Retirement plan

WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP 401(K) PROFIT SHARING PLAN

Name: WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP - WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP 401(K) PROFIT SHARING PLAN, WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP

WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORPEIN 95-3881066Plan #001PY 2020

2660 TOWNSGATE RD., SUITE 350 - WESTLAKE VILLAGE, CA 91361805-371-0500

Prospect flagsHigh assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$2.5M

+17.7% from 2019

Total participants

0.0% from 2019

Average account balance

$1,271,924

+17.7% from 2019

Annual return

15.26%

-6.58 pp from 2019

Benchmarks

See 120,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,756 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.71M

Not enough data

1 years with asset history on file

Average account balance

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

$2.4M

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

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+42.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37988

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 codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant 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

$19

$10 / participant

Other / not subdivided$19100.0%

% of EOY assets

0.001%

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

$1,271,924

$165,381+669.1%

$149,730+749.5%

$158,966+700.1%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

15.26%

348.29%-333.0pp

276.70%-261.4pp

302.95%-287.7pp

Employer contribution / active EE

$300

$5,104-94.1%

$4,645-93.5%

$4,762-93.7%

Participant deferral / active EE

$26,000

$7,182+262.0%

$6,843+280.0%

$5,983+334.6%

Admin fee / account holder

$10

$10,809-99.9%

$9,310-99.9%

$11,250-99.9%

WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEISSMAN & WEISSMAN, A PROFESSIONAL LAW CORP 401(K) 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