Retirement plan

ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARING PLAN

Name: ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARING - ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARING PLAN (2022) Form 5500
Creator: ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARING PLAN, ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARING

ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARINGEIN 95-4893420Plan #001PY 2022

44 MERRIMAC STREET - NEWBURYPORT, MA 01950978-462-1657LinkedIn1-10 employeesarchitecture & planning

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$589K

+19.4% from 2021

Total participants

+16.7% from 2021

Average account balance

$84,196

+2.3% from 2021

Annual return

-5.63%

-24.67 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$965K

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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

$139K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+12.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11304

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$28K

$4630 / participant

Other / not subdivided$28K100.0%

% of EOY assets

4.714%

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

$84,196

$138,102-39.0%

$125,381-32.8%

$134,532-37.4%

Participation rate

100.0%

84.5%+15.5pp

82.4%+17.6pp

81.2%+18.8pp

Annual return

-5.63%

750.73%-756.4pp

572.31%-577.9pp

418.27%-423.9pp

Employer contribution / active EE

$13,826

$5,245+163.6%

$4,815+187.1%

$4,741+191.6%

Participant deferral / active EE

$6,764

$7,801-13.3%

$7,448-9.2%

$6,401+5.7%

Admin fee / account holder

$3,969

$11,568-65.7%

$10,007-60.3%

$11,429-65.3%

ANDREW M. SIDFORD ARCHITECTS, PC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDREW M. SIDFORD ARCHITECTS, PC 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