Retirement plan

KLEINBERG, KAPLAN, WOLFF & COHEN, P.C. 401(K) PROFIT SHARING PLAN

Name: KLEINBERG, KAPLAN, WOLFF & COHEN, P.C. - KLEINBERG, KAPLAN, WOLFF & COHEN, P.C. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: KLEINBERG, KAPLAN, WOLFF & COHEN, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLEINBERG, KAPLAN, WOLFF & COHEN, P.C. 401(K) PROFIT SHARING PLAN, KLEINBERG, KAPLAN, WOLFF & COHEN, P.C.

KLEINBERG, KAPLAN, WOLFF & COHEN, P.C.EIN 13-2832785Plan #001PY 2017

551 FIFTH AVENUE, 18TH FLOOR - NEW YORK, NY 10176212-986-6000kkwc.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$74.1M

+6.6% from 2016

Total participants

123

0.0% from 2016

Average account balance

$602,201

+6.6% from 2016

Annual return

10.21%

-0.19 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$122.21M

Not enough data

1 years with asset history on file

Average account balance

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

$861K

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.

142

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+11.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$524

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
ELLIOTT INTERNATIONAL LIMITED1 year Filed as: ELLIOTT INTERNATIONAL LTD Service code 57	Redemption fees	$42,547
SENTINEL PENSION ADVISORS3+ years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766	Recordkeeping	$13,300
NATIONAL FINANCIAL SERVICES1 year Service code 19 · EIN 04-3523567	Securities Custodian	$8,012

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$64K

$726 / participant

Contract admin$21K33.4%
Other / not subdivided$43K66.6%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVID DUKOFF, CPA
Auditor EIN: 263560862
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$602,201

$85,766+602.1%

$136,298+341.8%

$70,126+758.7%

Participation rate

100.0%

74.2%+25.8pp

81.9%+18.1pp

69.5%+30.5pp

Annual return

10.21%

31.46%-21.2pp

5156.27%-5146.1pp

73.15%-62.9pp

Employer contribution / active EE

$8,529

$2,966+187.6%

$4,696+81.6%

$2,343+264.1%

Participant deferral / active EE

$11,594

$5,051+129.5%

$6,247+85.6%

$3,332+248.0%

Admin fee / account holder

$519

$5,421-90.4%

$9,244-94.4%

$4,645-88.8%

Provider

Service type

Compensation

ELLIOTT INTERNATIONAL LIMITED1 year

Filed as: ELLIOTT INTERNATIONAL LTD

Service code 57

Redemption fees

$42,547

SENTINEL PENSION ADVISORS3+ years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

Recordkeeping

$13,300

NATIONAL FINANCIAL SERVICES1 year

Service code 19 · EIN 04-3523567

Securities Custodian

$8,012

KLEINBERG, KAPLAN, WOLFF & COHEN, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLEINBERG, KAPLAN, WOLFF & COHEN, P.C. 401(K) PROFIT SHARING 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