Retirement plan

THE RETIREMENT PLAN OF OTTERBOURG P.C.

Name: OTTERBOURG P.C. - THE RETIREMENT PLAN OF OTTERBOURG P.C. (2023) Form 5500
Creator: OTTERBOURG P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RETIREMENT PLAN OF OTTERBOURG P.C., OTTERBOURG P.C.

OTTERBOURG P.C.EIN 13-2660310Plan #002PY 2023

230 PARK AVENUE, FLOOR 30 - NEW YORK, NY 10169212-905-3691otterbourg.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

2 filings

#003Retirement-$25.3M assets #004Retirement-$1.6M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$44.9M

+26.7% from 2022

Total participants

+4.1% from 2022

Average account balance

$936,334

+29.4% from 2022

Annual return

24.18%

+45.61 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.47M

Not enough data

1 years with asset history on file

Average account balance

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

$1.2M

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.

115.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+19.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33344

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 codes2E2F2G2T3D

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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$242K

$5767 / participant

Other / not subdivided$242K100.0%

% of EOY assets

0.539%

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

$936,334

$93,598+900.4%

$135,974+588.6%

$75,173+1145.6%

Participation rate

92.9%

75.2%+17.7pp

81.9%+10.9pp

67.2%+25.7pp

Annual return

24.18%

30.89%-6.7pp

68.30%-44.1pp

160.72%-136.5pp

Employer contribution / active EE

$26,287

$3,538+643.0%

$4,859+441.0%

$2,671+884.2%

Participant deferral / active EE

$6,405-100.0%

$7,760-100.0%

$4,126-100.0%

Admin fee / account holder

$5,046

$6,978-27.7%

$10,767-53.1%

$5,651-10.7%

THE RETIREMENT PLAN OF OTTERBOURG P.C.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RETIREMENT PLAN OF OTTERBOURG P.C.

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