Retirement plan

TWOMEY, LATHAM, SHEA, KELLEY, DUBIN & QUARTARARO 401(K) PROFIT SHARING PLAN

Name: TWOMEYLATHAMSHEAKELLEYDUBINQUARTARARO LLP - TWOMEY, LATHAM, SHEA, KELLEY, DUBIN & QUARTARARO 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: TWOMEYLATHAMSHEAKELLEYDUBINQUARTARARO LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWOMEY, LATHAM, SHEA, KELLEY, DUBIN & QUARTARARO 401(K) PROFIT SHARING PLAN, TWOMEYLATHAMSHEAKELLEYDUBINQUARTARARO LLP

TWOMEYLATHAMSHEAKELLEYDUBINQUARTARARO LLPEIN 11-2687291Plan #001PY 2018

PO BOX 9398 - RIVERHEAD, NY 119019398631-727-2180

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.6M

-6.7% from 2017

Total participants

+12.1% from 2017

Average account balance

$150,542

-16.9% from 2017

Annual return

-7.66%

-23.96 pp from 2017

Benchmarks

See 25,536 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,536 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.13M

Not enough data

1 years with asset history on file

Average account balance

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

$335K

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.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$674K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+16.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12159

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 codes2F2G2J2T3B3D3H2E

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$445K

$7677 / participant

Other / not subdivided$445K100.0%

% of EOY assets

4.621%

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

$150,542

$77,816+93.5%

$123,549+21.8%

$64,181+134.6%

Participation rate

98.3%

74.7%+23.6pp

82.3%+16.0pp

69.6%+28.7pp

Annual return

-7.66%

12.49%-20.1pp

119.20%-126.9pp

7.63%-15.3pp

Employer contribution / active EE

$3,016

$3,014+0.1%

$4,628-34.8%

$2,381+26.7%

Participant deferral / active EE

$6,495

$5,240+24.0%

$6,426+1.1%

$3,470+87.2%

Admin fee / account holder

$6,957

$5,519+26.1%

$9,284-25.1%

$4,887+42.4%

TWOMEY, LATHAM, SHEA, KELLEY, DUBIN & QUARTARARO 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWOMEY, LATHAM, SHEA, KELLEY, DUBIN & QUARTARARO 401(K) 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