Retirement plan

HARDING MAZZOTTI, LLP PROFIT SHARING PLAN

Name: HARDING MAZZOTTI, LLP - HARDING MAZZOTTI, LLP PROFIT SHARING PLAN (2023) Form 5500
Creator: HARDING MAZZOTTI, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARDING MAZZOTTI, LLP PROFIT SHARING PLAN, HARDING MAZZOTTI, LLP

HARDING MAZZOTTI, LLPEIN 14-1773128Plan #002PY 2023

1 WALL STREET - ALBANY, NY 12205800-529-10101800law1010.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$3.9M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$30.5M

+22.9% from 2022

Total participants

141

+7.6% from 2022

Average account balance

$218,015

+14.1% from 2022

Annual return

19.27%

+36.50 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

See peer percentile detail. $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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Analytics

Total assets (EOY)

Plan-year ending balance

$36.37M

Not enough data

1 years with asset history on file

Average account balance

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

$241K

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.

151

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+17.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
EDWARD JONES4 years Service code 27 · EIN 43-0345811	Advisory (Plan)	$50,099
JANET A. PANEBIANCO, CPA, PLLC4 years Service code 13 · EIN 71-1039549	Contract Administrator	$8,538
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$3,348
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED4 years Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

$5K

$49 / participant

Contract admin$5K100.0%

% of EOY assets

0.018%

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: LUTZ, SELIG & ZERONDA, CPAS, LLP
Auditor EIN: 141745230
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$218,015

$91,407+138.5%

$135,903+60.4%

$71,457+205.1%

Participation rate

99.1%

75.7%+23.4pp

81.9%+17.2pp

67.9%+31.2pp

Annual return

19.27%

29.90%-10.6pp

68.23%-49.0pp

28.85%-9.6pp

Employer contribution / active EE

$11,128

$3,703+200.5%

$4,856+129.1%

$2,588+330.0%

Participant deferral / active EE

$8,361

$7,092+17.9%

$7,758+7.8%

$4,289+94.9%

Admin fee / account holder

$38

$1,266-97.0%

$10,762-99.6%

$1,587-97.6%

Provider

Service type

Compensation

EDWARD JONES4 years

Service code 27 · EIN 43-0345811

Advisory (Plan)

$50,099

JANET A. PANEBIANCO, CPA, PLLC4 years

Service code 13 · EIN 71-1039549

Contract Administrator

$8,538

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,348

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED4 years

Service code 27

Advisory (Plan)

HARDING MAZZOTTI, LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARDING MAZZOTTI, 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