Retirement plan

SAHN WARD BRAFF COSCHIGNANO,PLLC 401(K) PROFIT SHARING PLAN

Name: SAHN WARD BRAFF COSCHIGNANO, PLLC - SAHN WARD BRAFF COSCHIGNANO,PLLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SAHN WARD BRAFF COSCHIGNANO, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAHN WARD BRAFF COSCHIGNANO,PLLC 401(K) PROFIT SHARING PLAN, SAHN WARD BRAFF COSCHIGNANO, PLLC

SAHN WARD BRAFF COSCHIGNANO, PLLCEIN 11-3472656Plan #001PY 2024

333 EARLE OVINGTON BLVD., SUITE 601 - UNIONDALE, NY 11553516-228-1300sahnward.comLinkedIn11-50 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.1M

+21.5% from 2023

Total participants

-3.6% from 2023

Average account balance

$154,310

+24.2% from 2023

Annual return

13.69%

-4.44 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.10M

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.

117.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$533K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2339

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 codes2E2F2H2J3B3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

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

$108K

$2759 / participant

Other / not subdivided$108K100.0%

% of EOY assets

1.516%

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

$154,310

$102,385+50.7%

$147,080+4.9%

$80,935+90.7%

Participation rate

82.1%

75.9%+6.2pp

82.2%-0.1pp

67.7%+14.4pp

Annual return

13.69%

135.09%-121.4pp

420.17%-406.5pp

35.66%-22.0pp

Employer contribution / active EE

$1,863

$3,717-49.9%

$4,933-62.2%

$2,757-32.4%

Participant deferral / active EE

$11,792

$6,651+77.3%

$8,066+46.2%

$4,299+174.3%

Admin fee / account holder

$2,339

$7,951-70.6%

$12,989-82.0%

$6,924-66.2%

SAHN WARD BRAFF COSCHIGNANO,PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAHN WARD BRAFF COSCHIGNANO,PLLC 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