Retirement plan

HOWARD J. SCHAIN PROFIT SHARING PLAN

Name: HOWARD J. SCHAIN (CITY MARSHALL) - HOWARD J. SCHAIN PROFIT SHARING PLAN (2021) Form 5500
Creator: HOWARD J. SCHAIN (CITY MARSHALL)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOWARD J. SCHAIN PROFIT SHARING PLAN, HOWARD J. SCHAIN (CITY MARSHALL)

HOWARD J. SCHAIN (CITY MARSHALL)EIN 11-2893377Plan #002PY 2021

370 ATLANTIC AVE - BROOKLYN, NY 112171703718-330-0242LinkedIn1-10 employeesgovernment administration

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

+11.6% from 2020

Total participants

-18.8% from 2020

Average account balance

$186,825

+37.4% from 2020

Annual return

11.60%

+3.61 pp from 2020

Benchmarks

See 359 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort359 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.98M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

145.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2247

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$28K

$2135 / participant

Other / not subdivided$28K100.0%

% of EOY assets

1.143%

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

$186,825

$84,149+122.0%

$76,080+145.6%

$167,553+11.5%

Participation rate

100.0%

84.9%+15.1pp

79.4%+20.6pp

82.1%+17.9pp

Annual return

11.60%

54.99%-43.4pp

42.50%-30.9pp

478.89%-467.3pp

Employer contribution / active EE

$4,618-100.0%

$3,962-100.0%

$4,840-100.0%

Participant deferral / active EE

$5,796-100.0%

$4,905-100.0%

$6,343-100.0%

Admin fee / account holder

$2,135

$6,410-66.7%

$4,883-56.3%

$12,316-82.7%

HOWARD J. SCHAIN PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOWARD J. SCHAIN 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