Retirement plan

WEYRICH, CRONIN & SORRA LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: WEYRICH, CRONIN & SORRA LLC - WEYRICH, CRONIN & SORRA LLC 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: WEYRICH, CRONIN & SORRA LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEYRICH, CRONIN & SORRA LLC 401(K) PROFIT SHARING PLAN & TRUST, WEYRICH, CRONIN & SORRA LLC

WEYRICH, CRONIN & SORRA LLCEIN 81-4643077Plan #002PY 2023

20 WIGHT AVE, SUITE 210 - HUNT VALLEY, MD 21030410-339-6464wcscpa.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.8M

+22.9% from 2022

Total participants

-3.9% from 2022

Average account balance

$168,130

+21.2% from 2022

Annual return

18.32%

+33.87 pp from 2022

Benchmarks

See 28,703 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.22M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

153.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$783K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42874

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 codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

$240K

$5111 / participant

Other / not subdivided$240K100.0%

% of EOY assets

2.041%

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

$168,130

$93,617+79.6%

$135,982+23.6%

$75,177+123.6%

Participation rate

93.6%

75.2%+18.4pp

81.9%+11.7pp

67.2%+26.4pp

Annual return

18.32%

30.89%-12.6pp

68.32%-50.0pp

160.75%-142.4pp

Employer contribution / active EE

$6,540

$3,538+84.8%

$4,859+34.6%

$2,671+144.8%

Participant deferral / active EE

$7,947

$6,406+24.1%

$7,760+2.4%

$4,126+92.6%

Admin fee / account holder

$3,432

$6,980-50.8%

$10,767-68.1%

$5,651-39.3%

WEYRICH, CRONIN & SORRA LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEYRICH, CRONIN & SORRA LLC 401(K) PROFIT SHARING PLAN & TRUST

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