Retirement plan

L'ABBATE & BALKIN 401-K PLAN FOR ASSOCIATES

Name: LABBATE, BALKAN, COLAVITA & CONTINI, LLP - L'ABBATE & BALKIN 401-K PLAN FOR ASSOCIATES (2023) Form 5500
Creator: LABBATE, BALKAN, COLAVITA & CONTINI, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L'ABBATE & BALKIN 401-K PLAN FOR ASSOCIATES, LABBATE, BALKAN, COLAVITA & CONTINI, LLP

LABBATE, BALKAN, COLAVITA & CONTINI, LLPEIN 13-3086010Plan #006PY 2023

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

Other plans on this EIN

2 filings

#007Retirement-$14.6M assets #008Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

+6.4% from 2022

Total participants

-8.8% from 2022

Average account balance

$112,009

+6.4% from 2022

Annual return

16.39%

+33.15 pp from 2022

Benchmarks

See 139,707 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,707 peers

Snapshot2023

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

$491K

$28865 / participant

Other / not subdivided$491K100.0%

% of EOY assets

15.106%

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

$112,009

$148,629-24.6%

$135,982-17.6%

$139,487-19.7%

Participation rate

88.2%

83.9%+4.4pp

81.9%+6.3pp

80.3%+7.9pp

Annual return

16.39%

79.33%-62.9pp

68.32%-51.9pp

373.84%-357.5pp

Employer contribution / active EE

$2,545

$5,247-51.5%

$4,859-47.6%

$4,755-46.5%

Participant deferral / active EE

$7,734

$8,102-4.5%

$7,760-0.3%

$6,713+15.2%

Admin fee / account holder

$16,921

$12,406+36.4%

$10,767+57.1%

$11,407+48.3%

L'ABBATE & BALKIN 401-K PLAN FOR ASSOCIATES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L'ABBATE & BALKIN 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