Retirement plan

FIDUCIARY FINANCIAL PARTNERS, LLC PROFIT SHARING 401(K) PLAN

Name: FIDUCIARY FINANCIAL PARTNERS, LLC - FIDUCIARY FINANCIAL PARTNERS, LLC PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: FIDUCIARY FINANCIAL PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIDUCIARY FINANCIAL PARTNERS, LLC PROFIT SHARING 401(K) PLAN, FIDUCIARY FINANCIAL PARTNERS, LLC

FIDUCIARY FINANCIAL PARTNERS, LLCEIN 90-0658332Plan #001PY 2022

1250 E. DIEHL ROAD, STE 404 - NAPERVILLE, IL 60563630-780-1534fiduciaryfinancialpartners.comLinkedIn1-10 employeesfinancial services

Other plans on this EIN

1 filing

#002Retirement-$337K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$928K

+2.2% from 2021

Total participants

+16.7% from 2021

Average account balance

$132,529

-12.4% from 2021

Annual return

-11.23%

-29.82 pp from 2021

Benchmarks

See 35,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,209 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$157K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$132,529

$167,522-20.9%

$151,639-12.6%

$134,532-1.5%

Participation rate

100.0%

88.4%+11.6pp

87.5%+12.5pp

81.2%+18.8pp

Annual return

-11.23%

7.81%-19.0pp

3.34%-14.6pp

418.27%-429.5pp

Employer contribution / active EE

$4,982

$6,828-27.0%

$6,165-19.2%

$4,741+5.1%

Participant deferral / active EE

$12,443

$8,986+38.5%

$8,363+48.8%

$6,401+94.4%

Admin fee / account holder

$13,780-100.0%

$11,613-100.0%

$11,429-100.0%

FIDUCIARY FINANCIAL PARTNERS, LLC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FIDUCIARY FINANCIAL PARTNERS, LLC PROFIT SHARING 401(K) 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