Retirement plan

AXINN, VELTROP & HARKRIDER LLP 401(K) RETIREMENT PLAN

Name: AXINN, VELTROP & HARKRIDER, LLP - AXINN, VELTROP & HARKRIDER LLP 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: AXINN, VELTROP & HARKRIDER, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXINN, VELTROP & HARKRIDER LLP 401(K) RETIREMENT PLAN, AXINN, VELTROP & HARKRIDER, LLP

AXINN, VELTROP & HARKRIDER, LLPEIN 13-3938205Plan #001PY 2024

630 5TH AVE - NEW YORK, NY 10111212-728-2200axinn.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

2 filings

#002Retirement-$43.0M assets #004Retirement-$11.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.3M

+22.9% from 2023

Total participants

145

+35.5% from 2023

Average account balance

$114,272

-0.7% from 2023

Annual return

16.37%

-11.04 pp from 2023

Benchmarks

See 28,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,910 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.28M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

125

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.

73.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2608

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 codes2F2G2J2T2E3D2R

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.
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.
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

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

$326K

$4347 / participant

Other / not subdivided$326K100.0%

% of EOY assets

2.283%

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

$114,272

$102,382+11.6%

$147,005-22.3%

$80,874+41.3%

Participation rate

73.3%

75.8%-2.5pp

82.2%-8.8pp

67.6%+5.7pp

Annual return

16.37%

134.89%-118.5pp

418.76%-402.4pp

35.62%-19.2pp

Employer contribution / active EE

$987

$3,715-73.4%

$4,934-80.0%

$2,756-64.2%

Participant deferral / active EE

$13,569

$6,646+104.2%

$8,070+68.1%

$4,297+215.8%

Admin fee / account holder

$2,608

$7,942-67.2%

$13,006-79.9%

$6,935-62.4%

AXINN, VELTROP & HARKRIDER LLP 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXINN, VELTROP & HARKRIDER LLP 401(K) RETIREMENT 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