Retirement plan

GARFUNKEL WILD PC 401(K) RETIREMENT PLAN

Name: GARFUNKEL WILD PC - GARFUNKEL WILD PC 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: GARFUNKEL WILD PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARFUNKEL WILD PC 401(K) RETIREMENT PLAN, GARFUNKEL WILD PC

GARFUNKEL WILD PCEIN 11-2526447Plan #002PY 2022

111 GREAT NECK ROAD - GREAT NECK, NY 110215402516-393-2275garfunkelwild.comLinkedIn201-500 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$66M

-20.8% from 2021

Total participants

178

+4.1% from 2021

Average account balance

$381,249

-24.9% from 2021

Annual return

-19.62%

-33.44 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$90.54M

Not enough data

1 years with asset history on file

Average account balance

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

$533K

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.

170

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.55M

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

+16.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$524

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 10 of 15 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC8+ years Filed as: T. ROWE PRICE TRUST COMPANY Service code 15 · EIN 52-1309931	Recordkeeping	$2,100
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN BEACON Service code 28	Investment Management	$0
AMERICAN REALTY ADVISORS6 years Filed as: AMERICAN BEACON FUNDS Service code 28 · EIN 75-2401150	Investment Management	$0
AMERICAN FUNDS6 years Service code 28 · EIN 95-1411037	Investment Management	$0
COHEN & STEERS4 years Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
FRANKLIN TEMPLETON2 years Service code 28 · EIN 13-2670991	Investment Management	$0
GOLDMAN SACHS2 years Filed as: GOLDMAN SACHS FUNDS Service code 28 · EIN 13-3575636	Investment Management	$0
INVESCO2 years Service code 28 · EIN 26-4521338	Investment Management	$0
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK Service code 28 · EIN 04-3483032	Investment Management	$0

Plan features & details

Pension benefit codes2F2G2J2K3D2T2E

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$86K

$614 / participant

Investment mgmt$53K62.1%
Other / not subdivided$33K37.9%

% of EOY assets

0.130%

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: MAYER HOFFMAN MCCANN CPAS
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$381,249

$84,493+351.2%

$125,381+204.1%

$66,938+469.6%

Participation rate

96.4%

76.4%+20.0pp

82.4%+14.0pp

69.8%+26.6pp

Annual return

-19.62%

-8.49%-11.1pp

572.31%-591.9pp

1.58%-21.2pp

Employer contribution / active EE

$3,494

$3,554-1.7%

$4,815-27.4%

$2,545+37.3%

Participant deferral / active EE

$13,500

$6,783+99.0%

$7,448+81.3%

$4,238+218.5%

Admin fee / account holder

$497

$685-27.5%

$10,007-95.0%

$594-16.3%

Provider

Service type

Compensation

T ROWE PRICE RPS INC8+ years

Filed as: T. ROWE PRICE TRUST COMPANY

Service code 15 · EIN 52-1309931

Recordkeeping

$2,100

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN BEACON

Service code 28

Investment Management

AMERICAN REALTY ADVISORS6 years

Filed as: AMERICAN BEACON FUNDS

Service code 28 · EIN 75-2401150

Investment Management

AMERICAN FUNDS6 years

Service code 28 · EIN 95-1411037

Investment Management

COHEN & STEERS4 years

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

FRANKLIN TEMPLETON2 years

Service code 28 · EIN 13-2670991

Investment Management

GOLDMAN SACHS2 years

Filed as: GOLDMAN SACHS FUNDS

Service code 28 · EIN 13-3575636

Investment Management

INVESCO2 years

Service code 28 · EIN 26-4521338

Investment Management

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK

Service code 28 · EIN 04-3483032

Investment Management

GARFUNKEL WILD PC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARFUNKEL WILD PC 401(K) RETIREMENT 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