Retirement plan

TWENTY20 TAX AND CONSULTING PC 401(K) PLAN

Name: TWENTY20 TAX AND CONSULTING - TWENTY20 TAX AND CONSULTING PC 401(K) PLAN (2023) Form 5500
Creator: TWENTY20 TAX AND CONSULTING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWENTY20 TAX AND CONSULTING PC 401(K) PLAN, TWENTY20 TAX AND CONSULTING

TWENTY20 TAX AND CONSULTINGEIN 83-2625358Plan #001PY 2023

5 CENTERPOINTE DR, SUITE 570 - LAKE OSWEGO, OR 97035503-821-2868twenty20cpa.comLinkedIn1-10 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$223K

+51.8% from 2022

Total participants

+50.0% from 2022

Average account balance

$44,574

+21.5% from 2022

Annual return

17.82%

+35.33 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$387K

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3392

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 codes2E2J2T3D

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.
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

$2K

$383 / participant

Other / not subdivided$2K100.0%

% of EOY assets

1.031%

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

$44,574

$148,582-70.0%

$135,942-67.2%

$139,456-68.0%

Participation rate

83.3%

83.9%-0.5pp

81.9%+1.4pp

80.3%+3.0pp

Annual return

17.82%

79.26%-61.4pp

68.28%-50.5pp

373.45%-355.6pp

Employer contribution / active EE

$2,185

$5,245-58.3%

$4,858-55.0%

$4,753-54.0%

Participant deferral / active EE

$6,139

$8,101-24.2%

$7,759-20.9%

$6,711-8.5%

Admin fee / account holder

$459

$12,402-96.3%

$10,764-95.7%

$11,407-96.0%

TWENTY20 TAX AND CONSULTING PC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWENTY20 TAX AND CONSULTING PC 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