Retirement plan

HOFFMAN, STEWART & SCHMIDT, P.C. 401(K) PROFIT SHARING PLAN

Name: HOFFMAN, STEWART & SCHMIDT, PC - HOFFMAN, STEWART & SCHMIDT, P.C. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: HOFFMAN, STEWART & SCHMIDT, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOFFMAN, STEWART & SCHMIDT, P.C. 401(K) PROFIT SHARING PLAN, HOFFMAN, STEWART & SCHMIDT, PC

HOFFMAN, STEWART & SCHMIDT, PCEIN 93-0743240Plan #001PY 2017

4900 MEADOWS ROAD, SUITE 200 - LAKE OSWEGO, OR 97035503-220-5900hsscpas.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed August 3, 2021

Plan administrator

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3 Centerpointe Dr, Suite 300

Lake Oswego, OR 97035

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Plans declared (1)

Plan name not on file3 emp

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Total assets (EOY)

$6.5M

+24.9% from 2016

Total participants

+1.9% from 2016

Average account balance

$152,179

+33.6% from 2016

Annual return

14.95%

+12.84 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.68M

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5092

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

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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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$136K

$2958 / participant

Other / not subdivided$136K100.0%

% of EOY assets

2.079%

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

$152,179

$85,766+77.4%

$136,298+11.7%

$70,126+117.0%

Participation rate

78.3%

74.2%+4.1pp

81.9%-3.7pp

69.5%+8.7pp

Annual return

14.95%

31.46%-16.5pp

5156.27%-5141.3pp

73.15%-58.2pp

Employer contribution / active EE

$5,524

$2,966+86.2%

$4,696+17.6%

$2,343+135.8%

Participant deferral / active EE

$8,061

$5,051+59.6%

$6,247+29.0%

$3,332+142.0%

Admin fee / account holder

$3,164

$5,421-41.6%

$9,244-65.8%

$4,645-31.9%

HOFFMAN, STEWART & SCHMIDT, P.C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOFFMAN, STEWART & SCHMIDT, P.C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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