Retirement plan

FADDUOL,CLUFF, HARDY & CONAWAY, P.C 401(K) PROFIT SHARING PLAN

Name: FADDUOL,CLUFF, HARDY & CONAWAY, P.C - FADDUOL,CLUFF, HARDY & CONAWAY, P.C 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: FADDUOL,CLUFF, HARDY & CONAWAY, P.C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FADDUOL,CLUFF, HARDY & CONAWAY, P.C 401(K) PROFIT SHARING PLAN, FADDUOL,CLUFF, HARDY & CONAWAY, P.C

FADDUOL,CLUFF, HARDY & CONAWAY, P.CEIN 71-0924078Plan #001PY 2022

3301 SAN MATEO BOULEVARD NE - ALBUQUERQUE, NM 87110806-763-9377fchclaw.comLinkedIn11-50 employeeslegal services

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5M

+10.3% from 2021

Total participants

+18.8% from 2021

Average account balance

$137,591

-8.1% from 2021

Annual return

2.09%

-13.14 pp from 2021

Benchmarks

See 28,005 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,005 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.87M

Not enough data

1 years with asset history on file

Average account balance

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

$294K

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.

127.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$782K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+20.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1812

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$193K

$7710 / participant

Other / not subdivided$193K100.0%

% of EOY assets

3.891%

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

$137,591

$82,674+66.4%

$125,363+9.8%

$68,495+100.9%

Participation rate

92.0%

75.0%+17.0pp

82.4%+9.6pp

67.9%+24.1pp

Annual return

2.09%

-5.97%+8.1pp

572.15%-570.1pp

-7.84%+9.9pp

Employer contribution / active EE

$13,923

$3,382+311.7%

$4,815+189.2%

$2,596+436.2%

Participant deferral / active EE

$8,001

$6,111+30.9%

$7,447+7.4%

$4,028+98.7%

Admin fee / account holder

$5,354

$6,276-14.7%

$10,005-46.5%

$5,403-0.9%

FADDUOL,CLUFF, HARDY & CONAWAY, P.C 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FADDUOL,CLUFF, HARDY & CONAWAY, P.C 401(K) 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