Retirement plan

MOSES & SINGER LLP PLAN FOR SAVINGS AND INVESTMENT

Name: MOSES & SINGER LLP - MOSES & SINGER LLP PLAN FOR SAVINGS AND INVESTMENT (2024) Form 5500
Creator: MOSES & SINGER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOSES & SINGER LLP PLAN FOR SAVINGS AND INVESTMENT, MOSES & SINGER LLP

MOSES & SINGER LLPEIN 13-5259490Plan #003PY 2024

405 LEXINGTON AVE FL 12 - NEW YORK, NY 10174212-554-7800mosessinger.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#005Retirement-$5K assets

Prospect flagsHigh feesHigh assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$94.1M

+2.8% from 2023

Total participants

204

-3.8% from 2023

Average account balance

$485,275

+2.8% from 2023

Annual return

16.97%

-3.58 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$94.14M

Not enough data

1 years with asset history on file

Average account balance

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

$485K

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.

194

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
HIGHTOWER ADVISORS LLC7 years Service code 27 · EIN 36-4500709	Advisory (Plan)	$80,000
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,909
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	-$16,530

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3D3F

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$69K

$667 / participant

Investment mgmt$86K123.8%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WITHUM SMITH BROWN PC
Auditor EIN: 222027092
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$485,275

$101,317+379.0%

$146,958+230.2%

$74,495+551.4%

Participation rate

90.4%

75.5%+14.9pp

82.2%+8.2pp

67.2%+23.2pp

Annual return

16.97%

8730.91%-8713.9pp

418.34%-401.4pp

1364.94%-1348.0pp

Employer contribution / active EE

-$189

$3,810-105.0%

$4,933-103.8%

$2,623-107.2%

Participant deferral / active EE

$13,801

$7,303+89.0%

$8,070+71.0%

$4,346+217.6%

Admin fee / account holder

$358

$1,739-79.4%

$12,998-97.2%

$1,942-81.6%

Provider

Service type

Compensation

HIGHTOWER ADVISORS LLC7 years

Service code 27 · EIN 36-4500709

Advisory (Plan)

$80,000

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,909

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

-$16,530

MOSES & SINGER LLP PLAN FOR SAVINGS AND INVESTMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOSES & SINGER LLP PLAN FOR SAVINGS AND INVESTMENT

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