Retirement plan

DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC. 401(K) PLAN

Name: DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC. - DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC. 401(K) PLAN (2022) Form 5500
Creator: DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC. 401(K) PLAN, DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC.

DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC.EIN 82-0549534Plan #001PY 2022

10785 SEMINOLE BLVD - LARGO, FL 33778727-397-6080dswm-rj.comLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$189K

No prior year

Total participants

No prior year

Average account balance

$94,499

No prior year

Annual return

2.45%

No prior year

Benchmarks

See 35,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,209 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$319K

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$39K

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

+15.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46030

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 codes2E2J3D

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.
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

$113K

$56555 / participant

Other / not subdivided$113K100.0%

% of EOY assets

59.847%

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

$94,499

$167,522-43.6%

$151,639-37.7%

$134,532-29.8%

Participation rate

100.0%

88.4%+11.6pp

87.5%+12.5pp

81.2%+18.8pp

Annual return

2.45%

7.81%-5.4pp

3.34%-0.9pp

418.27%-415.8pp

Employer contribution / active EE

$21,452

$6,828+214.2%

$6,165+248.0%

$4,741+352.5%

Participant deferral / active EE

$13,800

$8,986+53.6%

$8,363+65.0%

$6,401+115.6%

Admin fee / account holder

$56,555

$13,780+310.4%

$11,613+387.0%

$11,429+394.9%

DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVID A. SCIGLIUTO WEALTH MANAGEMENT, INC. 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