Retirement plan

L. MYLES SMITH & COMPANY EMPLOYEE PROFIT SHARING PLAN

Name: L. MYLES SMITH & COMPANY - L. MYLES SMITH & COMPANY EMPLOYEE PROFIT SHARING PLAN (2021) 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 2021

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.2M

+22.3% from 2020

Total participants

+9.5% from 2020

Average account balance

$237,869

+5.7% from 2020

Annual return

14.32%

+4.08 pp from 2020

Benchmarks

See 126,102 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,102 peers

Snapshot2021

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$805

$54 / participant

Other / not subdivided$805100.0%

% of EOY assets

0.015%

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

$237,869

$176,105+35.1%

$159,474+49.2%

$167,536+42.0%

Participation rate

93.3%

85.0%+8.4pp

82.8%+10.5pp

82.1%+11.2pp

Annual return

14.32%

331.91%-317.6pp

263.68%-249.4pp

478.82%-464.5pp

Employer contribution / active EE

$14,135

$5,299+166.7%

$4,831+192.6%

$4,839+192.1%

Participant deferral / active EE

$8,723

$7,751+12.5%

$7,353+18.6%

$6,342+37.5%

Admin fee / account holder

$37

$12,559-99.7%

$10,802-99.7%

$12,315-99.7%

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