Retirement plan

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

Name: MEYER, SUOZZI, ENGLISH & KLEIN, P.C. - MEYER, SUOZZI, ENGLISH & KLEIN, PC 401K PLAN (2017) 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 2017

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

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$43.5M

+14.4% from 2016

Total participants

154

-2.5% from 2016

Average account balance

$288,050

+18.9% from 2016

Annual return

14.72%

+7.50 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.11M

Not enough data

1 years with asset history on file

Average account balance

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

$464K

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.

178.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

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

+11.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47661

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS3+ years Service code 27 · EIN 46-0615386	Advisory (Plan)	$71,965
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$27,892
MADISON PENSION SERVICES, INC.2+ years Service code 11 · EIN 13-2845975	Actuarial	$5,427
BERDON LLP2+ years 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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$28K

$268 / participant

Contract admin$28K100.0%

% of EOY assets

0.064%

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

$288,050

$80,753+256.7%

$136,297+111.3%

$62,293+362.4%

Participation rate

97.1%

73.5%+23.6pp

81.9%+15.2pp

69.5%+27.6pp

Annual return

14.72%

35.83%-21.1pp

5156.19%-5141.5pp

28.90%-14.2pp

Employer contribution / active EE

$10,081

$2,884+249.6%

$4,696+114.7%

$2,042+393.6%

Participant deferral / active EE

$9,580

$5,164+85.5%

$6,247+53.3%

$3,169+202.3%

Admin fee / account holder

$185

$525-64.8%

$9,244-98.0%

$479-61.5%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS3+ years

Service code 27 · EIN 46-0615386

Advisory (Plan)

$71,965

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$27,892

MADISON PENSION SERVICES, INC.2+ years

Service code 11 · EIN 13-2845975

Actuarial

$5,427

BERDON LLP2+ years

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