Retirement plan

MARGOLIS EDELSTEIN 401(K) PROFIT SHARING PLAN

Name: MARGOLIS EDELSTEIN - MARGOLIS EDELSTEIN 401(K) PROFIT SHARING PLAN (2017) 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 2017

601 WALNUT STREET, 170 S INDEPENDENCE SQUARE W, 4TH FL - PHILADELPHIA, PA 191063304215-922-1100margolisedelstein.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$49.1M

+7.6% from 2016

Total participants

252

-5.3% from 2016

Average account balance

$196,296

+9.8% from 2016

Annual return

15.52%

+9.47 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

$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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1 year Service code 16 · EIN 13-2638166	Consulting	$76,255
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$44,644
ALLOY, SILVERSTEIN, SHAPIRO, ADAMS1 year Service code 10 · EIN 22-1942902	Accounting	$18,500
AMERICAN UNITED LIFE INSURANCE CO2 years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 45-5378846	Recordkeeping	$13,076

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

2 tripped

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

$162K

$847 / participant

Other / not subdivided$162K100.0%

% of EOY assets

0.330%

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: ALLOY SILVERSTEIN SHAPIRO ADAMS
Auditor EIN: 221942902
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$196,296

$80,753+143.1%

$136,298+44.0%

$62,293+215.1%

Participation rate

99.0%

73.5%+25.4pp

81.9%+17.0pp

69.5%+29.4pp

Annual return

15.52%

35.83%-20.3pp

5156.27%-5140.7pp

28.90%-13.4pp

Employer contribution / active EE

$2,094

$2,884-27.4%

$4,696-55.4%

$2,042+2.5%

Participant deferral / active EE

$8,936

$5,164+73.0%

$6,247+43.0%

$3,169+182.0%

Admin fee / account holder

$647

$525+23.2%

$9,244-93.0%

$479+35.0%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Service code 16 · EIN 13-2638166

Consulting

$76,255

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$44,644

ALLOY, SILVERSTEIN, SHAPIRO, ADAMS1 year

Service code 10 · EIN 22-1942902

Accounting

$18,500

AMERICAN UNITED LIFE INSURANCE CO2 years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15 · EIN 45-5378846

Recordkeeping

$13,076

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