Retirement plan

KAUFMAN DOLOWICH,LLP RETIREMENT PLAN

Name: KAUFMAN DOLOWICH,LLP - KAUFMAN DOLOWICH,LLP RETIREMENT PLAN (2024) Form 5500
Creator: KAUFMAN DOLOWICH,LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KAUFMAN DOLOWICH,LLP RETIREMENT PLAN, KAUFMAN DOLOWICH,LLP

KAUFMAN DOLOWICH,LLPEIN 11-3391604Plan #001PY 2024

135 CROSSWAYS PARK DRIVE, SUITE 201 - WOODBURY, NY 11797516-283-8736kaufmandolowich.comLinkedIn201-500 employeeslegal services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$44.1M

+15.5% from 2023

Total participants

506

+8.4% from 2023

Average account balance

$120,840

+11.1% from 2023

Annual return

14.91%

-3.22 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.11M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

365

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.

58.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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 4 by compensation

Provider	Service type	Compensation
FUSION FAMILY WEALTH, LLC10+ years Service code 27 88 FROELICH FARM BLVD. · WOODBURY, NY 11797	Advisory (Plan)	$76,436
AMERICAN FUNDS8 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$16,477
CREATIVE PLAN DESIGNS, LTD3 years Service code 13 90 MERRICK AVENUE · EAST MEADOW, NY 11554	Contract Administrator	$5,100
BPAS1 year Service code 13 6 RHOADS DR STE 7 · UTICA, NY 13502	Contract Administrator	$1,625

Plan features & details

Pension benefit codes2A2E2G2J2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$92K

$272 / participant

Contract admin$92K100.0%

% of EOY assets

0.209%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,840

$106,230+13.8%

$147,080-17.8%

$77,736+55.4%

Participation rate

58.4%

78.4%-20.0pp

82.2%-23.8pp

70.6%-12.2pp

Annual return

14.91%

56.91%-42.0pp

420.17%-405.3pp

31.26%-16.3pp

Employer contribution / active EE

$2,003

$4,072-50.8%

$4,933-59.4%

$2,728-26.6%

Participant deferral / active EE

$7,769

$8,001-2.9%

$8,066-3.7%

$4,651+67.0%

Admin fee / account holder

$252

$338-25.5%

$12,989-98.1%

$433-41.8%

Provider

Service type

Compensation

FUSION FAMILY WEALTH, LLC10+ years

Service code 27

88 FROELICH FARM BLVD. · WOODBURY, NY 11797

Advisory (Plan)

$76,436

AMERICAN FUNDS8 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$16,477

CREATIVE PLAN DESIGNS, LTD3 years

Service code 13

90 MERRICK AVENUE · EAST MEADOW, NY 11554

Contract Administrator

$5,100

BPAS1 year

Service code 13

6 RHOADS DR STE 7 · UTICA, NY 13502

Contract Administrator

$1,625

KAUFMAN DOLOWICH,LLP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KAUFMAN DOLOWICH,LLP 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