Retirement plan

MORRIS ROTHENBERG & SON, INC. PROFIT SHARING PLAN

Name: MORRIS ROTHENBERG & SON, INC. - MORRIS ROTHENBERG & SON, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: MORRIS ROTHENBERG & SON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORRIS ROTHENBERG & SON, INC. PROFIT SHARING PLAN, MORRIS ROTHENBERG & SON, INC.

MORRIS ROTHENBERG & SON, INC.EIN 11-2205667Plan #001PY 2023

3015 VETERANS MEMORIAL HWY. - RONKONKOMA, NY 117790512631-585-9446LinkedIn51-200 employeesconsumer goods

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$30.1M

+17.0% from 2022

Total participants

226

-5.4% from 2022

Average account balance

$145,183

+9.1% from 2022

Annual return

16.82%

+32.16 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.92M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

207

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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 3 by compensation

Provider	Service type	Compensation
HELD, KRANZLER, MCCOSKER & PULICE9+ years Filed as: HELD KRANZLER MCCOSKER & PULICE Service code 10 · EIN 13-4008185	Accounting	$18,500
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 16 · EIN 26-0058143	Consulting	$15,454
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$11,483

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$289 / participant

Recordkeeping$11K25.3%
Other / not subdivided$34K74.7%

% of EOY assets

0.151%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HELD, KRANZLER, MCCOSKER & PULICE
Auditor EIN: 134008185
Audit fees: $18,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,183

$83,045+74.8%

$130,045+11.6%

$71,511+103.0%

Participation rate

87.9%

74.1%+13.8pp

78.5%+9.4pp

67.9%+20.0pp

Annual return

16.82%

20.61%-3.8pp

-137.30%+154.1pp

28.86%-12.0pp

Employer contribution / active EE

$10,847

$2,623+313.5%

$4,321+151.0%

$2,589+318.9%

Participant deferral / active EE

$2,626

$4,436-40.8%

$5,820-54.9%

$4,291-38.8%

Admin fee / account holder

$220

$1,727-87.3%

$10,600-97.9%

$1,588-86.2%

Provider

Service type

Compensation

HELD, KRANZLER, MCCOSKER & PULICE9+ years

Filed as: HELD KRANZLER MCCOSKER & PULICE

Service code 10 · EIN 13-4008185

Accounting

$18,500

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 16 · EIN 26-0058143

Consulting

$15,454

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$11,483

MORRIS ROTHENBERG & SON, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORRIS ROTHENBERG & SON, INC. PROFIT SHARING 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