Retirement plan

DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS 401K PROFIT SHARING PLAN

Name: DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS - DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS 401K PROFIT SHARING PLAN (2021) Form 5500
Creator: DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS 401K PROFIT SHARING PLAN, DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS

DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTSEIN 68-0457217Plan #001PY 2021

1100 SONOMA AVE SUITE E-2 - SANTA ROSA, CA 95405707-527-9465

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$1.8M

-19.4% from 2020

Total participants

0.0% from 2020

Average account balance

$295,108

-19.4% from 2020

Annual return

14.57%

+3.34 pp from 2020

Benchmarks

See 126,134 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,134 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.03M

Not enough data

1 years with asset history on file

Average account balance

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

$606K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+17.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$814K

$162733 / participant

Other / not subdivided$814K100.0%

% of EOY assets

45.953%

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

$295,108

$176,077+67.6%

$159,455+85.1%

$167,518+76.2%

Participation rate

100.0%

84.9%+15.1pp

82.8%+17.2pp

82.1%+17.9pp

Annual return

14.57%

331.83%-317.3pp

263.63%-249.1pp

478.71%-464.1pp

Employer contribution / active EE

$1,762

$5,298-66.7%

$4,830-63.5%

$4,838-63.6%

Participant deferral / active EE

$11,795

$7,751+52.2%

$7,353+60.4%

$6,342+86.0%

Admin fee / account holder

$135,611

$12,556+980.0%

$10,800+1155.6%

$12,312+1001.4%

DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUANE J PHILLIPS INC CERTIFIED PUBLIC ACCOUNTANTS 401K 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