Retirement plan

MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C. 401K PROFIT SHARING PLAN & TRUST

Name: MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C. - MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C. 401K PROFIT SHARING PLAN & TRUST (2017) Form 5500
Creator: MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C. 401K PROFIT SHARING PLAN & TRUST, MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C.

MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C.EIN 13-2996017Plan #006PY 2017

565 FIFTH AVENUE - NEW YORK, NY 100172413212-856-9600maglaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#005Retirement-$7.7M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$28.7M

+8.3% from 2016

Total participants

197

0.0% from 2016

Average account balance

$148,656

+2.1% from 2016

Annual return

10.27%

+11.27 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

$63.25M

Not enough data

1 years with asset history on file

Average account balance

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

$269K

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.

235

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.

81.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$69,091
MARKS PANETH LLP2+ years Filed as: MARKS, PANETH & SHRON, LLP Service code 10 685 THIRD AVENUE · NEW YORK, NY 10017	Accounting	$18,256
NEUBERGER BERMAN2+ years Filed as: NEUBERGER BERMAN TRUST CO. NA Service code 25 605 THIRD AVENUE · NEW YORK, NY 10158	Directed Trustee	$15,544
AMERICAN REALTY ADVISORS2+ years Filed as: AMERICAN PENSION CORPORATION Service code 13 1375 PLAINFIELD AVENUE · WATCHUNG, NJ 07069	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,756
PHILIP TAM2+ years Filed as: PHILIP N. ROTGIN, P.C. THE LAW FIRM Service code 29 586 RXR PLZ · UNIONDALE, NY 11556	Legal	$850

Plan features & details

Pension benefit codes2A2E2F2G2J3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$83K

$1235 / participant

Investment mgmt$37K44.6%
Other / not subdivided$46K55.4%

% of EOY assets

0.288%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MARKS PANETH, LLP
Auditor EIN: 113518842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$148,656

$85,766+73.3%

$136,298+9.1%

$70,126+112.0%

Participation rate

94.0%

74.2%+19.9pp

81.9%+12.1pp

69.5%+24.5pp

Annual return

10.27%

31.46%-21.2pp

5156.27%-5146.0pp

73.15%-62.9pp

Employer contribution / active EE

$12,025

$2,966+305.4%

$4,696+156.1%

$2,343+413.3%

Participant deferral / active EE

$12,548

$5,051+148.4%

$6,247+100.9%

$3,332+276.6%

Admin fee / account holder

$429

$5,421-92.1%

$9,244-95.4%

$4,645-90.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$69,091

MARKS PANETH LLP2+ years

Filed as: MARKS, PANETH & SHRON, LLP

Service code 10

685 THIRD AVENUE · NEW YORK, NY 10017

Accounting

$18,256

NEUBERGER BERMAN2+ years

Filed as: NEUBERGER BERMAN TRUST CO. NA

Service code 25

605 THIRD AVENUE · NEW YORK, NY 10158

Directed Trustee

$15,544

AMERICAN REALTY ADVISORS2+ years

Filed as: AMERICAN PENSION CORPORATION

Service code 13

1375 PLAINFIELD AVENUE · WATCHUNG, NJ 07069

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,756

PHILIP TAM2+ years

Filed as: PHILIP N. ROTGIN, P.C. THE LAW FIRM

Service code 29

586 RXR PLZ · UNIONDALE, NY 11556

Legal

$850

MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C. 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORVILLO, ABRAMOWITZ, GRAND, IASON & ANELLO P.C. 401K PROFIT SHARING PLAN & 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