Retirement plan

THE SCHWARTZ, MCMINIMEE & ANDREW, LLC 401(K) PROFIT SHARING PLAN

Name: SCHWARTZ, MCMINIMEE & ANDREW, LLC - THE SCHWARTZ, MCMINIMEE & ANDREW, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SCHWARTZ, MCMINIMEE & ANDREW, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SCHWARTZ, MCMINIMEE & ANDREW, LLC 401(K) PROFIT SHARING PLAN, SCHWARTZ, MCMINIMEE & ANDREW, LLC

SCHWARTZ, MCMINIMEE & ANDREW, LLCEIN 87-1695063Plan #001PY 2022

3773 CHERRY CREEK N DR STE 775 - DENVER, CO 802093804303-534-5100estatelawco.comLinkedIn11-50 employeeslegal services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2M

-17.8% from 2021

Total participants

-8.3% from 2021

Average account balance

$100,599

-13.7% from 2021

Annual return

-19.44%

-32.94 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.01M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

123.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$159K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80632

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$159K

$10603 / participant

Other / not subdivided$159K100.0%

% of EOY assets

7.905%

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

$100,599

$138,102-27.2%

$125,381-19.8%

$134,532-25.2%

Participation rate

86.7%

84.5%+2.2pp

82.4%+4.3pp

81.2%+5.4pp

Annual return

-19.44%

750.73%-770.2pp

572.31%-591.8pp

418.27%-437.7pp

Employer contribution / active EE

$4,045

$5,245-22.9%

$4,815-16.0%

$4,741-14.7%

Participant deferral / active EE

$8,682

$7,801+11.3%

$7,448+16.6%

$6,401+35.6%

Admin fee / account holder

$7,952

$11,568-31.3%

$10,007-20.5%

$11,429-30.4%

THE SCHWARTZ, MCMINIMEE & ANDREW, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SCHWARTZ, MCMINIMEE & ANDREW, LLC 401(K) PROFIT SHARING 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