Retirement plan

L. MYLES SMITH & COMPANY EMPLOYEE PROFIT SHARING PLAN

Name: L. MYLES SMITH & COMPANY - L. MYLES SMITH & COMPANY EMPLOYEE PROFIT SHARING PLAN (2020) Form 5500
Creator: L. MYLES SMITH & COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L. MYLES SMITH & COMPANY EMPLOYEE PROFIT SHARING PLAN, L. MYLES SMITH & COMPANY

L. MYLES SMITH & COMPANYEIN 73-1096510Plan #002PY 2020

3408 FRENCH PARK - EDMOND, OK 73034405-359-2273lmscpa.comLinkedIn11-50 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

-26.1% from 2019

Total participants

+10.5% from 2019

Average account balance

$225,140

-26.1% from 2019

Annual return

10.24%

-2.75 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.80M

Not enough data

1 years with asset history on file

Average account balance

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

$296K

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

$291K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2652

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$2.3M

$146673 / participant

Other / not subdivided$2M100.0%

% of EOY assets

54.861%

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

$225,140

$165,399+36.1%

$149,745+50.3%

$158,982+41.6%

Participation rate

87.5%

84.6%+2.9pp

82.5%+5.0pp

82.0%+5.5pp

Annual return

10.24%

348.34%-338.1pp

276.72%-266.5pp

302.99%-292.7pp

Employer contribution / active EE

$6,405

$5,105+25.5%

$4,646+37.9%

$4,763+34.5%

Participant deferral / active EE

$8,160

$7,183+13.6%

$6,843+19.2%

$5,983+36.4%

Admin fee / account holder

$123,514

$10,811+1042.5%

$9,312+1226.4%

$11,252+997.7%

L. MYLES SMITH & COMPANY EMPLOYEE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L. MYLES SMITH & COMPANY EMPLOYEE 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