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 (2023) 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 2023

111 SW COLUMBIA STREET, SUITE 800 - PORTLAND, OR 97201503-227-2424smithfreed.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.9M

+21.3% from 2022

Total participants

126

-0.8% from 2022

Average account balance

$86,624

+22.3% from 2022

Annual return

18.75%

+35.30 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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 PARTNERS8 years Service code 26 · EIN 46-4959656	Advisory (Participants)	$25,840
PENSION PLAN SPECIALISTS, PC6 years Service code 17 · EIN 27-1570786	Pension Consulting	$15,710
JOHN HANCOCK LIFE INSURANCE COMPANY8 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,356

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T2S

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.
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

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

$62K

$923 / participant

Investment mgmt$26K41.8%
Contract admin$31K50.8%
Other / not subdivided$5K7.5%

% of EOY assets

0.567%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,624

$93,598-7.5%

$135,974-36.3%

$75,173+15.2%

Participation rate

100.0%

75.2%+24.8pp

81.9%+18.1pp

67.2%+32.8pp

Annual return

18.75%

30.89%-12.1pp

68.30%-49.6pp

160.72%-142.0pp

Employer contribution / active EE

$3,314

$3,538-6.3%

$4,859-31.8%

$2,671+24.1%

Participant deferral / active EE

$8,110

$6,405+26.6%

$7,760+4.5%

$4,126+96.5%

Admin fee / account holder

$491

$6,978-93.0%

$10,767-95.4%

$5,651-91.3%

Provider

Service type

Compensation

CABLE HILL PARTNERS8 years

Service code 26 · EIN 46-4959656

Advisory (Participants)

$25,840

PENSION PLAN SPECIALISTS, PC6 years

Service code 17 · EIN 27-1570786

Pension Consulting

$15,710

JOHN HANCOCK LIFE INSURANCE COMPANY8 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,356

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