Retirement plan

MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Name: MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C. - MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C. 401(K) PROFIT SHARING PLAN AND TRUST (2018) 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. 401(K) PROFIT SHARING PLAN AND TRUST, MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C.

MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C.EIN 13-2996017Plan #006PY 2018

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$39.5M

+37.6% from 2017

Total participants

194

-1.5% from 2017

Average account balance

$205,663

+38.3% from 2017

Annual return

35.17%

+24.90 pp from 2017

Benchmarks

See 25,537 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,537 peers

Snapshot2018

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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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$76,516
NEUBERGER BERMAN1 year Filed as: NEUBERGER BERMAN TRUST COMPANY NA Service code 25 605 THIRD AVE 19TH FL · NEW YORK, NY 10158	Directed Trustee	$22,598
MARKS PANETH LLP1 year Service code 10 · EIN 11-3518842	Accounting	$18,394
AMERICAN REALTY ADVISORS1 year Filed as: PETER COUGHLIN DBA AMERICAN Service code 13 1375 PLAINFIELD AVENUE · WATCHUNG, NJ 07069	Contract Administrator	$7,500
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	$2,941

Plan features & details

Pension benefit codes2E2F2G2J2T3D2A

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.
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.
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

$104K

$1606 / participant

Other / not subdivided$104K100.0%

% of EOY assets

0.264%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,663

$77,813+164.3%

$123,544+66.5%

$64,186+220.4%

Participation rate

96.9%

74.7%+22.2pp

82.3%+14.6pp

69.6%+27.4pp

Annual return

35.17%

12.48%+22.7pp

119.20%-84.0pp

7.63%+27.5pp

Employer contribution / active EE

$12,563

$3,014+316.8%

$4,628+171.5%

$2,381+427.7%

Participant deferral / active EE

$13,507

$5,240+157.8%

$6,426+110.2%

$3,470+289.3%

Admin fee / account holder

$544

$5,519-90.1%

$9,284-94.1%

$4,888-88.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$76,516

NEUBERGER BERMAN1 year

Filed as: NEUBERGER BERMAN TRUST COMPANY NA

Service code 25

605 THIRD AVE 19TH FL · NEW YORK, NY 10158

Directed Trustee

$22,598

MARKS PANETH LLP1 year

Service code 10 · EIN 11-3518842

Accounting

$18,394

AMERICAN REALTY ADVISORS1 year

Filed as: PETER COUGHLIN DBA AMERICAN

Service code 13

1375 PLAINFIELD AVENUE · WATCHUNG, NJ 07069

Contract Administrator

$7,500

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

$2,941

MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORVILLO ABRAMOWITZ GRAND IASON & ANELLO 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