Retirement plan

SPENCE ASSET MANAGEMENT 401(K) PROFIT SHARING PLAN

Name: SPENCE ASSET MANAGEMENT, INC. - SPENCE ASSET MANAGEMENT 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: SPENCE ASSET MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPENCE ASSET MANAGEMENT 401(K) PROFIT SHARING PLAN, SPENCE ASSET MANAGEMENT, INC.

SPENCE ASSET MANAGEMENT, INC.EIN 85-0408533Plan #001PY 2018

3529 FOOTHILLS ROAD - LAS CRUCES, NM 88011575-556-8500spenceassetmanagement.comLinkedIn11-50 employeesinvestment management

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$2.5M

+8.9% from 2017

Total participants

0.0% from 2017

Average account balance

$316,430

+8.9% from 2017

Annual return

3.08%

-20.19 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.44M

Not enough data

1 years with asset history on file

Average account balance

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

$644K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$273K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+15.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3110

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 codes2H2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$316,430

$160,059+97.7%

$140,019+126.0%

$135,379+133.7%

Participation rate

100.0%

88.5%+11.5pp

87.5%+12.5pp

82.6%+17.4pp

Annual return

3.08%

911.44%-908.4pp

651.15%-648.1pp

519.79%-516.7pp

Employer contribution / active EE

$5,811

$6,420-9.5%

$5,605+3.7%

$4,779+21.6%

Participant deferral / active EE

$16,625

$7,641+117.6%

$6,927+140.0%

$5,609+196.4%

Admin fee / account holder

$13,328-100.0%

$10,705-100.0%

$10,828-100.0%

SPENCE ASSET MANAGEMENT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SPENCE ASSET MANAGEMENT 401(K) 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