Retirement plan

ARCHER & GREINER, P.C. CASH OR DEFERRED PROFIT SHARING PLAN

Name: ARCHER & GREINER, P.C. - ARCHER & GREINER, P.C. CASH OR DEFERRED PROFIT SHARING PLAN (2022) Form 5500
Creator: ARCHER & GREINER, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARCHER & GREINER, P.C. CASH OR DEFERRED PROFIT SHARING PLAN, ARCHER & GREINER, P.C.

ARCHER & GREINER, P.C.EIN 22-2092948Plan #001PY 2022

1025 LAUREL OAK ROAD - VOORHEES, NJ 080433506856-795-2121archerlaw.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$178.6M

-15.9% from 2021

Total participants

449

+0.4% from 2021

Average account balance

$397,831

-16.2% from 2021

Annual return

-13.71%

-32.91 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$215.90M

Not enough data

1 years with asset history on file

Average account balance

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

$596K

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.

362

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+10.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$709

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034 280 TRUMBALL STREET · HARTFORD, CT 06103	Contract Administrator	$135,661
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 27 · EIN 95-2834236 201 WASHINGTON STREET, SUITE 300 · BOSTON, MA 02108	Advisory (Plan)	$91,137
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT Service code 27 · EIN 35-1151034 1800 CHAPEL AVENUE · CHERRY HILL, NJ 08002	Advisory (Plan)	$31,752
RAGONE LACATENA FAIRCHILD & BEPPEL7+ years Service code 10 · EIN 22-2569347 76 EUCLID AVENUE, SUITE 200 · HADDONFIELD, NJ 08033	Accounting	$14,615

Plan features & details

Pension benefit codes2A2E2G2J2S2T3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$274K

$901 / participant

Other / not subdivided$274K100.0%

% of EOY assets

0.153%

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: BOWMAN & COMPANY LLP
Auditor EIN: 210658561
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$397,831

$82,163+384.2%

$125,381+217.3%

$64,819+513.8%

Participation rate

100.0%

77.9%+22.1pp

82.4%+17.6pp

71.5%+28.5pp

Annual return

-13.71%

3.49%-17.2pp

572.31%-586.0pp

32.84%-46.5pp

Employer contribution / active EE

$7,381

$3,616+104.1%

$4,815+53.3%

$2,507+194.4%

Participant deferral / active EE

$12,896

$7,175+79.7%

$7,448+73.2%

$4,311+199.1%

Admin fee / account holder

$610

$163+273.7%

$10,007-93.9%

$188+224.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

280 TRUMBALL STREET · HARTFORD, CT 06103

Contract Administrator

$135,661

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 27 · EIN 95-2834236

201 WASHINGTON STREET, SUITE 300 · BOSTON, MA 02108

Advisory (Plan)

$91,137

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT

Service code 27 · EIN 35-1151034

1800 CHAPEL AVENUE · CHERRY HILL, NJ 08002

Advisory (Plan)

$31,752

RAGONE LACATENA FAIRCHILD & BEPPEL7+ years

Service code 10 · EIN 22-2569347

76 EUCLID AVENUE, SUITE 200 · HADDONFIELD, NJ 08033

Accounting

$14,615

ARCHER & GREINER, P.C. CASH OR DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARCHER & GREINER, P.C. CASH OR DEFERRED PROFIT SHARING 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