Retirement plan

L'ABBATE & BALKAN 401-K PLAN FOR ASSOCIATES

Name: LABBATE, BALKAN, COLAVITA & CONTINI, LLP - L'ABBATE & BALKAN 401-K PLAN FOR ASSOCIATES (2024) Form 5500
Creator: LABBATE, BALKAN, COLAVITA & CONTINI, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L'ABBATE & BALKAN 401-K PLAN FOR ASSOCIATES, LABBATE, BALKAN, COLAVITA & CONTINI, LLP

LABBATE, BALKAN, COLAVITA & CONTINI, LLPEIN 13-3086010Plan #006PY 2024

3 HUNTINGTON QUADRANGLE, SUITE 102S - MELVILLE, NY 11747516-294-8844

Other plans on this EIN

1 filing

#007Retirement-$16.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.8M

+17.4% from 2023

Total participants

-9.7% from 2023

Average account balance

$141,231

+26.1% from 2023

Annual return

13.71%

-2.69 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

$3.81M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

158.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$175K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2576

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 codes2E2J2F2G3D3B

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.
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

$70K

$4092 / participant

Other / not subdivided$70K100.0%

% of EOY assets

1.824%

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

$141,231

$160,040-11.8%

$147,096-4.0%

$145,877-3.2%

Participation rate

94.1%

84.0%+10.1pp

82.2%+11.9pp

80.3%+13.8pp

Annual return

13.71%

98.49%-84.8pp

419.75%-406.0pp

551.28%-537.6pp

Employer contribution / active EE

$2,857

$5,289-46.0%

$4,936-42.1%

$4,663-38.7%

Participant deferral / active EE

$7,449

$8,429-11.6%

$8,071-7.7%

$6,691+11.3%

Admin fee / account holder

$2,576

$15,050-82.9%

$13,005-80.2%

$13,402-80.8%

L'ABBATE & BALKAN 401-K PLAN FOR ASSOCIATES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L'ABBATE & BALKAN 401-K PLAN FOR ASSOCIATES

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