Retirement plan

HOLLINGSWORTH LAW FIRM P. C. 401(K) PROFIT SHARING PLAN

Name: HOLLINGSWORTH LAW FIRM P.C. - HOLLINGSWORTH LAW FIRM P. C. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: HOLLINGSWORTH LAW FIRM P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLLINGSWORTH LAW FIRM P. C. 401(K) PROFIT SHARING PLAN, HOLLINGSWORTH LAW FIRM P.C.

HOLLINGSWORTH LAW FIRM P.C.EIN 86-0713669Plan #005PY 2020

6040 E. CRISTOBAL ST - TUCSON, AZ 85715520-882-8080hollingsworthlaw.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$1.0M assets

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$188K

+86.3% from 2019

Total participants

-9.1% from 2019

Average account balance

$18,815

+104.9% from 2019

Annual return

25.77%

+20.38 pp from 2019

Benchmarks

See 120,796 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,796 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$328K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1456

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 codes2E2J3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$18,815

$165,351-88.6%

$149,710-87.4%

$158,931-88.2%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

25.77%

348.19%-322.4pp

276.63%-250.9pp

302.86%-277.1pp

Employer contribution / active EE

$1,096

$5,103-78.5%

$4,645-76.4%

$4,761-77.0%

Participant deferral / active EE

$5,014

$7,181-30.2%

$6,842-26.7%

$5,982-16.2%

Admin fee / account holder

$10,807-100.0%

$9,309-100.0%

$11,247-100.0%

HOLLINGSWORTH LAW FIRM P. C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HOLLINGSWORTH LAW FIRM P. C. 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