Retirement plan

CYTRYN AND VELAZQUEZ PA. 401(K) PROFIT SHARING PLAN

Name: CYTRYN AND VELAZQUEZ PA. - CYTRYN AND VELAZQUEZ PA. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CYTRYN AND VELAZQUEZ PA.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CYTRYN AND VELAZQUEZ PA. 401(K) PROFIT SHARING PLAN, CYTRYN AND VELAZQUEZ PA.

CYTRYN AND VELAZQUEZ PA.EIN 59-2438564Plan #001PY 2020

2825 N. UNIVERSITY DRIVE, SUITE 350 - CORAL SPRINGS, FL 33065954-255-7000

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$1.7M

+20.3% from 2019

Total participants

+11.1% from 2019

Average account balance

$279,554

+0.3% from 2019

Annual return

14.55%

-3.89 pp from 2019

Benchmarks

See 120,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,756 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.81M

Not enough data

1 years with asset history on file

Average account balance

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

$352K

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.02%

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 codes2E2F2J2T3D

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).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$279,554

$165,381+69.0%

$149,730+86.7%

$158,966+75.9%

Participation rate

55.6%

84.6%-29.0pp

82.5%-26.9pp

82.0%-26.4pp

Annual return

14.55%

348.29%-333.7pp

276.70%-262.1pp

302.95%-288.4pp

Employer contribution / active EE

$2,366

$5,104-53.6%

$4,645-49.1%

$4,762-50.3%

Participant deferral / active EE

$6,554

$7,182-8.7%

$6,843-4.2%

$5,983+9.5%

Admin fee / account holder

$10,809-100.0%

$9,310-100.0%

$11,250-100.0%

CYTRYN AND VELAZQUEZ PA. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CYTRYN AND VELAZQUEZ PA. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion