Retirement plan

GAIR, GAIR, CONASON EMPLOYEES' 401(K) PROFIT SHARING PLAN

Name: GAIR, GAIR, CONASON, RUBINOWITZ, BLOOM, HERSHENHORN STEIGMAN & MACKAUF - GAIR, GAIR, CONASON EMPLOYEES' 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: GAIR, GAIR, CONASON, RUBINOWITZ, BLOOM, HERSHENHORN STEIGMAN & MACKAUF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GAIR, GAIR, CONASON EMPLOYEES' 401(K) PROFIT SHARING PLAN, GAIR, GAIR, CONASON, RUBINOWITZ, BLOOM, HERSHENHORN STEIGMAN & MACKAUF

GAIR, GAIR, CONASON, RUBINOWITZ, BLOOM, HERSHENHORN STEIGMAN & MACKAUFEIN 13-3264341Plan #001PY 2020

80 PINE ST - NEW YORK, NY 100051768212-943-1090gairgair.comLinkedIn51-200 employeeslegal services

Other plans on this EIN

1 filing

#002Retirement-$1.1M assets

Prospect flagsHigh feesHigh assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$23.6M

-10.8% from 2019

Total participants

+3.0% from 2019

Average account balance

$736,578

-8.0% from 2019

Annual return

15.36%

-10.00 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.75M

Not enough data

1 years with asset history on file

Average account balance

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

$965K

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+16.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12404

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 codes2E2G2J2R2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow employer contribution
Employer 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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$7.3M

$279248 / participant

Other / not subdivided$7M100.0%

% of EOY assets

30.803%

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

$736,578

$98,776+645.7%

$149,745+391.9%

$79,856+822.4%

Participation rate

92.3%

75.8%+16.5pp

82.5%+9.8pp

69.6%+22.7pp

Annual return

15.36%

27.38%-12.0pp

276.72%-261.4pp

31.71%-16.4pp

Employer contribution / active EE

$3,217-100.0%

$4,646-100.0%

$2,471-100.0%

Participant deferral / active EE

$12,195

$5,681+114.6%

$6,843+78.2%

$3,741+226.0%

Admin fee / account holder

$226,889

$6,053+3648.5%

$9,312+2336.6%

$5,306+4175.7%

GAIR, GAIR, CONASON EMPLOYEES' 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GAIR, GAIR, CONASON EMPLOYEES' 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