Retirement plan

FREDERICKS MICHAEL & CO. 401(K) PROFIT SHARING PLAN

Name: FREDERICKS MICHAEL & CO. - FREDERICKS MICHAEL & CO. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: FREDERICKS MICHAEL & CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FREDERICKS MICHAEL & CO. 401(K) PROFIT SHARING PLAN, FREDERICKS MICHAEL & CO.

FREDERICKS MICHAEL & CO.EIN 13-3247705Plan #001PY 2021

430 PARK AVENUE - NEW YORK, NY 10022212-732-1600fm-co.comLinkedIn11-50 employeesinvestment banking

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3M

+1.6% from 2020

Total participants

-11.1% from 2020

Average account balance

$248,368

+18.6% from 2020

Annual return

9.35%

-3.37 pp from 2020

Benchmarks

See 33,465 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort33,465 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.94M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

300.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$131K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11274

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 codes2E2H2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$333K

$33279 / participant

Other / not subdivided$333K100.0%

% of EOY assets

11.166%

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

$248,368

$209,874+18.3%

$189,537+31.0%

$167,536+48.2%

Participation rate

60.0%

88.7%-28.7pp

87.8%-27.8pp

82.1%-22.1pp

Annual return

9.35%

748.61%-739.3pp

555.34%-546.0pp

478.82%-469.5pp

Employer contribution / active EE

$5,175

$6,913-25.1%

$6,161-16.0%

$4,839+6.9%

Participant deferral / active EE

$5,411

$8,934-39.4%

$8,220-34.2%

$6,342-14.7%

Admin fee / account holder

$27,732

$14,299+93.9%

$12,048+130.2%

$12,315+125.2%

FREDERICKS MICHAEL & CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FREDERICKS MICHAEL & CO. 401(K) 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