Retirement plan

MEYER, SUOZZI, ENGLISH & KLEIN, PC 401K PLAN

Name: MEYER, SUOZZI, ENGLISH & KLEIN, P.C. - MEYER, SUOZZI, ENGLISH & KLEIN, PC 401K PLAN (2016) Form 5500
Creator: MEYER, SUOZZI, ENGLISH & KLEIN, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEYER, SUOZZI, ENGLISH & KLEIN, PC 401K PLAN, MEYER, SUOZZI, ENGLISH & KLEIN, P.C.

MEYER, SUOZZI, ENGLISH & KLEIN, P.C.EIN 11-2340639Plan #001PY 2016

990 STEWART AVENUE, STE 300 - GARDEN CITY, NY 115309194516-741-6565msek.comLinkedIn51-200 employeeslaw practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$38M

+5.5% from 2015

Total participants

158

-6.0% from 2015

Average account balance

$242,174

+12.2% from 2015

Annual return

7.22%

+7.20 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.42M

Not enough data

1 years with asset history on file

Average account balance

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

$441K

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.

177.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36765

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

Top 4 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS2+ years Service code 27 · EIN 46-0615386	Advisory (Plan)	$65,129
MADISON PENSION SERVICES, INC.1 year Service code 11 · EIN 13-2845975	Actuarial	$7,629
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$4,967
BERDON LLP1 year Filed as: BERDON ACCOUNTANTS AND ADVISORS Service code 10 · EIN 13-0485070	Accounting	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$5K

$45 / participant

Contract admin$5K100.0%

% of EOY assets

0.013%

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: BERDON LLP
Auditor EIN: 130485070
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$242,174

$75,183+222.1%

$123,894+95.5%

$55,167+339.0%

Participation rate

99.1%

72.8%+26.3pp

81.4%+17.7pp

69.0%+30.1pp

Annual return

7.22%

19.01%-11.8pp

47.52%-40.3pp

169.23%-162.0pp

Employer contribution / active EE

$8,698

$2,823+208.1%

$4,617+88.4%

$1,963+343.2%

Participant deferral / active EE

$9,578

$5,084+88.4%

$5,984+60.1%

$3,054+213.6%

Admin fee / account holder

$32

$663-95.2%

$8,357-99.6%

$504-93.7%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS2+ years

Service code 27 · EIN 46-0615386

Advisory (Plan)

$65,129

MADISON PENSION SERVICES, INC.1 year

Service code 11 · EIN 13-2845975

Actuarial

$7,629

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$4,967

BERDON LLP1 year

Filed as: BERDON ACCOUNTANTS AND ADVISORS

Service code 10 · EIN 13-0485070

Accounting

MEYER, SUOZZI, ENGLISH & KLEIN, PC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEYER, SUOZZI, ENGLISH & KLEIN, PC 401K 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