Retirement plan

SHERIN AND LODGEN TAX DEFERRED SAVINGS PLAN AND TRUST

Name: SHERIN AND LODGEN LLP - SHERIN AND LODGEN TAX DEFERRED SAVINGS PLAN AND TRUST (2016) Form 5500
Creator: SHERIN AND LODGEN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHERIN AND LODGEN TAX DEFERRED SAVINGS PLAN AND TRUST, SHERIN AND LODGEN LLP

SHERIN AND LODGEN LLPEIN 04-2023901Plan #002PY 2016

101 FEDERAL STREET - BOSTON, MA 02110617-646-2000sherin.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$13.9M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$11.5M

+3.7% from 2015

Total participants

-1.0% from 2015

Average account balance

$123,717

-0.8% from 2015

Annual return

8.16%

+9.45 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.23M

Not enough data

1 years with asset history on file

Average account balance

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

$223K

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6883

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 codes2F2G2J2R2T3B3D

Plan features

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
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

$1.2M

$16976 / participant

Other / not subdivided$1M100.0%

% of EOY assets

10.623%

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

$123,717

$76,551+61.6%

$123,894-0.1%

$62,881+96.7%

Participation rate

95.8%

73.0%+22.9pp

81.4%+14.4pp

69.3%+26.5pp

Annual return

8.16%

18.68%-10.5pp

47.52%-39.4pp

20.14%-12.0pp

Employer contribution / active EE

$397

$2,882-86.2%

$4,617-91.4%

$2,281-82.6%

Participant deferral / active EE

$9,615

$4,840+98.7%

$5,984+60.7%

$3,203+200.2%

Admin fee / account holder

$13,142

$4,826+172.3%

$8,357+57.3%

$4,296+205.9%

SHERIN AND LODGEN TAX DEFERRED SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHERIN AND LODGEN TAX DEFERRED SAVINGS PLAN AND TRUST

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