Retirement plan

MURTHA CULLINA LLP PROFIT SHARING RETIREMENT PLAN

Name: MURTHA CULLINA LLP - MURTHA CULLINA LLP PROFIT SHARING RETIREMENT PLAN (2020) Form 5500
Creator: MURTHA CULLINA LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MURTHA CULLINA LLP PROFIT SHARING RETIREMENT PLAN, MURTHA CULLINA LLP

MURTHA CULLINA LLPEIN 06-0686015Plan #001PY 2020

280 TRUMBULL STREET, 12TH FLOOR - HARTFORD, CT 06103860-240-6000murthalaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$117M

+2.9% from 2019

Total participants

281

-4.1% from 2019

Average account balance

$416,268

+7.3% from 2019

Annual return

16.28%

-5.16 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$114.89M

Not enough data

1 years with asset history on file

Average account balance

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

$456K

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.

252

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

$2.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$502

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

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

Service providers

Top 9 by compensation

Provider	Service type	Compensation
BRADLEY FOSTER & SARGENT INC6+ years Filed as: BRADLEY, FOSTER & SARGENT Service code 10 · EIN 06-1380515	Accounting	$72,015
L. HARDY MASON6+ years Service code 26 · EIN 22-6661613	Advisory (Participants)	$42,030
RESOURCES MANAGEMENT CORPORATION6+ years Filed as: RESOURCES MANAGEMENT Service code 26 · EIN 06-0944880	Advisory (Participants)	$19,004
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$14,113
HALSEY ASSOCIATES6+ years Service code 16 · EIN 06-0972080	Consulting	$7,049
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES FINANCIAL. Service code 16 · EIN 59-1237041	Consulting	$6,833
BLUM SHAPIRO6+ years Filed as: BLUM, SHAPIRO & CO. Service code 10 · EIN 06-1009205	Accounting	$0
FIDUCIARY INVESTMENT ADVISORS6+ years Service code 10 · EIN 20-4751585	Accounting	$0
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	-$48,071

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$165K

$1050 / participant

Investment mgmt$14K8.6%
Other / not subdivided$151K91.4%

% of EOY assets

0.141%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$416,268

$99,957+316.4%

$149,745+178.0%

$73,497+466.4%

Participation rate

100.0%

75.7%+24.3pp

82.5%+17.5pp

70.7%+29.3pp

Annual return

16.28%

53.87%-37.6pp

276.72%-260.4pp

28.51%-12.2pp

Employer contribution / active EE

$11,359

$3,191+255.9%

$4,646+144.5%

$2,270+400.4%

Participant deferral / active EE

$9,580

$6,073+57.8%

$6,843+40.0%

$3,740+156.2%

Admin fee / account holder

$587

$551+6.5%

$9,312-93.7%

$513+14.3%

Provider

Service type

Compensation

BRADLEY FOSTER & SARGENT INC6+ years

Filed as: BRADLEY, FOSTER & SARGENT

Service code 10 · EIN 06-1380515

Accounting

$72,015

L. HARDY MASON6+ years

Service code 26 · EIN 22-6661613

Advisory (Participants)

$42,030

RESOURCES MANAGEMENT CORPORATION6+ years

Filed as: RESOURCES MANAGEMENT

Service code 26 · EIN 06-0944880

Advisory (Participants)

$19,004

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$14,113

HALSEY ASSOCIATES6+ years

Service code 16 · EIN 06-0972080

Consulting

$7,049

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES FINANCIAL.

Service code 16 · EIN 59-1237041

Consulting

$6,833

BLUM SHAPIRO6+ years

Filed as: BLUM, SHAPIRO & CO.

Service code 10 · EIN 06-1009205

Accounting

FIDUCIARY INVESTMENT ADVISORS6+ years

Service code 10 · EIN 20-4751585

Accounting

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$48,071

MURTHA CULLINA LLP PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURTHA CULLINA LLP PROFIT SHARING RETIREMENT 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