Retirement plan

OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN

Name: OBERMAYER REBMANN MAXWELL & HIPPEL LLP - OBERMAYER REBMANN MAXWELL & HIPPEL LLP RETIREMENT PLAN (2020) 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 2020

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)

$72.3M

+13.1% from 2019

Total participants

283

-1.0% from 2019

Average account balance

$267,762

+7.3% from 2019

Annual return

12.84%

-6.71 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 9 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: NEWPORT CAPITAL GROUP Service code 16 · EIN 37-6572947	Consulting	$55,377
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INV INST OPS CO Service code 12 · EIN 04-2647786	Direct payment from the plan; Custodi...	$38,298
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-5674085	Investment Management	$20,588
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL Service code 16 · EIN 39-0509570	Consulting	$14,177
FIRSTRUST, LLC2 years Filed as: FIRSTRUST Service code 27 15 EASTRIDGE PIKE · CONSHOHOCKEN, PA 19428	Advisory (Plan)	$11,763
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL, NICOLAUS & COMPANY, INC. Service code 16 ONE FINANCIAL PLAZA · ST. LOIUS, MO 63102	Consulting	$3,915
H BECK INC1 year Filed as: H.BECK INC. Service code 16 2440 RESEARCH BLVD, SUITE 500 · ROCKVILLE, MA 20850	Consulting	$1,045
FID INV INST OPS CO6+ years Service code 60	Sub-TA Fees	$0
NORTHWESTERN MUTUAL INVESTMENT SERV6+ 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

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

$145K

$738 / participant

Other / not subdivided$145K100.0%

% of EOY assets

0.201%

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

$267,762

$99,957+167.9%

$149,730+78.8%

$73,493+264.3%

Participation rate

93.4%

75.7%+17.7pp

82.5%+10.9pp

70.7%+22.7pp

Annual return

12.84%

53.87%-41.0pp

276.70%-263.9pp

28.51%-15.7pp

Employer contribution / active EE

$5,967

$3,191+87.0%

$4,645+28.4%

$2,270+162.8%

Participant deferral / active EE

$8,456

$6,073+39.3%

$6,843+23.6%

$3,740+126.1%

Admin fee / account holder

$538

$551-2.3%

$9,310-94.2%

$513+4.9%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: NEWPORT CAPITAL GROUP

Service code 16 · EIN 37-6572947

Consulting

$55,377

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INV INST OPS CO

Service code 12 · EIN 04-2647786

Direct payment from the plan; Custodi...

$38,298

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-5674085

Investment Management

$20,588

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL

Service code 16 · EIN 39-0509570

Consulting

$14,177

FIRSTRUST, LLC2 years

Filed as: FIRSTRUST

Service code 27

15 EASTRIDGE PIKE · CONSHOHOCKEN, PA 19428

Advisory (Plan)

$11,763

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL, NICOLAUS & COMPANY, INC.

Service code 16

ONE FINANCIAL PLAZA · ST. LOIUS, MO 63102

Consulting

$3,915

H BECK INC1 year

Filed as: H.BECK INC.

Service code 16

2440 RESEARCH BLVD, SUITE 500 · ROCKVILLE, MA 20850

Consulting

$1,045

FID INV INST OPS CO6+ years

Service code 60

Sub-TA Fees

NORTHWESTERN MUTUAL INVESTMENT SERV6+ 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