Retirement plan

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 401(K) PLAN

Name: BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP - BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 401(K) PLAN (2022) Form 5500
Creator: BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 401(K) PLAN, BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLPEIN 13-3165559Plan #003PY 2022

1251 AVENUE OF THE AMERICAS, 44TH FLOOR - NEW YORK, NY 10020212-554-1400blbglaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#006Retirement-$11.1M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$24.1M

-12.9% from 2021

Total participants

256

+8.5% from 2021

Average account balance

$119,788

-19.0% from 2021

Annual return

-14.49%

-32.43 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.78M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

251

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$567

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ASSOCIATED PENSION CONSULTANTS4 years Filed as: ASSOCIATED PENSION CONSULTANTD, INC Service code 13 · EIN 11-3271022 401 BROADHOLLOW ROAD · MELVILLE, NY 11747	Contract Administrator	$1,345

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$10 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.008%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANCHIN BLOCK AND ANCHIN LLP
Auditor EIN: 130436940
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,788

$84,499+41.8%

$125,391-4.5%

$66,949+78.9%

Participation rate

70.3%

76.4%-6.2pp

82.4%-12.1pp

69.8%+0.4pp

Annual return

-14.49%

-8.49%-6.0pp

572.41%-586.9pp

1.57%-16.1pp

Employer contribution / active EE

$24

$3,554-99.3%

$4,816-99.5%

$2,545-99.1%

Participant deferral / active EE

$11,111

$6,785+63.8%

$7,448+49.2%

$4,239+162.1%

Admin fee / account holder

$685-98.7%

$10,009-99.9%

$594-98.4%

Provider

Service type

Compensation

ASSOCIATED PENSION CONSULTANTS4 years

Filed as: ASSOCIATED PENSION CONSULTANTD, INC

Service code 13 · EIN 11-3271022

401 BROADHOLLOW ROAD · MELVILLE, NY 11747

Contract Administrator

$1,345

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 401(K) PLAN

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