Retirement plan

FISCHER HOMES 401(K) PROFIT PLUS PLAN AND TRUST

Name: FISCHER MANAGEMENT, LLC - FISCHER HOMES 401(K) PROFIT PLUS PLAN AND TRUST (2023) Form 5500
Creator: FISCHER MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FISCHER HOMES 401(K) PROFIT PLUS PLAN AND TRUST, FISCHER MANAGEMENT, LLC

FISCHER MANAGEMENT, LLCEIN 61-0990213Plan #001PY 2023

3940 OLYMPIC BLVD STE 400 - ERLANGER, KY 41018859-341-4709

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$78.8M

+15.4% from 2022

Total participants

1,022

+5.5% from 2022

Average account balance

$81,699

+13.3% from 2022

Annual return

16.95%

+34.23 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$94.70M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

1,094

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PCA INVESTMENT ADVISORY SERVICES2 years Service code 27 · EIN 59-3766965	Advisory (Plan)	$59,691
PENSION CORPORATION OF AMERICA9+ years Service code 13 · EIN 31-1360674	Contract Administrator	$31,380
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 28 · EIN 82-3967259	Investment Management	$18,596
CHARLES SCHWAB & CO., INC.9+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$110K

$136 / participant

Trustee / custodial$19K17.0%
Investment mgmt$60K54.4%
Other / not subdivided$31K28.6%

% of EOY assets

0.139%

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: CLARK, SCHAEFER, HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,699

$93,010-12.2%

$96,520-15.4%

$74,440+9.8%

Participation rate

92.8%

71.6%+21.3pp

74.3%+18.5pp

70.7%+22.1pp

Annual return

16.95%

37.50%-20.5pp

35.72%-18.8pp

34.37%-17.4pp

Employer contribution / active EE

$8,379

$3,427+144.5%

$3,739+124.1%

$2,638+217.7%

Participant deferral / active EE

$8,268

$3,971+108.2%

$4,879+69.5%

$4,529+82.6%

Admin fee / account holder

$114

$633-82.0%

$6,733-98.3%

$348-67.3%

Provider

Service type

Compensation

PCA INVESTMENT ADVISORY SERVICES2 years

Service code 27 · EIN 59-3766965

Advisory (Plan)

$59,691

PENSION CORPORATION OF AMERICA9+ years

Service code 13 · EIN 31-1360674

Contract Administrator

$31,380

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 28 · EIN 82-3967259

Investment Management

$18,596

CHARLES SCHWAB & CO., INC.9+ years

Service code 59

Shareholder Servicing

FISCHER HOMES 401(K) PROFIT PLUS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISCHER HOMES 401(K) PROFIT PLUS PLAN AND TRUST

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