Retirement plan

PRYOR CASHMAN LLP 401(K) PLAN

Name: PRYOR CASHMAN LLP - PRYOR CASHMAN LLP 401(K) PLAN (2017) Form 5500
Creator: PRYOR CASHMAN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRYOR CASHMAN LLP 401(K) PLAN, PRYOR CASHMAN LLP

PRYOR CASHMAN LLPEIN 13-1859294Plan #003PY 2017

7 TIMES SQUARE - NEW YORK, NY 100366569212-421-4100pryorcashman.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#002Retirement-$42.3M assets #006Retirement-$7.9M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$46.9M

+22.0% from 2016

Total participants

245

+9.9% from 2016

Average account balance

$197,036

-0.6% from 2016

Annual return

18.79%

+10.90 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$160.61M

Not enough data

1 years with asset history on file

Average account balance

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

$532K

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.

302

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$49K

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

+19.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$484

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 2 by compensation

Provider	Service type	Compensation
IMPROVED FUNDING TECHNIQUES, INC.2 years Service code 99 · EIN 11-2301188	Other Fees	$53,507
IMPROVED FUNDING TECHNIQUES, INC.2 years Filed as: IMPROVED FUNDNG TECHNIQUES, INC. Service code 99	Other Fees	$6,998

Plan features & details

Pension benefit codes2E2F2G2J2K2S3B

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$8 / participant

Contract admin$2K100.0%

% of EOY assets

0.003%

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: MARKS PANETH LLP
Auditor EIN: 113518842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,036

$80,753+144.0%

$136,298+44.6%

$62,293+216.3%

Participation rate

96.4%

73.5%+22.8pp

81.9%+14.5pp

69.5%+26.9pp

Annual return

18.79%

35.83%-17.0pp

5156.27%-5137.5pp

28.90%-10.1pp

Employer contribution / active EE

$384

$2,884-86.7%

$4,696-91.8%

$2,042-81.2%

Participant deferral / active EE

$10,935

$5,164+111.8%

$6,247+75.0%

$3,169+245.1%

Admin fee / account holder

$525-98.8%

$9,244-99.9%

$479-98.6%

Provider

Service type

Compensation

IMPROVED FUNDING TECHNIQUES, INC.2 years

Service code 99 · EIN 11-2301188

Other Fees

$53,507

IMPROVED FUNDING TECHNIQUES, INC.2 years

Filed as: IMPROVED FUNDNG TECHNIQUES, INC.

Service code 99

Other Fees

$6,998

PRYOR CASHMAN LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRYOR CASHMAN LLP 401(K) 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