Retirement plan

REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN

Name: REID AND RIEGE, P.C. - REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN (2024) Form 5500
Creator: REID AND RIEGE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN, REID AND RIEGE, P.C.

REID AND RIEGE, P.C.EIN 06-0867204Plan #003PY 2024

ONE FINANCIAL PLAZA, 21ST FLOOR - HARTFORD, CT 06103860-240-1064rrlawpc.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$5.7M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$29.8M

+4.8% from 2023

Total participants

-8.6% from 2023

Average account balance

$408,211

+14.8% from 2023

Annual return

13.11%

-4.40 pp from 2023

Benchmarks

See 28,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,844 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.80M

Not enough data

1 years with asset history on file

Average account balance

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

$408K

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.

162.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53274

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 codes2E2F2G2J2T

Plan features

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.

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

$3.9M

$86422 / participant

Other / not subdivided$4M100.0%

% of EOY assets

13.051%

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

$408,211

$102,422+298.6%

$147,117+177.5%

$80,959+404.2%

Participation rate

97.8%

75.9%+21.9pp

82.2%+15.6pp

67.7%+30.1pp

Annual return

13.11%

135.16%-122.0pp

420.54%-407.4pp

35.67%-22.6pp

Employer contribution / active EE

$19,841

$3,717+433.7%

$4,932+302.3%

$2,757+619.6%

Participant deferral / active EE

$13,946

$6,652+109.7%

$8,065+72.9%

$4,300+224.3%

Admin fee / account holder

$53,274

$7,953+569.8%

$12,993+310.0%

$6,925+669.3%

REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REID AND RIEGE, P.C. SAVINGS AND 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