Retirement plan

PROFESSIONAL ADVISORY SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: PROFESSIONAL ADVISORY SERVICES INC - PROFESSIONAL ADVISORY SERVICES, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PROFESSIONAL ADVISORY SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL ADVISORY SERVICES, INC. 401(K) PROFIT SHARING PLAN, PROFESSIONAL ADVISORY SERVICES INC

PROFESSIONAL ADVISORY SERVICES INCEIN 59-1743313Plan #002PY 2020

2770 INDIAN RIVER BLVD, STE 204 - VERO BEACH, FL 32960800-847-7274pa-services.comLinkedIn11-50 employeesinvestment management

Other plans on this EIN

1 filing

#003Retirement-$5.3M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$11.4M

-20.3% from 2019

Total participants

0.0% from 2019

Average account balance

$760,280

-20.3% from 2019

Annual return

7.42%

-18.11 pp from 2019

Benchmarks

See 32,149 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,149 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.55M

Not enough data

1 years with asset history on file

Average account balance

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

$968K

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.

107.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$568K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$44K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71640

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 codes2E2J3D

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.
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

$4.4M

$342202 / participant

Other / not subdivided$4M100.0%

% of EOY assets

39.009%

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

$760,280

$197,637+284.7%

$177,848+327.5%

$158,982+378.2%

Participation rate

100.0%

88.5%+11.5pp

87.7%+12.3pp

82.0%+18.0pp

Annual return

7.42%

58.77%-51.3pp

48.33%-40.9pp

302.99%-295.6pp

Employer contribution / active EE

$26,082

$6,698+289.4%

$5,919+340.7%

$4,763+447.6%

Participant deferral / active EE

$10,403

$8,405+23.8%

$7,714+34.9%

$5,983+73.9%

Admin fee / account holder

$296,575

$15,406+1825.1%

$12,431+2285.7%

$11,252+2535.9%

PROFESSIONAL ADVISORY SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL ADVISORY SERVICES, INC. 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