Retirement plan

GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP

Name: GOLDBERG WEPRIN FINKEL GOLDSTEIN - GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP (2021) Form 5500
Creator: GOLDBERG WEPRIN FINKEL GOLDSTEIN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP, GOLDBERG WEPRIN FINKEL GOLDSTEIN

GOLDBERG WEPRIN FINKEL GOLDSTEINEIN 13-2549504Plan #002PY 2021

1501 BROADWAY, 22ND FLOOR - NEW YORK, NY 10036212-221-5700gwfglaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$1.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$17.2M

+14.0% from 2020

Total participants

0.0% from 2020

Average account balance

$231,954

+10.9% from 2020

Annual return

10.95%

+0.12 pp from 2020

Benchmarks

See 27,004 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,004 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.02M

Not enough data

1 years with asset history on file

Average account balance

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

$282K

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.

152.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$961K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+14.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6443

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 codes2F2G2T3D2E2J2R

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$467K

$9533 / participant

Other / not subdivided$467K100.0%

% of EOY assets

2.721%

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

$231,954

$105,200+120.5%

$159,474+45.4%

$85,847+170.2%

Participation rate

100.0%

75.8%+24.2pp

82.8%+17.2pp

69.3%+30.7pp

Annual return

10.95%

45.08%-34.1pp

263.68%-252.7pp

318.61%-307.7pp

Employer contribution / active EE

$7,915

$3,319+138.5%

$4,831+63.8%

$2,565+208.5%

Participant deferral / active EE

$10,793

$5,946+81.5%

$7,353+46.8%

$3,952+173.1%

Admin fee / account holder

$6,312

$6,934-9.0%

$10,802-41.6%

$6,261+0.8%

GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP

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