Retirement plan

STEVEN L. LEVITT & ASSOCIATES P.C. 401(K) PLAN FOR ASSOCIATE ATTORNEYS

Name: STEVEN L. LEVITT & ASSOCIATES P.C. - STEVEN L. LEVITT & ASSOCIATES P.C. 401(K) PLAN FOR ASSOCIATE ATTORNEYS (2021) Form 5500
Creator: STEVEN L. LEVITT & ASSOCIATES P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEVEN L. LEVITT & ASSOCIATES P.C. 401(K) PLAN FOR ASSOCIATE ATTORNEYS, STEVEN L. LEVITT & ASSOCIATES P.C.

STEVEN L. LEVITT & ASSOCIATES P.C.EIN 11-2745972Plan #002PY 2021

129 FRONT STREET - MINEOLA, NY 11501516-248-9700levittlawllp.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$3.4M assets #003Retirement-$737K assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$628K

+29.1% from 2020

Total participants

-12.5% from 2020

Average account balance

$104,675

+29.1% from 2020

Annual return

12.47%

-5.37 pp from 2020

Benchmarks

See 126,087 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,087 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$922K

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$78K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10417

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 codes2E2G2J2T3D

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$104,675

$176,120-40.6%

$159,487-34.4%

$167,553-37.5%

Participation rate

83.3%

85.0%-1.6pp

82.8%+0.5pp

82.1%+1.2pp

Annual return

12.47%

331.95%-319.5pp

263.71%-251.2pp

478.89%-466.4pp

Employer contribution / active EE

$5,299-100.0%

$4,831-100.0%

$4,840-100.0%

Participant deferral / active EE

$13,464

$7,752+73.7%

$7,354+83.1%

$6,343+112.3%

Admin fee / account holder

$12,561-100.0%

$10,804-100.0%

$12,316-100.0%

STEVEN L. LEVITT & ASSOCIATES P.C. 401(K) PLAN FOR ASSOCIATE ATTORNEYS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

STEVEN L. LEVITT & ASSOCIATES P.C. 401(K) PLAN FOR ASSOCIATE ATTORNEYS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion