Retirement plan

SELTZER MANAGEMENT GROUP, INC. 401K PROFIT SHARING PLAN

Name: SELTZER MANAGEMENT GROUP, INC. - SELTZER MANAGEMENT GROUP, INC. 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: SELTZER MANAGEMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SELTZER MANAGEMENT GROUP, INC. 401K PROFIT SHARING PLAN, SELTZER MANAGEMENT GROUP, INC.

SELTZER MANAGEMENT GROUP, INC.EIN 59-3025547Plan #001PY 2022

17633 ASHLEY DRIVE - PANAMA CITY BEACH, FL 32413850-233-3616seltzermanagement.comLinkedIn11-50 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7M

-8.4% from 2021

Total participants

+4.2% from 2021

Average account balance

$140,571

-12.1% from 2021

Annual return

-14.30%

-21.39 pp from 2021

Benchmarks

See 3,973 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,973 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.96M

Not enough data

1 years with asset history on file

Average account balance

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

$192K

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.

126.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$759K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+10.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$220K

$6099 / participant

Other / not subdivided$220K100.0%

% of EOY assets

3.124%

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

$140,571

$69,012+103.7%

$160,009-12.1%

$68,486+105.3%

Participation rate

100.0%

65.4%+34.6pp

78.0%+22.0pp

67.9%+32.1pp

Annual return

-14.30%

-9.65%-4.7pp

408.85%-423.1pp

-7.85%-6.4pp

Employer contribution / active EE

$13,355

$2,212+503.6%

$4,225+216.1%

$2,597+414.3%

Participant deferral / active EE

$4,580

$4,212+8.7%

$6,183-25.9%

$4,028+13.7%

Admin fee / account holder

$4,391

$4,798-8.5%

$8,715-49.6%

$5,404-18.7%

SELTZER MANAGEMENT GROUP, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SELTZER MANAGEMENT GROUP, INC. 401K 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