Retirement plan

SMITH FREED & EBERHARD, P.C. 401(K) RETIREMENT PLAN

Name: SMITH FREED & EBERHARD, P.C. - SMITH FREED & EBERHARD, P.C. 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: SMITH FREED & EBERHARD, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITH FREED & EBERHARD, P.C. 401(K) RETIREMENT PLAN, SMITH FREED & EBERHARD, P.C.

SMITH FREED & EBERHARD, P.C.EIN 93-0944667Plan #001PY 2019

111 SW 5TH AVENUE, SUITE 4300 - PORTLAND, OR 97204503-227-2424smithfreed.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$9.1M

-4.2% from 2018

Total participants

144

+3.6% from 2018

Average account balance

$63,315

-8.2% from 2018

Annual return

20.49%

+26.46 pp from 2018

Benchmarks

See 25,909 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,909 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.80M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

123

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

$824K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$574

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
CABLE HILL PARTNERS4 years Service code 26 · EIN 46-4959656	Advisory (Participants)	$25,792
PENSION PLAN SPECIALISTS, PC2 years Service code 13 · EIN 26-1570786	Contract Administrator	$2,250
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,037

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T

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.
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.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$59K

$1059 / participant

Investment mgmt$26K43.5%
Contract admin$31K52.7%
Other / not subdivided$2K3.8%

% of EOY assets

0.650%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WORTHY & COMPANY, LLC
Auditor EIN: 208092242
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,315

$89,370-29.2%

$141,197-55.2%

$72,976-13.2%

Participation rate

100.0%

75.1%+24.9pp

82.5%+17.5pp

69.5%+30.5pp

Annual return

20.49%

111.88%-91.4pp

71.41%-50.9pp

81.02%-60.5pp

Employer contribution / active EE

$3,658

$3,115+17.4%

$4,736-22.8%

$2,440+49.9%

Participant deferral / active EE

$7,063

$5,419+30.3%

$6,710+5.2%

$3,608+95.8%

Admin fee / account holder

$412

$5,957-93.1%

$10,265-96.0%

$5,124-92.0%

Provider

Service type

Compensation

CABLE HILL PARTNERS4 years

Service code 26 · EIN 46-4959656

Advisory (Participants)

$25,792

PENSION PLAN SPECIALISTS, PC2 years

Service code 13 · EIN 26-1570786

Contract Administrator

$2,250

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,037

SMITH FREED & EBERHARD, P.C. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMITH FREED & EBERHARD, P.C. 401(K) RETIREMENT 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