Retirement plan

SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C. RETIREMENT AND PENSION PLAN

Name: SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C. - SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C. RETIREMENT AND PENSION PLAN (2016) Form 5500
Creator: SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C. RETIREMENT AND PENSION PLAN, SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C.

SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C.EIN 22-2026357Plan #001PY 2016

415 HIGH STREET - BURLINGTON, NJ 08016609-386-2633

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$5.5M

+8.7% from 2015

Total participants

+10.0% from 2015

Average account balance

$551,254

+8.7% from 2015

Annual return

8.67%

+18.78 pp from 2015

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.27M

Not enough data

1 years with asset history on file

Average account balance

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

$784K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6000

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 codes2E2F2G2T3D

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.
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.
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

$193K

$21488 / participant

Other / not subdivided$193K100.0%

% of EOY assets

3.508%

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

$551,254

$135,956+305.5%

$123,894+344.9%

$273,972+101.2%

Participation rate

88.9%

84.1%+4.8pp

81.4%+7.5pp

83.0%+5.9pp

Annual return

8.67%

56.63%-48.0pp

47.52%-38.8pp

41.46%-32.8pp

Employer contribution / active EE

$14,036

$5,170+171.5%

$4,617+204.0%

$4,869+188.3%

Participant deferral / active EE

$3,321

$6,343-47.6%

$5,984-44.5%

$5,287-37.2%

Admin fee / account holder

$19,339

$9,817+97.0%

$8,357+131.4%

$10,133+90.9%

SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C. RETIREMENT AND PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMITH, MAGRAM, BERENATO, MICHAUD & COLONNA, P.C. RETIREMENT AND PENSION 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