Retirement plan

WILKES & ASSOCIATES, PA 401(K) PLAN

Name: THE WILKES FIRM, P.A. - WILKES & ASSOCIATES, PA 401(K) PLAN (2021) Form 5500
Creator: THE WILKES FIRM, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILKES & ASSOCIATES, PA 401(K) PLAN, THE WILKES FIRM, P.A.

THE WILKES FIRM, P.A.dba WILKES & ASSOCIATES, P.A.EIN 59-3340923Plan #001PY 2021

1 NORTH DALE MABRY HWY, STE 800 - TAMPA, FL 336092755813-873-0026

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$21.2M

+10.9% from 2020

Total participants

183

-10.7% from 2020

Average account balance

$134,789

+20.1% from 2020

Annual return

14.29%

+0.48 pp from 2020

Benchmarks

See 27,004 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,004 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.83M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

233.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$451K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$60503

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

Top 1 by compensation

Provider	Service type	Compensation
PFG5 years Filed as: PFG PRIVATE WEALTH MANAGEMENT, LLC Service code 26 18572 N DALE MABRY HWY · LUTZ, FL 33548	Advisory (Participants)	$39,147

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$43K

$511 / participant

Investment mgmt$39K90.1%
Contract admin$4K9.9%

% of EOY assets

0.205%

all-in expense ratio

Categories reported

2 / 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: THOMAS CRAIG & COMPANY, LLP
Auditor EIN: 591027527
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,789

$105,200+28.1%

$159,474-15.5%

$85,847+57.0%

Participation rate

69.4%

75.8%-6.4pp

82.8%-13.4pp

69.3%+0.1pp

Annual return

14.29%

45.08%-30.8pp

263.68%-249.4pp

318.61%-304.3pp

Employer contribution / active EE

$3,516

$3,319+6.0%

$4,831-27.2%

$2,565+37.1%

Participant deferral / active EE

$7,430

$5,946+25.0%

$7,353+1.1%

$3,952+88.0%

Admin fee / account holder

$277

$6,934-96.0%

$10,802-97.4%

$6,261-95.6%

Provider

Service type

Compensation

PFG5 years

Filed as: PFG PRIVATE WEALTH MANAGEMENT, LLC

Service code 26

18572 N DALE MABRY HWY · LUTZ, FL 33548

Advisory (Participants)

$39,147

WILKES & ASSOCIATES, PA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILKES & ASSOCIATES, PA 401(K) 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