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 (2024) 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 2024

ONE LINCOLN STREET, 14TH FL - BOSTON, MA 02111617-646-2000sherin.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$25.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$21.2M

+19.9% from 2023

Total participants

-3.0% from 2023

Average account balance

$223,463

+19.9% from 2023

Annual return

16.92%

-0.65 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

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

$654K

$9341 / participant

Other / not subdivided$654K100.0%

% of EOY assets

3.080%

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

$223,463

$102,385+118.3%

$147,080+51.9%

$80,935+176.1%

Participation rate

97.1%

75.9%+21.3pp

82.2%+15.0pp

67.7%+29.5pp

Annual return

16.92%

135.09%-118.2pp

420.17%-403.3pp

35.66%-18.7pp

Employer contribution / active EE

$1,070

$3,717-71.2%

$4,933-78.3%

$2,757-61.2%

Participant deferral / active EE

$15,323

$6,651+130.4%

$8,066+90.0%

$4,299+256.4%

Admin fee / account holder

$6,883

$7,951-13.4%

$12,989-47.0%

$6,924-0.6%

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