Retirement plan

NOW LEGAL DEFENSE AND EDUCATION FUND PROFIT SHARIN G PLAN

Name: LEGAL MOMENTUM, INC. - NOW LEGAL DEFENSE AND EDUCATION FUND PROFIT SHARIN G PLAN (2020) Form 5500
Creator: LEGAL MOMENTUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NOW LEGAL DEFENSE AND EDUCATION FUND PROFIT SHARIN G PLAN, LEGAL MOMENTUM, INC.

LEGAL MOMENTUM, INC.EIN 23-7085442Plan #001PY 2020

16 EAST 34TH STREET 6TH FLOOR - NEW YORK, NY 10016212-925-6635legalmomentum.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+11.0% from 2019

Total participants

-5.9% from 2019

Average account balance

$38,654

+18.1% from 2019

Annual return

12.74%

-5.50 pp from 2019

Benchmarks

See 120,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,756 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.12M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

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.

366.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$130K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1888

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$177K

$16058 / participant

Other / not subdivided$177K100.0%

% of EOY assets

9.723%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,654

$165,381-76.6%

$149,730-74.2%

$158,966-75.7%

Participation rate

90.9%

84.6%+6.3pp

82.5%+8.4pp

82.0%+8.9pp

Annual return

12.74%

348.29%-335.6pp

276.70%-264.0pp

302.95%-290.2pp

Employer contribution / active EE

$4,664

$5,104-8.6%

$4,645+0.4%

$4,762-2.1%

Participant deferral / active EE

$8,795

$7,182+22.5%

$6,843+28.5%

$5,983+47.0%

Admin fee / account holder

$3,758

$10,809-65.2%

$9,310-59.6%

$11,250-66.6%

NOW LEGAL DEFENSE AND EDUCATION FUND PROFIT SHARIN G PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NOW LEGAL DEFENSE AND EDUCATION FUND PROFIT SHARIN G 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