Retirement plan

OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN

Name: OBERMAYER REBMANN MAXWELL & HIPPEL LLP - OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN (2024) Form 5500
Creator: OBERMAYER REBMANN MAXWELL & HIPPEL LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN, OBERMAYER REBMANN MAXWELL & HIPPEL LLP

OBERMAYER REBMANN MAXWELL & HIPPEL LLPEIN 23-0549120Plan #002PY 2024

CENTRE SQUARE WEST, 1500 MARKET STREET, SUITE 3400 - PHILADELPHIA, PA 19102215-665-3189obermayer.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$85.3M

+11.8% from 2023

Total participants

289

-2.0% from 2023

Average account balance

$306,762

+14.2% from 2023

Annual return

11.95%

-2.71 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

$85.28M

Not enough data

1 years with asset history on file

Average account balance

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

$307K

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.

278

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+11.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 7 by compensation

Provider	Service type	Compensation
FID INV INST OPS CO10+ years Service code 12 · EIN 04-2647786	Sub-transfer agency fees; Claims proc...	$41,460
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-5674085	Investment Management	$20,910
EQUITABLE ADVISORS LLC4 years Filed as: EQUITABLE ADVISORS Service code 16 LPL FINANCIAL · SAN DIEGO, CA 92121	Consulting	$12,347
STIFEL NICOLAUS & CO INC5 years Filed as: STIFEL, NICOLAUS & COMPANY, INC. Service code 16 ONE FINANCIAL PLAZA · ST. LOUIS, MO 63102	Consulting	$6,764
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$2,337
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Filed as: NORTHWESTERN MUTUAL - NMWMC Service code 12 · EIN 39-2018056	Claims processing; Other insurance fe...	$2,080
TALCOTT RESOLUTION LIFE INS CO2 years Service code 12 · EIN 06-0194148	Other insurance fees and expenses; Cl...	$1,220

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3B3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$87K

$431 / participant

Recordkeeping$41K47.6%
Investment mgmt$36K40.9%
Contract admin$3K3.8%
Other / not subdivided$7K7.8%

% of EOY assets

0.102%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TAIT WELLER BAKER LLP
Auditor EIN: 231144520
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$306,762

$101,591+202.0%

$147,096+108.5%

$74,429+312.2%

Participation rate

94.6%

75.5%+19.0pp

82.2%+12.4pp

67.2%+27.3pp

Annual return

11.95%

8746.45%-8734.5pp

419.75%-407.8pp

1368.38%-1356.4pp

Employer contribution / active EE

$7,278

$3,813+90.9%

$4,936+47.4%

$2,625+177.3%

Participant deferral / active EE

$9,362

$7,302+28.2%

$8,071+16.0%

$4,348+115.3%

Admin fee / account holder

$313

$1,750-82.1%

$13,005-97.6%

$1,944-83.9%

Provider

Service type

Compensation

FID INV INST OPS CO10+ years

Service code 12 · EIN 04-2647786

Sub-transfer agency fees; Claims proc...

$41,460

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-5674085

Investment Management

$20,910

EQUITABLE ADVISORS LLC4 years

Filed as: EQUITABLE ADVISORS

Service code 16

LPL FINANCIAL · SAN DIEGO, CA 92121

Consulting

$12,347

STIFEL NICOLAUS & CO INC5 years

Filed as: STIFEL, NICOLAUS & COMPANY, INC.

Service code 16

ONE FINANCIAL PLAZA · ST. LOUIS, MO 63102

Consulting

$6,764

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$2,337

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Filed as: NORTHWESTERN MUTUAL - NMWMC

Service code 12 · EIN 39-2018056

Claims processing; Other insurance fe...

$2,080

TALCOTT RESOLUTION LIFE INS CO2 years

Service code 12 · EIN 06-0194148

Other insurance fees and expenses; Cl...

$1,220

OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OBERMAYER REBMANN MAXWELL & HIPPEL LLP 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