Retirement plan

RIVKIN RADLER LLP 401(K) SAVINGS & PROFIT SHARING PLAN

Name: RIVKIN RADLER LLP - RIVKIN RADLER LLP 401(K) SAVINGS & PROFIT SHARING PLAN (2017) Form 5500
Creator: RIVKIN RADLER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIVKIN RADLER LLP 401(K) SAVINGS & PROFIT SHARING PLAN, RIVKIN RADLER LLP

RIVKIN RADLER LLPEIN 11-1853927Plan #003PY 2017

926 RXR PLAZA - UNIONDALE, NY 115560926516-357-3000rivkinradler.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$95.9M

+21.2% from 2016

Total participants

408

+12.4% from 2016

Average account balance

$247,219

+5.6% from 2016

Annual return

22.09%

+15.08 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$185.22M

Not enough data

1 years with asset history on file

Average account balance

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

$326K

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.

568

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.81M

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

+15.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 38 · EIN 04-1590850	Participant Communication	$86,881
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLC Service code 27	Advisory (Plan)	$45,000
GRASSI & CO3+ years Filed as: GRASSI & CO. Service code 10 · EIN 11-3266576	Accounting	$26,674
CONDUENT HR CONSULTING, LLC2 years Service code 11 · EIN 13-3954297	Actuarial	$14,050
AB FUNDS1 year Service code 52 · EIN 13-4064930	Indirect Investment Fees	$0
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTSS Service code 52	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-1202943	Indirect Investment Fees	$0

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$131K

$391 / participant

Investment mgmt$33K25.4%
Contract admin$50K38.5%
Other / not subdivided$47K36.1%

% of EOY assets

0.136%

all-in expense ratio

Categories reported

2 / 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: GRASSI & CO
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$247,219

$155,795+58.7%

$136,298+81.4%

$69,631+255.0%

Participation rate

94.0%

75.2%+18.8pp

81.9%+12.1pp

70.7%+23.3pp

Annual return

22.09%

232464.33%-232442.2pp

5156.27%-5134.2pp

27571.02%-27548.9pp

Employer contribution / active EE

$6,471

$2,991+116.4%

$4,696+37.8%

$2,032+218.4%

Participant deferral / active EE

$8,470

$5,394+57.0%

$6,247+35.6%

$3,224+162.7%

Admin fee / account holder

$337

$128+163.0%

$9,244-96.4%

$110+205.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 38 · EIN 04-1590850

Participant Communication

$86,881

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

Advisory (Plan)

$45,000

GRASSI & CO3+ years

Filed as: GRASSI & CO.

Service code 10 · EIN 11-3266576

Accounting

$26,674

CONDUENT HR CONSULTING, LLC2 years

Service code 11 · EIN 13-3954297

Actuarial

$14,050

AB FUNDS1 year

Service code 52 · EIN 13-4064930

Indirect Investment Fees

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN CENTURY1 year

Service code 52 · EIN 44-6006315

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTSS

Service code 52

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-1202943

Indirect Investment Fees

RIVKIN RADLER LLP 401(K) SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIVKIN RADLER LLP 401(K) SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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