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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#002Retirement-$601K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

-38.9% from 2023

Total participants

-11.8% from 2023

Average account balance

$144,447

-30.8% from 2023

Annual return

15.11%

+5.90 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

$2.1M

$173131 / participant

Other / not subdivided$2M100.0%

% of EOY assets

95.886%

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

$144,447

$160,028-9.7%

$147,080-1.8%

$145,884-1.0%

Participation rate

100.0%

84.0%+16.0pp

82.2%+17.8pp

80.3%+19.7pp

Annual return

15.11%

98.60%-83.5pp

420.17%-405.1pp

551.85%-536.7pp

Employer contribution / active EE

$3,065

$5,286-42.0%

$4,933-37.9%

$4,662-34.3%

Participant deferral / active EE

$8,808

$8,422+4.6%

$8,066+9.2%

$6,690+31.7%

Admin fee / account holder

$138,505

$15,030+821.5%

$12,989+966.3%

$13,392+934.3%

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