Retirement plan

SOLOMON REALTY ADVISORS, INC.401 (K) PROFIT SHARING PLAN

Name: SOLOMON REALTY ADVISORS, INC. - SOLOMON REALTY ADVISORS, INC.401 (K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SOLOMON REALTY ADVISORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLOMON REALTY ADVISORS, INC.401 (K) PROFIT SHARING PLAN, SOLOMON REALTY ADVISORS, INC.

SOLOMON REALTY ADVISORS, INC.EIN 22-2867476Plan #001PY 2020

92 RIVER RD - SUMMIT, NJ 07901908-988-1050LinkedIn501-1000 employeesreal estate

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$7.6M

+29.7% from 2019

Total participants

839

+50.9% from 2019

Average account balance

$29,042

+51.0% from 2019

Annual return

18.09%

-5.70 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.47M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

691

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$54,537
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Service code 49 · EIN 52-2114207	Other Services	$14,201
ORENDA RETIREMENT, LLC2 years Service code 13 · EIN 36-4877979	Contract Administrator	$8,076
ORENDA RETIREMENT, LLC1 year Filed as: ORENDA RETIRMENT, LLC Service code 12	Other fees; Direct payment from the p...	$5,151

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$61K

$79 / participant

Contract admin$61K100.0%

% of EOY assets

0.805%

all-in expense ratio

Categories reported

1 / 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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,042

$56,152-48.3%

$185,861-84.4%

$73,412-60.4%

Participation rate

25.4%

67.6%-42.1pp

78.0%-52.6pp

72.2%-46.8pp

Annual return

18.09%

17.59%+0.5pp

35.96%-17.9pp

59.30%-41.2pp

Employer contribution / active EE

$912

$1,532-40.5%

$4,088-77.7%

$2,234-59.2%

Participant deferral / active EE

$347

$3,659-90.5%

$5,634-93.8%

$3,806-90.9%

Admin fee / account holder

$234

$132+77.0%

$9,503-97.5%

$158+48.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$54,537

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Service code 49 · EIN 52-2114207

Other Services

$14,201

ORENDA RETIREMENT, LLC2 years

Service code 13 · EIN 36-4877979

Contract Administrator

$8,076

ORENDA RETIREMENT, LLC1 year

Filed as: ORENDA RETIRMENT, LLC

Service code 12

Other fees; Direct payment from the p...

$5,151

SOLOMON REALTY ADVISORS, INC.401 (K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLOMON REALTY ADVISORS, INC.401 (K) 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