Retirement plan

WILKES & ASSOCIATES, PA 401(K) PLAN

Name: WILKES & MCHUGH, PA - WILKES & ASSOCIATES, PA 401(K) PLAN (2022) Form 5500
Creator: WILKES & MCHUGH, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILKES & ASSOCIATES, PA 401(K) PLAN, WILKES & MCHUGH, PA

WILKES & MCHUGH, PAdba WILKES & ASSOCIATES, P.A.EIN 59-3340923Plan #001PY 2022

1 NORTH DALE MABRY HWY, STE 800 - TAMPA, FL 336092755800-873-0026

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$15.3M

-27.6% from 2021

Total participants

152

-16.9% from 2021

Average account balance

$114,406

-15.1% from 2021

Annual return

-15.13%

-29.42 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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
PFG6 years Filed as: PFG PRIVATE WEALTH MANAGEMENT, LLC Service code 26 18572 N DALE MABRY HWY · LUTZ, FL 33548	Advisory (Participants)	$36,261

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

$40K

$786 / participant

Investment mgmt$36K89.8%
Contract admin$4K10.2%

% of EOY assets

0.261%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,406

$82,678+38.4%

$125,391-8.8%

$68,490+67.0%

Participation rate

64.7%

75.1%-10.4pp

82.4%-17.7pp

67.9%-3.2pp

Annual return

-15.13%

-5.97%-9.2pp

572.41%-587.5pp

-7.85%-7.3pp

Employer contribution / active EE

$4,383

$3,382+29.6%

$4,816-9.0%

$2,597+68.8%

Participant deferral / active EE

$10,356

$6,111+69.5%

$7,448+39.0%

$4,028+157.1%

Admin fee / account holder

$299

$6,277-95.2%

$10,009-97.0%

$5,403-94.5%

Provider

Service type

Compensation

PFG6 years

Filed as: PFG PRIVATE WEALTH MANAGEMENT, LLC

Service code 26

18572 N DALE MABRY HWY · LUTZ, FL 33548

Advisory (Participants)

$36,261

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