Retirement plan

JERRY THOMPSON & SONS PAINTING, INC. PROFIT-SHARING PLAN

Name: JERRY THOMPSON & SONS PAINTING, INC. - JERRY THOMPSON & SONS PAINTING, INC. PROFIT-SHARING PLAN (2023) Form 5500
Creator: JERRY THOMPSON & SONS PAINTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JERRY THOMPSON & SONS PAINTING, INC. PROFIT-SHARING PLAN, JERRY THOMPSON & SONS PAINTING, INC.

JERRY THOMPSON & SONS PAINTING, INC.EIN 68-0327698Plan #001PY 2023

3 SIMMS STREET - SAN RAFAEL, CA 949015414415-454-1500

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$12.6M

+18.7% from 2022

Total participants

-12.5% from 2022

Average account balance

$448,494

+35.7% from 2022

Annual return

12.59%

+21.28 pp from 2022

Benchmarks

See 51,572 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,572 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.80M

Not enough data

1 years with asset history on file

Average account balance

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

$493K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$868K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$41K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12202

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 codes2E2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$205K

$9779 / participant

Other / not subdivided$205K100.0%

% of EOY assets

1.635%

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

$448,494

$106,247+322.1%

$96,515+364.7%

$139,466+221.6%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

12.59%

38.47%-25.9pp

35.73%-23.1pp

373.66%-361.1pp

Employer contribution / active EE

$22,763

$4,106+454.4%

$3,740+508.7%

$4,754+378.8%

Participant deferral / active EE

$13,974

$5,456+156.1%

$4,880+186.4%

$6,712+108.2%

Admin fee / account holder

$7,334

$7,885-7.0%

$6,735+8.9%

$11,409-35.7%

JERRY THOMPSON & SONS PAINTING, INC. PROFIT-SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JERRY THOMPSON & SONS PAINTING, INC. PROFIT-SHARING 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