Retirement plan

GARVEY SCHUBERT BARER 401(K) PLAN

Name: GARVEY SCHUBERT BARER, P.C. - GARVEY SCHUBERT BARER 401(K) PLAN (2018) Form 5500
Creator: GARVEY SCHUBERT BARER, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARVEY SCHUBERT BARER 401(K) PLAN, GARVEY SCHUBERT BARER, P.C.

GARVEY SCHUBERT BARER, P.C.EIN 91-0876461Plan #001PY 2018

1191 SECOND AVENUE, SUITE 1800 - SEATTLE, WA 98101206-464-3939foster.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$92.9M

No prior year

Total participants

330

No prior year

Average account balance

$284,980

No prior year

Annual return

-2.17%

No prior year

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$255.44M

Not enough data

1 years with asset history on file

Average account balance

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

$466K

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.

548

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+16.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$261

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

1 years with F_SCH_H allocation on file

See the 7-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
SAGE ADVISORY SERVICES1+ years Filed as: SAGE VIEW ADVISORY GROUP, LLC Service code 27 · EIN 33-0818667	Advisory (Plan)	$50,000
THE VANGUARD GROUP, INC.1+ years Service code 15 · EIN 23-1945930	Recordkeeping	$41,715
CLARK NUBER1+ years Filed as: CLARK NUBER, PS Service code 10 · EIN 91-1194016	Accounting	$18,109

Plan features & details

Pension benefit codes2A2E2F2J2K2R2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$109K

$503 / participant

Other / not subdivided$109K100.0%

% of EOY assets

0.117%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLARK NUBER, P.S.
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$284,980

$73,102+289.8%

$123,544+130.7%

$56,287+406.3%

Participation rate

98.1%

74.3%+23.8pp

82.3%+15.9pp

69.9%+28.3pp

Annual return

-2.17%

3.01%-5.2pp

119.20%-121.4pp

-9.96%+7.8pp

Employer contribution / active EE

$8,683

$2,977+191.7%

$4,628+87.6%

$2,111+311.3%

Participant deferral / active EE

$11,177

$5,423+106.1%

$6,426+73.9%

$3,350+233.7%

Admin fee / account holder

$333

$554-39.8%

$9,284-96.4%

$521-36.0%

Provider

Service type

Compensation

SAGE ADVISORY SERVICES1+ years

Filed as: SAGE VIEW ADVISORY GROUP, LLC

Service code 27 · EIN 33-0818667

Advisory (Plan)

$50,000

THE VANGUARD GROUP, INC.1+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$41,715

CLARK NUBER1+ years

Filed as: CLARK NUBER, PS

Service code 10 · EIN 91-1194016

Accounting

$18,109

GARVEY SCHUBERT BARER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARVEY SCHUBERT BARER 401(K) 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