Retirement plan

LERNER DAVID RETIREMENT PLAN

Name: LERNER DAVID LLP - LERNER DAVID RETIREMENT PLAN (2024) Form 5500
Creator: LERNER DAVID LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LERNER DAVID RETIREMENT PLAN, LERNER DAVID LLP

LERNER DAVID LLPEIN 22-2269956Plan #001PY 2024

20 COMMERCE DRIVE - CRANFORD, NJ 07016908-654-5000lernerdavid.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#006Retirement-$191K assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$62.1M

+9.0% from 2023

Total participants

166

-4.0% from 2023

Average account balance

$385,865

+17.1% from 2023

Annual return

14.96%

-1.68 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.12M

Not enough data

1 years with asset history on file

Average account balance

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

$386K

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.

161

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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 3 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$18,405
MORNINGSTAR4 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$8,760
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 64 · EIN 71-0294708	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2A2E2G2J3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$45K

$428 / participant

Other / not subdivided$45K100.0%

% of EOY assets

0.072%

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: BERDERSON LLP
Auditor EIN: 222978848
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$385,865

$101,591+279.8%

$147,096+162.3%

$74,429+418.4%

Participation rate

95.2%

75.5%+19.7pp

82.2%+13.0pp

67.2%+28.0pp

Annual return

14.96%

8746.45%-8731.5pp

419.75%-404.8pp

1368.38%-1353.4pp

Employer contribution / active EE

$8,942

$3,813+134.5%

$4,936+81.2%

$2,625+240.7%

Participant deferral / active EE

$9,482

$7,302+29.8%

$8,071+17.5%

$4,348+118.1%

Admin fee / account holder

$276

$1,750-84.2%

$13,005-97.9%

$1,944-85.8%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$18,405

MORNINGSTAR4 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$8,760

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 64 · EIN 71-0294708

Recordkeeping Fees

LERNER DAVID RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LERNER DAVID RETIREMENT 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