Retirement plan

LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) PLAN

Name: LIPSITZ GREEN SCIME CAMBRIA, LLP - LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) PLAN (2021) 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 2021

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

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$73.2M

+15.1% from 2020

Total participants

147

0.0% from 2020

Average account balance

$505,022

+13.5% from 2020

Annual return

15.70%

-2.78 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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 MANAGEMENT7+ years Service code 15 · EIN 16-1468977	Recordkeeping	$33,999
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$14,428
ADP BROKER-DEALER7+ 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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
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

0.066%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$505,022

$104,479+383.4%

$159,474+216.7%

$79,391+536.1%

Participation rate

98.2%

76.6%+21.6pp

82.8%+15.4pp

70.7%+27.5pp

Annual return

15.70%

67.98%-52.3pp

263.68%-248.0pp

116.88%-101.2pp

Employer contribution / active EE

$7,681

$3,417+124.8%

$4,831+59.0%

$2,428+216.4%

Participant deferral / active EE

$8,074

$6,468+24.8%

$7,353+9.8%

$4,046+99.6%

Admin fee / account holder

$334

$711-53.0%

$10,802-96.9%

$627-46.7%

Provider

Service type

Compensation

ARBOR CAPITAL MANAGEMENT7+ years

Service code 15 · EIN 16-1468977

Recordkeeping

$33,999

ADP BROKER-DEALER2 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$14,428

ADP BROKER-DEALER7+ 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