Retirement plan

MARGOLIS EDELSTEIN 401(K) PROFIT SHARING PLAN

Name: MARGOLIS EDELSTEIN - MARGOLIS EDELSTEIN 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MARGOLIS EDELSTEIN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARGOLIS EDELSTEIN 401(K) PROFIT SHARING PLAN, MARGOLIS EDELSTEIN

MARGOLIS EDELSTEINEIN 23-2049922Plan #001PY 2024

THE CURTIS CENTER - SUITE 400 E, 170 S. INDEPENDENCE MALL W. - PHILADELPHIA, PA 191063304215-922-1100margolisedelstein.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$60M

+1.1% from 2023

Total participants

285

+4.4% from 2023

Average account balance

$226,566

-3.8% from 2023

Annual return

14.65%

-5.36 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$60.04M

Not enough data

1 years with asset history on file

Average account balance

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

$227K

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.

265

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$406

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 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC8 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$52,659
ALLOY, SILVERSTEIN, SHAPIRO, ADAMS8 years Service code 10 · EIN 22-1942902	Accounting	$24,900
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$22,277

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D2R

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$107K

$548 / participant

Recordkeeping$25K23.4%
Investment mgmt$53K49.4%
Other / not subdivided$29K27.3%

% of EOY assets

0.179%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALLOY SILVERSTEIN SHAPIRO ADAMS
Auditor EIN: 221942902
Audit fees: $24,900
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$226,566

$101,672+122.8%

$147,117+54.0%

$74,478+204.2%

Participation rate

89.8%

75.5%+14.2pp

82.2%+7.6pp

67.2%+22.6pp

Annual return

14.65%

8757.83%-8743.2pp

420.54%-405.9pp

1370.56%-1355.9pp

Employer contribution / active EE

$2,543

$3,813-33.3%

$4,932-48.4%

$2,626-3.2%

Participant deferral / active EE

$9,161

$7,305+25.4%

$8,065+13.6%

$4,350+110.6%

Admin fee / account holder

$406

$1,753-76.9%

$12,993-96.9%

$1,946-79.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC8 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$52,659

ALLOY, SILVERSTEIN, SHAPIRO, ADAMS8 years

Service code 10 · EIN 22-1942902

Accounting

$24,900

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$22,277

MARGOLIS EDELSTEIN 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARGOLIS EDELSTEIN 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