Retirement plan

MARTIN FRIEDMAN, CPA, PC 401K PLAN

Name: MARTIN FRIEDMAN, C.P.A., P.C - MARTIN FRIEDMAN, CPA, PC 401K PLAN (2020) Form 5500
Creator: MARTIN FRIEDMAN, C.P.A., P.C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN FRIEDMAN, CPA, PC 401K PLAN, MARTIN FRIEDMAN, C.P.A., P.C

MARTIN FRIEDMAN, C.P.A., P.CEIN 11-2513584Plan #003PY 2020

2600 NOSTRAND AVE - BROOKLYN, NY 11210718-338-6900mfandco.comLinkedIn11-50 employeesaccounting

Other plans on this EIN

1 filing

#002Retirement-$10.7M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$2.7M

+21.3% from 2019

Total participants

+13.8% from 2019

Average account balance

$109,372

+6.7% from 2019

Annual return

5.83%

-5.98 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.81M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

106.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$542K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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)

$27457

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 codes2E2J2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$600

$20 / participant

Other / not subdivided$600100.0%

% of EOY assets

0.022%

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

$109,372

$98,760+10.7%

$149,715-26.9%

$79,858+37.0%

Participation rate

73.3%

75.8%-2.4pp

82.5%-9.1pp

69.6%+3.7pp

Annual return

5.83%

27.43%-21.6pp

276.66%-270.8pp

31.72%-25.9pp

Employer contribution / active EE

$3,217-100.0%

$4,645-100.0%

$2,471-100.0%

Participant deferral / active EE

$11,625

$5,681+104.6%

$6,842+69.9%

$3,740+210.8%

Admin fee / account holder

$24

$6,053-99.6%

$9,310-99.7%

$5,306-99.5%

MARTIN FRIEDMAN, CPA, PC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN FRIEDMAN, CPA, 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