Retirement plan

SPENCE ASSET MANAGEMENT 401(K) PROFIT SHARING PLAN

Name: SPENCE ASSET MANAGEMENT, INC. - SPENCE ASSET MANAGEMENT 401(K) PROFIT SHARING PLAN (2019) 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 2019

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)

$3.7M

+45.3% from 2018

Total participants

0.0% from 2018

Average account balance

$459,673

+45.3% from 2018

Annual return

39.79%

+36.71 pp from 2018

Benchmarks

See 31,993 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,993 peers

Snapshot2019

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

$459,673

$183,978+149.9%

$162,171+183.4%

$152,885+200.7%

Participation rate

100.0%

88.5%+11.5pp

87.6%+12.4pp

82.5%+17.5pp

Annual return

39.79%

150.78%-111.0pp

115.60%-75.8pp

345.39%-305.6pp

Employer contribution / active EE

$6,063

$6,370-4.8%

$5,613+8.0%

$4,763+27.3%

Participant deferral / active EE

$17,059

$8,033+112.4%

$7,297+133.8%

$5,851+191.6%

Admin fee / account holder

$13,122-100.0%

$10,843-100.0%

$11,598-100.0%

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