Retirement plan

SICHENZIA ROSS FERENCE, LLP PROFIT SHARING PLAN

Name: SICHENZIA ROSS FERENCE KESNER LLP - SICHENZIA ROSS FERENCE, LLP PROFIT SHARING PLAN (2017) Form 5500
Creator: SICHENZIA ROSS FERENCE KESNER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SICHENZIA ROSS FERENCE, LLP PROFIT SHARING PLAN, SICHENZIA ROSS FERENCE KESNER LLP

SICHENZIA ROSS FERENCE KESNER LLPEIN 13-4001032Plan #002PY 2017

1185 AVENUE OF THE AMERICAS, 37TH FLOOR - NEW YORK, NY 10036212-930-9700srfc.lawLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$1.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.8M

+27.9% from 2016

Total participants

+6.5% from 2016

Average account balance

$180,512

+20.1% from 2016

Annual return

23.37%

+18.00 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.21M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

116

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.

187.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+24.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3747

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 codes2E2F2G2J

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.

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

$335K

$9048 / participant

Other / not subdivided$335K100.0%

% of EOY assets

2.262%

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

$180,512

$85,766+110.5%

$136,298+32.4%

$70,126+157.4%

Participation rate

100.0%

74.2%+25.8pp

81.9%+18.1pp

69.5%+30.5pp

Annual return

23.37%

31.46%-8.1pp

5156.27%-5132.9pp

73.15%-49.8pp

Employer contribution / active EE

$12,233

$2,966+312.4%

$4,696+160.5%

$2,343+422.2%

Participant deferral / active EE

$10,993

$5,051+117.6%

$6,247+76.0%

$3,332+229.9%

Admin fee / account holder

$4,083

$5,421-24.7%

$9,244-55.8%

$4,645-12.1%

SICHENZIA ROSS FERENCE, LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SICHENZIA ROSS FERENCE, 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