Retirement plan

LAW OFFICES OF RICHARD W. NORRIS, P.A. EMPLOYEES' RETIREMENT PLAN

Name: LAW OFFICES OF RICHARD W. NORRIS, P.A. - LAW OFFICES OF RICHARD W. NORRIS, P.A. EMPLOYEES' RETIREMENT PLAN (2020) Form 5500
Creator: LAW OFFICES OF RICHARD W. NORRIS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAW OFFICES OF RICHARD W. NORRIS, P.A. EMPLOYEES' RETIREMENT PLAN, LAW OFFICES OF RICHARD W. NORRIS, P.A.

LAW OFFICES OF RICHARD W. NORRIS, P.A.EIN 59-3217951Plan #001PY 2020

7651 ASHLEY PARK COURT, SUITE 402A - ORLANDO, FL 32835407-294-4100

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+34.2% from 2019

Total participants

-15.4% from 2019

Average account balance

$80,928

+58.6% from 2019

Annual return

21.04%

+2.57 pp from 2019

Benchmarks

See 16,003 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort16,003 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.04M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$197K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1209

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 codes2E2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the 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

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

$49K

$2582 / participant

Other / not subdivided$49K100.0%

% of EOY assets

2.755%

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

$80,928

$228,352-64.6%

$185,835-56.5%

$158,966-49.1%

Participation rate

100.0%

82.3%+17.7pp

78.0%+22.0pp

82.0%+18.0pp

Annual return

21.04%

40.81%-19.8pp

35.96%-14.9pp

302.95%-281.9pp

Employer contribution / active EE

$6,685

$4,967+34.6%

$4,087+63.5%

$4,762+40.4%

Participant deferral / active EE

$4,701

$6,416-26.7%

$5,633-16.5%

$5,983-21.4%

Admin fee / account holder

$2,230

$11,867-81.2%

$9,502-76.5%

$11,250-80.2%

LAW OFFICES OF RICHARD W. NORRIS, P.A. EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAW OFFICES OF RICHARD W. NORRIS, P.A. EMPLOYEES' 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