Retirement plan

AGMB, LLP 401(K) PROFIT SHARING PLAN

Name: ABRAMS, GARFINKEL, MARGOLIS, BERGSON, LLP - AGMB, LLP 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: ABRAMS, GARFINKEL, MARGOLIS, BERGSON, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGMB, LLP 401(K) PROFIT SHARING PLAN, ABRAMS, GARFINKEL, MARGOLIS, BERGSON, LLP

ABRAMS, GARFINKEL, MARGOLIS, BERGSON, LLPEIN 03-0462076Plan #001PY 2022

1430 BROADWAY, 17TH FLOOR - NEW YORK, NY 10018212-201-1172agmblaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$3.0M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$12.2M

-8.4% from 2021

Total participants

169

-17.2% from 2021

Average account balance

$94,072

-17.5% from 2021

Annual return

-18.15%

-33.26 pp from 2021

Benchmarks

See 5,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,991 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.41M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

107

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

$993K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$638

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

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$30,966
MACIAS GINI & O'CONNELL LLP2 years Service code 10 · EIN 68-0300457	Accounting	$9,725
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	-$12,456

Plan features & details

Pension benefit codes2J2T3D2A2E2F2G

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$28K

$246 / participant

Investment mgmt$40.0%
Other / not subdivided$28K100.0%

% of EOY assets

0.231%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MACIAS GINI & O CONNELL LLP
Auditor EIN: 680300457
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,072

$84,487+11.3%

$125,339-24.9%

$66,914+40.6%

Participation rate

66.1%

76.4%-10.3pp

82.4%-16.3pp

69.8%-3.7pp

Annual return

-18.15%

-8.39%-9.8pp

572.05%-590.2pp

1.58%-19.7pp

Employer contribution / active EE

$7,880

$3,553+121.8%

$4,814+63.7%

$2,544+209.7%

Participant deferral / active EE

$4,526

$6,781-33.3%

$7,446-39.2%

$4,237+6.8%

Admin fee / account holder

$217

$685-68.3%

$10,010-97.8%

$593-63.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$30,966

MACIAS GINI & O'CONNELL LLP2 years

Service code 10 · EIN 68-0300457

Accounting

$9,725

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

-$12,456

AGMB, LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGMB, LLP 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