Retirement plan

EDGEWOOD MANAGEMENT COMPANY RETIREMENT PLAN

Name: EDGEWOOD MANAGEMENT LLC - EDGEWOOD MANAGEMENT COMPANY RETIREMENT PLAN (2016) Form 5500
Creator: EDGEWOOD MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDGEWOOD MANAGEMENT COMPANY RETIREMENT PLAN, EDGEWOOD MANAGEMENT LLC

EDGEWOOD MANAGEMENT LLCEIN 20-4044179Plan #001PY 2016

535 MADISON AVE 15TH FLOOR - NEW YORK, NY 10022212-652-9100edgewood.comLinkedIn11-50 employeesinvestment management

Other plans on this EIN

1 filing

#003Retirement-$7.9M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$28.6M

+10.5% from 2015

Total participants

0.0% from 2015

Average account balance

$550,497

+10.5% from 2015

Annual return

7.63%

+5.93 pp from 2015

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$75.84M

Not enough data

1 years with asset history on file

Average account balance

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

$1.5M

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.

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.

118.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$66K

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

+25.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9726

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

0 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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$825K

$23565 / participant

Other / not subdivided$825K100.0%

% of EOY assets

2.881%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$550,497

$87,834+526.7%

$133,975+310.9%

$62,881+775.5%

Participation rate

100.0%

83.4%+16.6pp

87.1%+12.9pp

69.3%+30.7pp

Annual return

7.63%

12.05%-4.4pp

29.29%-21.7pp

20.14%-12.5pp

Employer contribution / active EE

$30,829

$3,482+785.3%

$5,211+491.6%

$2,281+1251.6%

Participant deferral / active EE

$13,911

$4,812+189.1%

$6,282+121.4%

$3,203+334.3%

Admin fee / account holder

$15,861

$5,372+195.2%

$9,324+70.1%

$4,296+269.2%

EDGEWOOD MANAGEMENT COMPANY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDGEWOOD MANAGEMENT COMPANY RETIREMENT 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