Retirement plan

LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) PLAN

Name: LIPSITZ GREEN SCIME CAMBRIA, LLP - LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) PLAN (2020) Form 5500
Creator: LIPSITZ GREEN SCIME CAMBRIA, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) PLAN, LIPSITZ GREEN SCIME CAMBRIA, LLP

LIPSITZ GREEN SCIME CAMBRIA, LLPEIN 16-0905097Plan #001PY 2020

42 DELAWARE AVE STE 120 - BUFFALO, NY 14202716-849-1333lipsitzgreen.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$63.6M

+18.3% from 2019

Total participants

147

+0.7% from 2019

Average account balance

$445,056

+18.3% from 2019

Annual return

18.48%

-3.07 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$81.38M

Not enough data

1 years with asset history on file

Average account balance

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

$499K

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.

163

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$406

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
ARBOR CAPITAL MANAGEMENT6+ years Service code 15 · EIN 16-1468977	Recordkeeping	$25,499
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$13,532
ADP BROKER-DEALER6+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3B3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$48K

$440 / participant

Other / not subdivided$48K100.0%

% of EOY assets

0.075%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LUMSDEN MCCORMICK
Auditor EIN: 160765486
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$445,056

$99,957+345.2%

$149,745+197.2%

$73,497+505.5%

Participation rate

96.3%

75.7%+20.6pp

82.5%+13.8pp

70.7%+25.6pp

Annual return

18.48%

53.87%-35.4pp

276.72%-258.2pp

28.51%-10.0pp

Employer contribution / active EE

$7,344

$3,191+130.1%

$4,646+58.1%

$2,270+223.5%

Participant deferral / active EE

$7,205

$6,073+18.6%

$6,843+5.3%

$3,740+92.7%

Admin fee / account holder

$332

$551-39.6%

$9,312-96.4%

$513-35.2%

Provider

Service type

Compensation

ARBOR CAPITAL MANAGEMENT6+ years

Service code 15 · EIN 16-1468977

Recordkeeping

$25,499

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$13,532

ADP BROKER-DEALER6+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) 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