Retirement plan

BAND, ROSENBAUM & MARTIN, P.C. 401K PROFIT SHARING PLAN AND TRUST

Name: BAND ROSENBAUM & MARTIN, PC - BAND, ROSENBAUM & MARTIN, P.C. 401K PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: BAND ROSENBAUM & MARTIN, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAND, ROSENBAUM & MARTIN, P.C. 401K PROFIT SHARING PLAN AND TRUST, BAND ROSENBAUM & MARTIN, PC

BAND ROSENBAUM & MARTIN, PCEIN 13-3095780Plan #003PY 2021

440 MAMARONECK AVE, SUITE 508 - HARRISON, NY 10528914-636-7200brmcpa.comLinkedIn11-50 employeesaccounting

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.1M

-3.6% from 2020

Total participants

+5.9% from 2020

Average account balance

$225,792

-9.0% from 2020

Annual return

12.73%

+7.52 pp from 2020

Benchmarks

See 126,102 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,102 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$142K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138505

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$874K

$48551 / participant

Other / not subdivided$874K100.0%

% of EOY assets

21.503%

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

$225,792

$176,105+28.2%

$159,474+41.6%

$167,536+34.8%

Participation rate

100.0%

85.0%+15.0pp

82.8%+17.2pp

82.1%+17.9pp

Annual return

12.73%

331.91%-319.2pp

263.68%-251.0pp

478.82%-466.1pp

Employer contribution / active EE

$2,682

$5,299-49.4%

$4,831-44.5%

$4,839-44.6%

Participant deferral / active EE

$5,814

$7,751-25.0%

$7,353-20.9%

$6,342-8.3%

Admin fee / account holder

$48,551

$12,559+286.6%

$10,802+349.4%

$12,315+294.3%

BAND, ROSENBAUM & MARTIN, P.C. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAND, ROSENBAUM & MARTIN, P.C. 401K 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