Retirement plan

LAW OFFICE OF D. WAYNE LEECH 401K & PROFIT SHARING PLAN

Name: LAW OFFICE OF D. WAYNE LEECH, A PROFESSIONAL CORP - LAW OFFICE OF D. WAYNE LEECH 401K & PROFIT SHARING PLAN (2019) Form 5500
Creator: LAW OFFICE OF D. WAYNE LEECH, A PROFESSIONAL CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAW OFFICE OF D. WAYNE LEECH 401K & PROFIT SHARING PLAN, LAW OFFICE OF D. WAYNE LEECH, A PROFESSIONAL CORP

LAW OFFICE OF D. WAYNE LEECH, A PROFESSIONAL CORPEIN 81-1504588Plan #002PY 2019

11001 E. VALLEY MALL, SUITE 200 - EL MONTE, CA 91731626-443-0061

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$739K

+12.3% from 2018

Total participants

-25.0% from 2018

Average account balance

$246,311

+49.7% from 2018

Annual return

18.48%

+24.27 pp from 2018

Benchmarks

See 119,339 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,339 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$924K

Not enough data

1 years with asset history on file

Average account balance

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

$308K

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

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62473

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

2 tripped

OpportunityLow participant contribution
Participant 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

$79K

$26348 / participant

Other / not subdivided$79K100.0%

% of EOY assets

10.697%

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

$246,311

$157,296+56.6%

$141,191+74.5%

$152,897+61.1%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

18.48%

64.34%-45.9pp

71.41%-52.9pp

345.43%-326.9pp

Employer contribution / active EE

$11,577

$5,262+120.0%

$4,736+144.4%

$4,764+143.0%

Participant deferral / active EE

$1,093

$7,111-84.6%

$6,710-83.7%

$5,851-81.3%

Admin fee / account holder

$26,348

$12,125+117.3%

$10,264+156.7%

$11,599+127.1%

LAW OFFICE OF D. WAYNE LEECH 401K & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAW OFFICE OF D. WAYNE LEECH 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