Retirement plan

MILBERG FACTORS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN

Name: MILBERG FACTORS, INC. - MILBERG FACTORS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: MILBERG FACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILBERG FACTORS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN, MILBERG FACTORS, INC.

MILBERG FACTORS, INC.EIN 13-2627714Plan #001PY 2017

99 PARK AVENUE, 21ST FLOOR - NEW YORK, NY 100161601212-697-4200milbergfactors.comLinkedIn51-200 employeesfinancial services

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$20.5M

+9.9% from 2016

Total participants

-2.6% from 2016

Average account balance

$305,843

+14.8% from 2016

Annual return

18.02%

+14.41 pp from 2016

Benchmarks

See 7,574 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,574 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.68M

Not enough data

1 years with asset history on file

Average account balance

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

$538K

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.

106.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+10.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3510

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 codes2E2G2J2T

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.4M

$35835 / participant

Other / not subdivided$2M100.0%

% of EOY assets

11.542%

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

$305,843

$100,033+205.7%

$149,716+104.3%

$70,124+336.1%

Participation rate

87.9%

83.6%+4.3pp

87.1%+0.8pp

69.5%+18.3pp

Annual return

18.02%

27.43%-9.4pp

1501.67%-1483.6pp

73.14%-55.1pp

Employer contribution / active EE

$5,998

$3,661+63.8%

$5,444+10.2%

$2,342+156.1%

Participant deferral / active EE

$6,885

$4,982+38.2%

$6,568+4.8%

$3,332+106.7%

Admin fee / account holder

$35,301

$8,285+326.1%

$11,282+212.9%

$4,645+659.9%

MILBERG FACTORS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILBERG FACTORS, INC. PROFIT SHARING & RETIREMENT SAVINGS 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