C3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$238K

$26399 / participant

Other / not subdivided$238K100.0%

% of EOY assets

2.011%

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

$1,181,194

$160,070+637.9%

$147,117+702.9%

$145,897+709.6%

Participation rate

100.0%

84.0%+16.0pp

82.2%+17.8pp

80.3%+19.7pp

Annual return

12.07%

98.69%-86.6pp

420.54%-408.5pp

552.29%-540.2pp

Employer contribution / active EE

$37,535

$5,285+610.3%

$4,932+661.0%

$4,663+705.0%

Participant deferral / active EE

$8,419-100.0%

$8,065-100.0%

$6,689-100.0%

Admin fee / account holder

$23,759

$15,035+58.0%

$12,993+82.9%

$13,390+77.4%

GEDNEY M. HOWE, III, P.A. MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEDNEY M. HOWE, III, P.A. MONEY PURCHASE PENSION 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