Retirement plan

COLE SCHOTZ P.C. PROFIT-SHARING AND 401(K)PLAN

Name: COLE SCHOTZ P.C. - COLE SCHOTZ P.C. PROFIT-SHARING AND 401(K)PLAN (2019) Form 5500
Creator: COLE SCHOTZ P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLE SCHOTZ P.C. PROFIT-SHARING AND 401(K)PLAN, COLE SCHOTZ P.C.

COLE SCHOTZ P.C.EIN 22-2113414Plan #001PY 2019

25 MAIN STREET - HACKENSACK, NJ 07601201-525-6345coleschotz.comLinkedIn201-500 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$92.5M

+22.9% from 2018

Total participants

315

+3.6% from 2018

Average account balance

$298,533

+19.0% from 2018

Annual return

19.44%

+23.32 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$136.50M

Not enough data

1 years with asset history on file

Average account balance

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

$347K

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.

393

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.75M

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$533

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
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY Service code 27 1300 THAMES ST WHARF 4TH FL · BALTIMORE, MD 21231	Advisory (Plan)	$120,946
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$12,238
CONSULTING ACTUARIAL GROUP, INC.1 year Filed as: CONSULTING ACTUARIES INCORPORATED Service code 13 330 PASSAIC AVE · FAIRFIELD, NJ 070042009	Contract Administrator	$11,621
CITRIN COOPERMAN4 years Filed as: CITRIN COOPERMAN & COMPANY LLP Service code 10 290 WEST MOUNT PLEASANT AVE · LIVINGSTON, NJ 07039	Accounting	$2,650

Plan features & details

Pension benefit codes2A2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$147K

$644 / participant

Other / not subdivided$147K100.0%

% of EOY assets

0.159%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CITRIN COOPERMAN AND COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$298,533

$89,652+233.0%

$141,191+111.4%

$65,185+358.0%

Participation rate

97.8%

74.7%+23.1pp

82.5%+15.3pp

70.2%+27.6pp

Annual return

19.44%

32.79%-13.4pp

71.41%-52.0pp

29.38%-9.9pp

Employer contribution / active EE

$8,963

$3,065+192.5%

$4,736+89.2%

$2,177+311.8%

Participant deferral / active EE

$11,777

$5,691+106.9%

$6,710+75.5%

$3,514+235.2%

Admin fee / account holder

$474

$569-16.6%

$10,264-95.4%

$847-44.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 27

1300 THAMES ST WHARF 4TH FL · BALTIMORE, MD 21231

Advisory (Plan)

$120,946

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$12,238

CONSULTING ACTUARIAL GROUP, INC.1 year

Filed as: CONSULTING ACTUARIES INCORPORATED

Service code 13

330 PASSAIC AVE · FAIRFIELD, NJ 070042009

Contract Administrator

$11,621

CITRIN COOPERMAN4 years

Filed as: CITRIN COOPERMAN & COMPANY LLP

Service code 10

290 WEST MOUNT PLEASANT AVE · LIVINGSTON, NJ 07039

Accounting

$2,650

COLE SCHOTZ P.C. PROFIT-SHARING AND 401(K)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLE SCHOTZ P.C. PROFIT-SHARING AND 401(K)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