Retirement plan

GERSON LEHRMAN GROUP INC PLAN

Name: GERSON LEHRMAN GROUP - GERSON LEHRMAN GROUP INC PLAN (2024) Form 5500
Creator: GERSON LEHRMAN GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GERSON LEHRMAN GROUP INC PLAN, GERSON LEHRMAN GROUP

GERSON LEHRMAN GROUPEIN 13-4101226Plan #001PY 2024

60 EAST 42ND ST., 3RD FLOOR - NEW YORK, NY 10165212-984-8500

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$167.6M

+15.5% from 2023

Total participants

2,210

+5.8% from 2023

Average account balance

$77,523

+10.5% from 2023

Annual return

18.72%

-6.36 pp from 2023

Benchmarks

See 176 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort176 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$167.61M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

2,162

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+18.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$54,142
STRATEGIC ADVISORS, INC.9 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$28,977
WITHUMSMITH+BROWN, PC4 years Filed as: WITHUMSMITH+BROWN, P.C. Service code 10 · EIN 22-2027092	Accounting	$24,700

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$108K

$86 / participant

Recordkeeping$54K49.7%
Investment mgmt$29K26.9%
Contract admin$6000.6%
Other / not subdivided$25K22.9%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUM, SMITH & BROWN, PC
Auditor EIN: 222027092
Audit fees: $24,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,523

$115,744-33.0%

$100,392-22.8%

$199,960-61.2%

Participation rate

96.2%

85.7%+10.5pp

81.5%+14.7pp

72.0%+24.2pp

Annual return

18.72%

17.79%+0.9pp

49.45%-30.7pp

34.28%-15.6pp

Employer contribution / active EE

$2,584

$3,657-29.3%

$3,941-34.4%

$3,036-14.9%

Participant deferral / active EE

$8,735

$9,844-11.3%

$8,090+8.0%

$5,087+71.7%

Admin fee / account holder

$50

$93-46.3%

$7,904-99.4%

$269-81.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$54,142

STRATEGIC ADVISORS, INC.9 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$28,977

WITHUMSMITH+BROWN, PC4 years

Filed as: WITHUMSMITH+BROWN, P.C.

Service code 10 · EIN 22-2027092

Accounting

$24,700

GERSON LEHRMAN GROUP INC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GERSON LEHRMAN GROUP INC 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