Retirement plan

BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C. PROFIT SHARING PLAN

Name: BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C. - BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C. PROFIT SHARING PLAN (2017) Form 5500
Creator: BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C. PROFIT SHARING PLAN, BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C.

BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C.EIN 11-3142336Plan #003PY 2017

100 GARDEN CITY PLAZA - GARDEN CITY, NY 11530516-222-6200bhpp.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$6.8M

+15.0% from 2016

Total participants

105

-11.8% from 2016

Average account balance

$119,051

+4.9% from 2016

Annual return

16.21%

+8.95 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.03M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

142.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$189K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7590

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 codes2E2J2G3D2F

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$12K

$140 / participant

Contract admin$11K89.3%
Other / not subdivided$1K10.7%

% of EOY assets

0.175%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TMI CPA, P.C.
Auditor EIN: 472426908
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,051

$85,766+38.8%

$136,298-12.7%

$70,126+69.8%

Participation rate

43.5%

74.2%-30.6pp

81.9%-38.4pp

69.5%-26.0pp

Annual return

16.21%

31.46%-15.2pp

5156.27%-5140.1pp

73.15%-56.9pp

Employer contribution / active EE

$2,966-100.0%

$4,696-100.0%

$2,343-100.0%

Participant deferral / active EE

$4,973

$5,051-1.6%

$6,247-20.4%

$3,332+49.3%

Admin fee / account holder

$209

$5,421-96.2%

$9,244-97.7%

$4,645-95.5%

BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKMAN, HENOCH, PETERSON, PEDDY & FENCHEL, P.C. 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