Retirement plan

LEATHER SURGEONS PROFIT SHARING PLAN

Name: GERRY GALLAGHER DBA THE LEATHER SURGEONS - LEATHER SURGEONS PROFIT SHARING PLAN (2020) Form 5500
Creator: GERRY GALLAGHER DBA THE LEATHER SURGEONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEATHER SURGEONS PROFIT SHARING PLAN, GERRY GALLAGHER DBA THE LEATHER SURGEONS

GERRY GALLAGHER DBA THE LEATHER SURGEONSEIN 82-3632724Plan #001PY 2020

5550 PIN OAK DRIVE - DOYLESTOWN, PA 18902215-795-5833

Other plans on this EIN

1 filing

#003Retirement-$2.0M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+19.9% from 2019

Total participants

0.0% from 2019

Average account balance

$173,264

+19.9% from 2019

Annual return

13.57%

-9.88 pp from 2019

Benchmarks

See 3,639 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,639 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.34M

Not enough data

1 years with asset history on file

Average account balance

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

$390K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14407

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 codes2E2G2J3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$173,264

$105,929+63.6%

$81,926+111.5%

$158,950+9.0%

Participation rate

100.0%

75.6%+24.4pp

72.0%+28.0pp

82.0%+18.0pp

Annual return

13.57%

38.19%-24.6pp

29.49%-15.9pp

302.91%-289.3pp

Employer contribution / active EE

$2,323

$7,802-70.2%

$4,310-46.1%

$4,762-51.2%

Participant deferral / active EE

$8,062

$13,007-38.0%

$7,108+13.4%

$5,983+34.8%

Admin fee / account holder

$8,492-100.0%

$5,159-100.0%

$11,248-100.0%

LEATHER SURGEONS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LEATHER SURGEONS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion