Retirement plan

LOWNDES, DROSDICK, DOSTER, KANTOR & REED P. A. RETIREMENT PLAN

Name: LOWNDES, DROSDICK, DOSTER, KANTOR & REED P.A. - LOWNDES, DROSDICK, DOSTER, KANTOR & REED P. A. RETIREMENT PLAN (2020) Form 5500
Creator: LOWNDES, DROSDICK, DOSTER, KANTOR & REED P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOWNDES, DROSDICK, DOSTER, KANTOR & REED P. A. RETIREMENT PLAN, LOWNDES, DROSDICK, DOSTER, KANTOR & REED P.A.

LOWNDES, DROSDICK, DOSTER, KANTOR & REED P.A.EIN 59-1276118Plan #003PY 2020

P.O. BOX 2809 - ORLANDO, FL 328022809407-843-4600LinkedIn1-10 employees

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$84.6M

+11.0% from 2019

Total participants

220

-4.3% from 2019

Average account balance

$388,227

+14.1% from 2019

Annual return

13.07%

+16.60 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.47M

Not enough data

1 years with asset history on file

Average account balance

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

$455K

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.

201

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+16.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393	Recordkeeping	$62,450
NEWPORT GROUP, INC.2 years Filed as: NEWPORT NEWS GROUP Service code 27 · EIN 59-3099288	Advisory (Plan)	$49,037
WITHUMSMITH+BROWN, PC4 years Filed as: WITHUM SMITH & BROWN Service code 10 · EIN 22-2027092	Accounting	$18,390

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$133K

$855 / participant

Other / not subdivided$133K100.0%

% of EOY assets

0.158%

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: WITHUM SMITH BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$388,227

$99,957+288.4%

$149,745+159.3%

$73,497+428.2%

Participation rate

98.7%

75.7%+23.0pp

82.5%+16.2pp

70.7%+28.0pp

Annual return

13.07%

53.87%-40.8pp

276.72%-263.7pp

28.51%-15.4pp

Employer contribution / active EE

$8,765

$3,191+174.7%

$4,646+88.7%

$2,270+286.1%

Participant deferral / active EE

$9,260

$6,073+52.5%

$6,843+35.3%

$3,740+147.6%

Admin fee / account holder

$612

$551+11.1%

$9,312-93.4%

$513+19.2%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$62,450

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT NEWS GROUP

Service code 27 · EIN 59-3099288

Advisory (Plan)

$49,037

WITHUMSMITH+BROWN, PC4 years

Filed as: WITHUM SMITH & BROWN

Service code 10 · EIN 22-2027092

Accounting

$18,390

LOWNDES, DROSDICK, DOSTER, KANTOR & REED P. A. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOWNDES, DROSDICK, DOSTER, KANTOR & REED P. A. RETIREMENT 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