Retirement plan

OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN

Name: OBERMAYER REBMANN MAXWELL & HIPPEL LLP - OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN (2019) 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 2019

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

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$63.9M

+16.1% from 2018

Total participants

286

-6.8% from 2018

Average account balance

$249,612

+22.9% from 2018

Annual return

19.55%

+23.54 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Filed as: FIDELITY INV INST OPS CO Service code 12 · EIN 04-2647786	Claims processing; Direct payment fro...	$66,007
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-5674085	Investment Management	$17,899
FIRSTRUST, LLC1 year Filed as: FIRSTRUST Service code 27 15 EASTRIDGE PIKE · CONSHOHOCKEN, PA 19428	Advisory (Plan)	$10,776
FID INV INST OPS CO5+ years Service code 60	Sub-TA Fees	$0
NORTHWESTERN MUTUAL INVESTMENT SERV5+ years Filed as: NORTHWESTERN MUTUAL -NMWMC Service code 72	Other investment fees and expenses	$0

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

3 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).

Expense breakdown

Schedule H Part II

Admin total

$96K

$479 / participant

Other / not subdivided$96K100.0%

% of EOY assets

0.150%

all-in expense ratio

Categories reported

0 / 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: TAIT WELLER BAKER LLP
Auditor EIN: 231144520
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$249,612

$89,652+178.4%

$141,191+76.8%

$65,185+282.9%

Participation rate

85.0%

74.7%+10.3pp

82.5%+2.5pp

70.2%+14.8pp

Annual return

19.55%

32.79%-13.2pp

71.41%-51.9pp

29.38%-9.8pp

Employer contribution / active EE

$4,900

$3,065+59.9%

$4,736+3.5%

$2,177+125.1%

Participant deferral / active EE

$8,176

$5,691+43.7%

$6,710+21.8%

$3,514+132.7%

Admin fee / account holder

$374

$569-34.1%

$10,264-96.4%

$847-55.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Filed as: FIDELITY INV INST OPS CO

Service code 12 · EIN 04-2647786

Claims processing; Direct payment fro...

$66,007

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-5674085

Investment Management

$17,899

FIRSTRUST, LLC1 year

Filed as: FIRSTRUST

Service code 27

15 EASTRIDGE PIKE · CONSHOHOCKEN, PA 19428

Advisory (Plan)

$10,776

FID INV INST OPS CO5+ years

Service code 60

Sub-TA Fees

NORTHWESTERN MUTUAL INVESTMENT SERV5+ years

Filed as: NORTHWESTERN MUTUAL -NMWMC

Service code 72

Other investment fees and expenses

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