Retirement plan

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN

Name: BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP - BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN (2018) 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 PROFIT SHARING PLAN, BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLPEIN 13-3165559Plan #006PY 2018

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

Other plans on this EIN

3 filings

#003Retirement-$14.6M assets #005Retirement-$10.6M assets #004Retirement-$3.5M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$9.5M

-14.2% from 2017

Total participants

146

+6.6% from 2017

Average account balance

$70,774

-13.6% from 2017

Annual return

-5.24%

-19.76 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.26M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

151

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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

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 codes2A2E2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$84K

$804 / participant

Investment mgmt$53K62.7%
Contract admin$31K36.7%
Other / not subdivided$5250.6%

% of EOY assets

0.890%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,774

$73,102-3.2%

$123,553-42.7%

$56,289+25.7%

Participation rate

88.6%

74.3%+14.3pp

82.3%+6.3pp

69.9%+18.7pp

Annual return

-5.24%

3.01%-8.2pp

119.21%-124.4pp

-9.96%+4.7pp

Employer contribution / active EE

$8,281

$2,977+178.2%

$4,628+78.9%

$2,111+292.2%

Participant deferral / active EE

$5,423-100.0%

$6,426-100.0%

$3,350-100.0%

Admin fee / account holder

$630

$554+13.8%

$9,284-93.2%

$521+20.9%

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING 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