Retirement plan

STEIN FARKAS SCHWARTZ 401K PLAN

Name: STEIN, FARKAS AND SCHWARTZ, L.L.P. - STEIN FARKAS SCHWARTZ 401K PLAN (2020) 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 2020

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)

$1.2M

+26.6% from 2019

Total participants

0.0% from 2019

Average account balance

$103,015

+26.6% from 2019

Annual return

19.40%

-8.05 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

$2.82M

Not enough data

1 years with asset history on file

Average account balance

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

$217K

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

$152K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+21.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1793

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

$103,015

$165,381-37.7%

$149,730-31.2%

$158,966-35.2%

Participation rate

66.7%

84.6%-17.9pp

82.5%-15.8pp

82.0%-15.3pp

Annual return

19.40%

348.29%-328.9pp

276.70%-257.3pp

302.95%-283.5pp

Employer contribution / active EE

$604

$5,104-88.2%

$4,645-87.0%

$4,762-87.3%

Participant deferral / active EE

$5,236

$7,182-27.1%

$6,843-23.5%

$5,983-12.5%

Admin fee / account holder

$10,809-100.0%

$9,310-100.0%

$11,250-100.0%

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