Retirement plan

SIMON, PERAGINE, SMITH & REDFEARN, L.L.P. ASSOCIATES 401(K) PLAN

Name: SIMON, PERAGINE, SMITH & REDFEARN, L.L.P. - SIMON, PERAGINE, SMITH & REDFEARN, L.L.P. ASSOCIATES 401(K) PLAN (2021) Form 5500
Creator: SIMON, PERAGINE, SMITH & REDFEARN, L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMON, PERAGINE, SMITH & REDFEARN, L.L.P. ASSOCIATES 401(K) PLAN, SIMON, PERAGINE, SMITH & REDFEARN, L.L.P.

SIMON, PERAGINE, SMITH & REDFEARN, L.L.P.EIN 72-0859959Plan #003PY 2021

1100 POYDRAS ST., 30TH FLOOR - NEW ORLEANS, LA 701633000504-569-2030spsr-law.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$15.6M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4.4M

+11.1% from 2020

Total participants

-3.2% from 2020

Average account balance

$174,275

+11.1% from 2020

Annual return

11.35%

+2.33 pp from 2020

Benchmarks

See 126,087 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,087 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.45M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

67.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+18.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3893

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 codes2F2G2J3D

Plan features

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$122K

$6761 / participant

Other / not subdivided$122K100.0%

% of EOY assets

2.793%

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

$174,275

$176,120-1.0%

$159,487+9.3%

$167,553+4.0%

Participation rate

72.2%

85.0%-12.7pp

82.8%-10.6pp

82.1%-9.9pp

Annual return

11.35%

331.95%-320.6pp

263.71%-252.4pp

478.89%-467.5pp

Employer contribution / active EE

$5,299-100.0%

$4,831-100.0%

$4,840-100.0%

Participant deferral / active EE

$6,164

$7,752-20.5%

$7,354-16.2%

$6,343-2.8%

Admin fee / account holder

$4,868

$12,561-61.2%

$10,804-54.9%

$12,316-60.5%

SIMON, PERAGINE, SMITH & REDFEARN, L.L.P. ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMON, PERAGINE, SMITH & REDFEARN, L.L.P. ASSOCIATES 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