Retirement plan

STEIN FARKAS SCHWARTZ 401K PLAN

Name: STEIN, FARKAS AND SCHWARTZ, L.L.P. - STEIN FARKAS SCHWARTZ 401K PLAN (2018) Form 5500
Creator: STEIN, FARKAS AND SCHWARTZ, L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEIN FARKAS SCHWARTZ 401K PLAN, STEIN, FARKAS AND SCHWARTZ, L.L.P.

STEIN, FARKAS AND SCHWARTZ, L.L.P.EIN 01-0552942Plan #002PY 2018

1639 E 13TH ST - BROOKLYN, NY 11229718-645-5600sfsllp.comLinkedIn11-50 employeeslegal services

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$705K

+3.1% from 2017

Total participants

-11.1% from 2017

Average account balance

$58,781

+3.1% from 2017

Annual return

-7.64%

-28.97 pp from 2017

Benchmarks

See 116,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort116,756 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.22M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$132K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+21.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J3D

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).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$58,781

$138,076-57.4%

$123,553-52.4%

$135,380-56.6%

Participation rate

66.7%

84.7%-18.1pp

82.3%-15.6pp

82.6%-16.0pp

Annual return

-7.64%

153.70%-161.3pp

119.21%-126.8pp

519.81%-527.4pp

Employer contribution / active EE

$725

$5,152-85.9%

$4,628-84.3%

$4,779-84.8%

Participant deferral / active EE

$5,411

$6,800-20.4%

$6,426-15.8%

$5,609-3.5%

Admin fee / account holder

$10,917-100.0%

$9,284-100.0%

$10,828-100.0%

STEIN FARKAS SCHWARTZ 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

STEIN FARKAS SCHWARTZ 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion