Retirement plan

CHIESA SHAHINIAN & GIANTOMASI PC SALARY SAVINGS PLAN (II)

Name: CHIESA SHAHINIAN & GIANTOMASI PC - CHIESA SHAHINIAN & GIANTOMASI PC SALARY SAVINGS PLAN (II) (2021) Form 5500
Creator: CHIESA SHAHINIAN & GIANTOMASI PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHIESA SHAHINIAN & GIANTOMASI PC SALARY SAVINGS PLAN (II), CHIESA SHAHINIAN & GIANTOMASI PC

CHIESA SHAHINIAN & GIANTOMASI PCEIN 22-2012591Plan #004PY 2021

ONE BOLAND DRIVE - WEST ORANGE, NJ 07052973-325-1500csglaw.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#005Retirement-$27.3M assets #003Retirement-$15.2M assets

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$108.5M

+20.8% from 2020

Total participants

235

+5.9% from 2020

Average account balance

$471,895

+10.3% from 2020

Annual return

16.75%

-2.82 pp from 2020

Benchmarks

See 5,719 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2021

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

$146.72M

Not enough data

1 years with asset history on file

Average account balance

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

$481K

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.

305

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

$6.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+9.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRIVATE ADVISOR GROUP LLC4 years Filed as: PRIVATE ADVISOR GROUP Service code 99 · EIN 86-1109193	Other Fees	$80,364
CONSULTING ACTUARIAL GROUP, INC.4 years Filed as: CONSULTING ACTUARIES INCORPORATED Service code 49 · EIN 22-1915571 330 PASSAIC AVENUE · FAIRFIELD, NJ 07004	Other Services	$47,240

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$81K

$464 / participant

Contract admin$80K99.5%
Other / not subdivided$4200.5%

% of EOY assets

0.074%

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: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$471,895

$104,475+351.7%

$159,436+196.0%

$79,386+494.4%

Participation rate

97.1%

76.6%+20.5pp

82.8%+14.3pp

70.7%+26.4pp

Annual return

16.75%

67.95%-51.2pp

263.57%-246.8pp

116.85%-100.1pp

Employer contribution / active EE

$17,134

$3,417+401.5%

$4,829+254.8%

$2,427+605.8%

Participant deferral / active EE

$9,576

$6,467+48.1%

$7,352+30.2%

$4,046+136.7%

Admin fee / account holder

$351

$711-50.6%

$10,799-96.7%

$626-43.9%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC4 years

Filed as: PRIVATE ADVISOR GROUP

Service code 99 · EIN 86-1109193

Other Fees

$80,364

CONSULTING ACTUARIAL GROUP, INC.4 years

Filed as: CONSULTING ACTUARIES INCORPORATED

Service code 49 · EIN 22-1915571

330 PASSAIC AVENUE · FAIRFIELD, NJ 07004

Other Services

$47,240

CHIESA SHAHINIAN & GIANTOMASI PC SALARY SAVINGS PLAN (II)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHIESA SHAHINIAN & GIANTOMASI PC SALARY SAVINGS PLAN (II)

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