Retirement plan

KLASKO IMMIGRATION LAW PARTNERS, LLP

Name: KLASKO IMMIGRATION LAW PARTNERS - KLASKO IMMIGRATION LAW PARTNERS, LLP (2024) Form 5500
Creator: KLASKO IMMIGRATION LAW PARTNERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLASKO IMMIGRATION LAW PARTNERS, LLP, KLASKO IMMIGRATION LAW PARTNERS

KLASKO IMMIGRATION LAW PARTNERSEIN 20-0469750Plan #001PY 2024

1601 MARKET ST STE 2600 - PHILADELPHIA, PA 19103215-825-8600klaskolaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.3M

+16.2% from 2023

Total participants

140

0.0% from 2023

Average account balance

$84,649

+14.4% from 2023

Annual return

12.33%

-6.46 pp from 2023

Benchmarks

See 28,877 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,877 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.34M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

134

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D2E2J2R3B

Plan features

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$4K

$49 / participant

Recordkeeping$2K47.8%
Investment mgmt$2K52.2%

% of EOY assets

0.039%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,649

$102,429-17.4%

$147,096-42.5%

$80,925+4.6%

Participation rate

93.3%

75.9%+17.4pp

82.2%+11.1pp

67.7%+25.6pp

Annual return

12.33%

135.02%-122.7pp

419.75%-407.4pp

35.65%-23.3pp

Employer contribution / active EE

$3,390

$3,716-8.8%

$4,936-31.3%

$2,756+23.0%

Participant deferral / active EE

$8,703

$6,649+30.9%

$8,071+7.8%

$4,299+102.5%

Admin fee / account holder

$33

$7,957-99.6%

$13,005-99.7%

$6,940-99.5%

KLASKO IMMIGRATION LAW PARTNERS, LLP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLASKO IMMIGRATION LAW PARTNERS, LLP

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