Retirement plan

JOEL R. MOGY INVESTMENT COUNSEL, INC. PROFIT SHARING PLAN

Name: JOEL R. MOGY INVESTMENT COUNSEL, INC. - JOEL R. MOGY INVESTMENT COUNSEL, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: JOEL R. MOGY INVESTMENT COUNSEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOEL R. MOGY INVESTMENT COUNSEL, INC. PROFIT SHARING PLAN, JOEL R. MOGY INVESTMENT COUNSEL, INC.

JOEL R. MOGY INVESTMENT COUNSEL, INC.EIN 95-3533539Plan #002PY 2019

315 SOUTH BEVERLY DRIVE STE. 400 - BEVERLY HILLS, CA 902124301310-552-0529mogy.comLinkedIn1-10 employeesinvestment management

Prospect flagsLow returnsHigh feesHigh assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$5.9M

+5.3% from 2018

Total participants

0.0% from 2018

Average account balance

$844,529

+5.3% from 2018

Annual return

8.08%

-14.51 pp from 2018

Benchmarks

See 31,989 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,989 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.88M

Not enough data

1 years with asset history on file

Average account balance

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

$1.9M

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$479K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$53K

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

+17.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83470

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 codes2E2G2H2J3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$246K

$30741 / participant

Other / not subdivided$246K100.0%

% of EOY assets

4.160%

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

$844,529

$184,000+359.0%

$162,185+420.7%

$152,909+452.3%

Participation rate

87.5%

88.5%-1.0pp

87.6%-0.1pp

82.5%+5.0pp

Annual return

8.08%

150.80%-142.7pp

115.61%-107.5pp

345.46%-337.4pp

Employer contribution / active EE

$6,370-100.0%

$5,613-100.0%

$4,764-100.0%

Participant deferral / active EE

$10,988

$8,033+36.8%

$7,297+50.6%

$5,851+87.8%

Admin fee / account holder

$35,132

$13,124+167.7%

$10,844+224.0%

$11,601+202.8%

JOEL R. MOGY INVESTMENT COUNSEL, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOEL R. MOGY INVESTMENT COUNSEL, INC. PROFIT SHARING 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