Retirement plan

MCGIVNEY, KLUGER & COOK, P.C. 401(K) PLAN

Name: MCGIVNEY, KLUGER & COOK, P.C. - MCGIVNEY, KLUGER & COOK, P.C. 401(K) PLAN (2017) Form 5500
Creator: MCGIVNEY, KLUGER & COOK, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCGIVNEY, KLUGER & COOK, P.C. 401(K) PLAN, MCGIVNEY, KLUGER & COOK, P.C.

MCGIVNEY, KLUGER & COOK, P.C.EIN 22-3341493Plan #001PY 2017

18 COLUMBIA TURNPIKE, 3RD FLOOR - FLORHAM PARK, NJ 07932973-822-1110mkcilaw.us.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$8.6M

+17.2% from 2016

Total participants

202

-5.2% from 2016

Average account balance

$81,418

+17.2% from 2016

Annual return

15.05%

+4.10 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.25M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$730K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9728

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

0 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
STADION MONEY MANAGEMENT3+ years Filed as: STADION MONEY MANAGEMENT, INC. Service code 26 · EIN 58-2099805	Advisory (Participants)	$18,915
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$11,409
PENSERV PLAN SERVICES, INC.3+ years Filed as: PENSERV, INC. Service code 15 · EIN 20-2872050	Recordkeeping	$2,707
THE GUARDIAN INSURANCE & ANNUITY CO3+ years Service code 15 · EIN 13-2656036	Recordkeeping	$478
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC. Service code 53 · EIN 04-2746212	Insurance Commissions	$0

Plan features & details

Pension benefit codes2A2E2G2J2K2T3D

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.
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.

Opportunity flags

4 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$38K

$200 / participant

Contract admin$38K100.0%

% of EOY assets

0.439%

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: BILL LAURO, CPA, P.C.
Auditor EIN: 133886999
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,418

$80,753+0.8%

$136,298-40.3%

$62,293+30.7%

Participation rate

49.2%

73.5%-24.3pp

81.9%-32.7pp

69.5%-20.3pp

Annual return

15.05%

35.83%-20.8pp

5156.27%-5141.2pp

28.90%-13.9pp

Employer contribution / active EE

$234

$2,884-91.9%

$4,696-95.0%

$2,042-88.6%

Participant deferral / active EE

$4,088

$5,164-20.8%

$6,247-34.6%

$3,169+29.0%

Admin fee / account holder

$357

$525-32.0%

$9,244-96.1%

$479-25.4%

Provider

Service type

Compensation

STADION MONEY MANAGEMENT3+ years

Filed as: STADION MONEY MANAGEMENT, INC.

Service code 26 · EIN 58-2099805

Advisory (Participants)

$18,915

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$11,409

PENSERV PLAN SERVICES, INC.3+ years

Filed as: PENSERV, INC.

Service code 15 · EIN 20-2872050

Recordkeeping

$2,707

THE GUARDIAN INSURANCE & ANNUITY CO3+ years

Service code 15 · EIN 13-2656036

Recordkeeping

$478

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC.

Service code 53 · EIN 04-2746212

Insurance Commissions

MCGIVNEY, KLUGER & COOK, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCGIVNEY, KLUGER & COOK, P.C. 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