Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF LAWYERS ALLIANCE FOR NEW YORK

Name: LAWYERS ALLIANCE FOR NEW YORK - 403(B) THRIFT PLAN FOR EMPLOYEES OF LAWYERS ALLIANCE FOR NEW YORK (2022) Form 5500
Creator: LAWYERS ALLIANCE FOR NEW YORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF LAWYERS ALLIANCE FOR NEW YORK, LAWYERS ALLIANCE FOR NEW YORK

LAWYERS ALLIANCE FOR NEW YORKEIN 13-2666432Plan #001PY 2022

171 MADISON AVE FL 9 - NEW YORK, NY 100165142212-219-1800lawyersalliance.orgLinkedIn11-50 employeeslegal services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

-27.3% from 2021

Total participants

-4.3% from 2021

Average account balance

$108,533

-20.5% from 2021

Annual return

-14.84%

-33.89 pp from 2021

Benchmarks

See 133,909 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,909 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.93M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

306.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$280K

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18788

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 codes2G2J2E

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.

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

$1.1M

$64338 / participant

Other / not subdivided$1M100.0%

% of EOY assets

23.436%

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

$108,533

$138,078-21.4%

$125,363-13.4%

$134,509-19.3%

Participation rate

88.2%

84.5%+3.7pp

82.4%+5.9pp

81.2%+7.0pp

Annual return

-14.84%

750.49%-765.3pp

572.15%-587.0pp

418.13%-433.0pp

Employer contribution / active EE

$3,968

$5,245-24.3%

$4,815-17.6%

$4,741-16.3%

Participant deferral / active EE

$13,409

$7,800+71.9%

$7,447+80.1%

$6,400+109.5%

Admin fee / account holder

$25,436

$11,566+119.9%

$10,005+154.2%

$11,427+122.6%

403(B) THRIFT PLAN FOR EMPLOYEES OF LAWYERS ALLIANCE FOR NEW YORK

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF LAWYERS ALLIANCE FOR NEW YORK

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