Retirement plan

COLE, SCOTT & KISSANE, PA 401(K) PLAN

Name: COLE, SCOTT & KISSANE, PA - COLE, SCOTT & KISSANE, PA 401(K) PLAN (2019) Form 5500
Creator: COLE, SCOTT & KISSANE, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLE, SCOTT & KISSANE, PA 401(K) PLAN, COLE, SCOTT & KISSANE, PA

COLE, SCOTT & KISSANE, PAEIN 62-0792149Plan #001PY 2019

9150 SOUTH DADELAND BLVD, STE 1400, SUITE 1400 - MIAMI, FL 33156305-350-5300csklegal.comLinkedIn501-1000 employeeslaw practice

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$22.8M

+42.3% from 2018

Total participants

1,172

+20.7% from 2018

Average account balance

$22,938

+9.2% from 2018

Annual return

25.70%

+32.70 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$59.33M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

1,345

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 2 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP3+ years Filed as: THE PENSION STUDIO Service code 15 · EIN 54-2154380	Recordkeeping	$9,721
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346	Recordkeeping	$908

Plan features & details

Pension benefit codes2E2F2G2J2M2S2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$83K

$94 / participant

Investment mgmt$13K15.5%
Contract admin$58K69.8%
Other / not subdivided$12K14.7%

% of EOY assets

0.365%

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: MORRISON BROWN ARGIZ & FARRA LLC
Auditor EIN: 010720052
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,938

$88,122-74.0%

$141,197-83.8%

$67,582-66.1%

Participation rate

79.7%

76.5%+3.2pp

82.5%-2.8pp

71.3%+8.4pp

Annual return

25.70%

75.40%-49.7pp

71.41%-45.7pp

378.57%-352.9pp

Employer contribution / active EE

$621

$3,224-80.7%

$4,736-86.9%

$2,148-71.1%

Participant deferral / active EE

$3,948

$5,958-33.7%

$6,710-41.2%

$3,539+11.5%

Admin fee / account holder

$84

$131-36.0%

$10,265-99.2%

$142-41.1%

Provider

Service type

Compensation

PENSION ASSURANCE LLP3+ years

Filed as: THE PENSION STUDIO

Service code 15 · EIN 54-2154380

Recordkeeping

$9,721

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

Recordkeeping

$908

COLE, SCOTT & KISSANE, PA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLE, SCOTT & KISSANE, 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