Retirement plan

LOWEY DANNENBERG COHEN & HART, P.C. 401(K)PROFIT SHARING PLAN AND TRUST

Name: LOWEY DANNENBERG COHEN & HART, P.C. - LOWEY DANNENBERG COHEN & HART, P.C. 401(K)PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: LOWEY DANNENBERG COHEN & HART, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOWEY DANNENBERG COHEN & HART, P.C. 401(K)PROFIT SHARING PLAN AND TRUST, LOWEY DANNENBERG COHEN & HART, P.C.

LOWEY DANNENBERG COHEN & HART, P.C.EIN 13-2974171Plan #003PY 2016

ONE NORTH BROADWAY - WHITE PLAINS, NY 10601914-997-0500lowey.comLinkedIn11-50 employeeslaw practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+18.3% from 2015

Total participants

+41.4% from 2015

Average account balance

$85,949

-29.0% from 2015

Annual return

17.11%

+18.51 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.81M

Not enough data

1 years with asset history on file

Average account balance

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

$211K

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$807K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+20.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3220

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 codes2E2F2G2J3D

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.
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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$318K

$8369 / participant

Other / not subdivided$318K100.0%

% of EOY assets

9.250%

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

$85,949

$76,551+12.3%

$123,894-30.6%

$62,881+36.7%

Participation rate

97.4%

73.0%+24.4pp

81.4%+16.0pp

69.3%+28.1pp

Annual return

17.11%

18.68%-1.6pp

47.52%-30.4pp

20.14%-3.0pp

Employer contribution / active EE

$1,529

$2,882-47.0%

$4,617-66.9%

$2,281-33.0%

Participant deferral / active EE

$7,782

$4,840+60.8%

$5,984+30.0%

$3,203+143.0%

Admin fee / account holder

$7,950

$4,826+64.7%

$8,357-4.9%

$4,296+85.1%

LOWEY DANNENBERG COHEN & HART, P.C. 401(K)PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOWEY DANNENBERG COHEN & HART, P.C. 401(K)PROFIT SHARING PLAN AND TRUST

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