Retirement plan

BEACON FINANCIAL PLANNERS, INC. 401(K) PLAN

Name: BEACON FINANCIAL PLANNERS, INC. - BEACON FINANCIAL PLANNERS, INC. 401(K) PLAN (2021) Form 5500
Creator: BEACON FINANCIAL PLANNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEACON FINANCIAL PLANNERS, INC. 401(K) PLAN, BEACON FINANCIAL PLANNERS, INC.

BEACON FINANCIAL PLANNERS, INC.EIN 83-0982304Plan #001PY 2021

2525 ROBINHOOD ST. SUITE 210 - HOUSTON, TX 77005281-953-7442beaconfinancialplanners.comLinkedIn1-10 employeesfinancial services

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$64K

No prior year

Total participants

No prior year

Average account balance

$63,915

No prior year

Annual return

22.17%

No prior year

Benchmarks

See 33,465 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort33,465 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$108K

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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 codes2E2J2F2G3D

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$42

$21 / participant

Other / not subdivided$42100.0%

% of EOY assets

0.066%

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

$63,915

$209,874-69.5%

$189,537-66.3%

$167,536-61.8%

Participation rate

50.0%

88.7%-38.7pp

87.8%-37.8pp

82.1%-32.1pp

Annual return

22.17%

748.61%-726.4pp

555.34%-533.2pp

478.82%-456.6pp

Employer contribution / active EE

$689

$6,913-90.0%

$6,161-88.8%

$4,839-85.8%

Participant deferral / active EE

$9,750

$8,934+9.1%

$8,220+18.6%

$6,342+53.7%

Admin fee / account holder

$42

$14,299-99.7%

$12,048-99.7%

$12,315-99.7%

BEACON FINANCIAL PLANNERS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEACON FINANCIAL PLANNERS, 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