Retirement plan

SMOLIN, LUPIN & CO. SAVINGS AND INVESTMENT PLAN

Name: SMOLIN, LUPIN & CO., P.A. - SMOLIN, LUPIN & CO. SAVINGS AND INVESTMENT PLAN (2024) Form 5500
Creator: SMOLIN, LUPIN & CO., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMOLIN, LUPIN & CO. SAVINGS AND INVESTMENT PLAN, SMOLIN, LUPIN & CO., P.A.

SMOLIN, LUPIN & CO., P.A.EIN 22-2258733Plan #002PY 2024

10 WATERVIEW BLVD, SUITE 300 - PARSIPPANY, NJ 07054973-439-7200smolin.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$33M

+6.5% from 2023

Total participants

189

+8.6% from 2023

Average account balance

$197,316

+0.1% from 2023

Annual return

14.51%

-3.21 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$32.95M

Not enough data

1 years with asset history on file

Average account balance

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

$197K

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.

167

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$474

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 4 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA ADVISOR NETWORKS Service code 27 2301 ROSECRANS AVE · EL SEGUNDO, CA 90245	Advisory (Plan)	$40,626
INTAC ACTUARIAL SERVICES9 years Filed as: INTAC ACTUARIAL SERVICES, INC. Service code 13 50 TICE BLVD · WOODCLIFF LAKE, NJ 07677	Contract Administrator	$15,625
MARCUM LLP9 years Service code 10 ONE SE 3RD AVE · MIAMI, FL 33131	Accounting	$13,000
THE VANGUARD GROUP, INC.9 years Service code 12 · EIN 23-1945930	Claims processing; Other services; Pa...	$11,347

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3H3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$79K

$565 / participant

Recordkeeping$25K32.2%
Investment mgmt$41K51.4%
Other / not subdivided$13K16.4%

% of EOY assets

0.240%

all-in expense ratio

Categories reported

2 / 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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $13,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,316

$101,317+94.8%

$146,958+34.3%

$74,495+164.9%

Participation rate

84.3%

75.5%+8.8pp

82.2%+2.1pp

67.2%+17.1pp

Annual return

14.51%

8730.91%-8716.4pp

418.34%-403.8pp

1364.94%-1350.4pp

Employer contribution / active EE

$4,997

$3,810+31.1%

$4,933+1.3%

$2,623+90.5%

Participant deferral / active EE

$10,809

$7,303+48.0%

$8,070+33.9%

$4,346+148.7%

Admin fee / account holder

$474

$1,739-72.8%

$12,998-96.4%

$1,942-75.6%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA ADVISOR NETWORKS

Service code 27

2301 ROSECRANS AVE · EL SEGUNDO, CA 90245

Advisory (Plan)

$40,626

INTAC ACTUARIAL SERVICES9 years

Filed as: INTAC ACTUARIAL SERVICES, INC.

Service code 13

50 TICE BLVD · WOODCLIFF LAKE, NJ 07677

Contract Administrator

$15,625

MARCUM LLP9 years

Service code 10

ONE SE 3RD AVE · MIAMI, FL 33131

Accounting

$13,000

THE VANGUARD GROUP, INC.9 years

Service code 12 · EIN 23-1945930

Claims processing; Other services; Pa...

$11,347

SMOLIN, LUPIN & CO. SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMOLIN, LUPIN & CO. SAVINGS AND INVESTMENT 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