Retirement plan

GARWIN GERSTEIN & FISHER, LLP PENSION PLAN

Name: GARWIN GERSTEIN & FISHER, LLP - GARWIN GERSTEIN & FISHER, LLP PENSION PLAN (2024) Form 5500
Creator: GARWIN GERSTEIN & FISHER, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARWIN GERSTEIN & FISHER, LLP PENSION PLAN, GARWIN GERSTEIN & FISHER, LLP

GARWIN GERSTEIN & FISHER, LLPEIN 13-2796816Plan #001PY 2024

88 PINE ST STE 2810 - NEW YORK, NY 10005212-398-0055garwingerstein.comLinkedIn1-10 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$128K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.5M

-39.4% from 2023

Total participants

0.0% from 2023

Average account balance

$247,451

-39.4% from 2023

Annual return

15.10%

-0.47 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.46M

Not enough data

1 years with asset history on file

Average account balance

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

$247K

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.

107.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$285K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$242862

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 codes2F2G2T3D2C2R3B

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$3.4M

$261544 / participant

Other / not subdivided$3M100.0%

% of EOY assets

98.146%

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

$247,451

$160,040+54.6%

$147,096+68.2%

$145,877+69.6%

Participation rate

76.9%

84.0%-7.1pp

82.2%-5.3pp

80.3%-3.4pp

Annual return

15.10%

98.49%-83.4pp

419.75%-404.7pp

551.28%-536.2pp

Employer contribution / active EE

$21,953

$5,289+315.0%

$4,936+344.8%

$4,663+370.8%

Participant deferral / active EE

$8,429-100.0%

$8,071-100.0%

$6,691-100.0%

Admin fee / account holder

$242,862

$15,050+1513.7%

$13,005+1767.4%

$13,402+1712.1%

GARWIN GERSTEIN & FISHER, LLP PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARWIN GERSTEIN & FISHER, LLP PENSION 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