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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$20.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.6M

+15.1% from 2019

Total participants

0.0% from 2019

Average account balance

$189,618

+18.8% from 2019

Annual return

16.06%

-5.54 pp from 2019

Benchmarks

See 26,426 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,426 peers

Snapshot2020

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

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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

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

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 codes2F2G2J2T3B3D2R

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

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

$1.1M

$14596 / participant

Other / not subdivided$1M100.0%

% of EOY assets

6.042%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,618

$98,750+92.0%

$149,696+26.7%

$79,858+137.4%

Participation rate

95.9%

75.8%+20.1pp

82.5%+13.4pp

69.6%+26.3pp

Annual return

16.06%

27.43%-11.4pp

276.60%-260.5pp

31.71%-15.7pp

Employer contribution / active EE

$875

$3,216-72.8%

$4,644-81.2%

$2,471-64.6%

Participant deferral / active EE

$11,325

$5,680+99.4%

$6,842+65.5%

$3,740+202.8%

Admin fee / account holder

$11,457

$6,053+89.3%

$9,309+23.1%

$5,306+115.9%

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