Retirement plan

DAVID ZWIRNER INC 401(K) PROFIT SHARING PLAN & TRUST

Name: DAVID ZWIRNER INC - DAVID ZWIRNER INC 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: DAVID ZWIRNER INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVID ZWIRNER INC 401(K) PROFIT SHARING PLAN & TRUST, DAVID ZWIRNER INC

DAVID ZWIRNER INCEIN 13-3686839Plan #002PY 2020

525 W 19TH ST - NEW YORK, NY 100112808212-727-2070davidzwirner.comLinkedIn51-200 employeesfine art

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.3M

+25.7% from 2019

Total participants

268

+4.3% from 2019

Average account balance

$76,797

+14.7% from 2019

Annual return

16.12%

-7.47 pp from 2019

Benchmarks

See 435 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort435 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.23M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

325

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.65M

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

+17.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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 3 by compensation

Provider	Service type	Compensation
CALTON & ASSOCIATES, INC.2 years Filed as: CALTON & ASSOCIATES INC Service code 13 2701 N ROCKY POINT DR STE 1000 · TAMPA, FL 33607	Contract Administrator	$51,497
PAYCHEX, INC.4 years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Contract Administrator	$31,177
ERISA FIDUCIARY SERVICES, INC.2 years Filed as: ERISA FIDUCIARY SERVICES INC. Service code 13 · EIN 47-1637791 1800 WALT WHITMAN ROAD · MELVILLE, NY 117473237	Contract Administrator	$5,776

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$89K

$621 / participant

Investment mgmt$57K64.5%
Contract admin$32K35.5%

% of EOY assets

0.461%

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: FRANK, RIMERMAN + CO, LLP
Auditor EIN: 941341042
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,797

$55,122+39.3%

$104,639-26.6%

$73,497+4.5%

Participation rate

88.1%

67.7%+20.4pp

74.1%+14.0pp

70.7%+17.4pp

Annual return

16.12%

24.77%-8.7pp

340.67%-324.5pp

28.51%-12.4pp

Employer contribution / active EE

$6,695

$1,464+357.2%

$2,682+149.7%

$2,270+194.9%

Participant deferral / active EE

$5,132

$2,919+75.8%

$3,738+37.3%

$3,740+37.2%

Admin fee / account holder

$354

$423-16.3%

$6,465-94.5%

$513-31.1%

Provider

Service type

Compensation

CALTON & ASSOCIATES, INC.2 years

Filed as: CALTON & ASSOCIATES INC

Service code 13

2701 N ROCKY POINT DR STE 1000 · TAMPA, FL 33607

Contract Administrator

$51,497

PAYCHEX, INC.4 years

Service code 13 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Contract Administrator

$31,177

ERISA FIDUCIARY SERVICES, INC.2 years

Filed as: ERISA FIDUCIARY SERVICES INC.

Service code 13 · EIN 47-1637791

1800 WALT WHITMAN ROAD · MELVILLE, NY 117473237

Contract Administrator

$5,776

DAVID ZWIRNER INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVID ZWIRNER INC 401(K) PROFIT SHARING PLAN & 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