Retirement plan

COHEN & GRIGSBY, P.C. PENSION PLAN

Name: COHEN & GRIGSBY, P.C. - COHEN & GRIGSBY, P.C. PENSION PLAN (2016) Form 5500
Creator: COHEN & GRIGSBY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COHEN & GRIGSBY, P.C. PENSION PLAN, COHEN & GRIGSBY, P.C.

COHEN & GRIGSBY, P.C.EIN 25-1491692Plan #001PY 2016

625 LIBERTY AVENUE - PITTSBURGH, PA 152223152412-297-4900LinkedIn10001+ employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$19.5M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$109.3M

+9.2% from 2015

Total participants

263

-12.3% from 2015

Average account balance

$415,444

+24.5% from 2015

Annual return

6.27%

+8.47 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$150.71M

Not enough data

1 years with asset history on file

Average account balance

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

$704K

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.

214

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2181

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 6 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: FORT PITT CAPITAL GROUP LLC Service code 26 · EIN 47-5006020	Advisory (Participants)	$242,644
AMERICAN FUNDS2+ years Filed as: FORT PITT CAPITAL GROUP Service code 28 · EIN 25-1768797	Investment Management	$26,141
HUNTER AND ASSOCIATES2+ years Filed as: HUNTER ASSOCIATES, INC. Service code 28 · EIN 25-1854813	Investment Management	$25,450
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782	Float revenue; Securities brokerage c...	$7,605
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$1
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2C2G2R2F2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$302K

$1362 / participant

Investment mgmt$302K99.9%
Other / not subdivided$2600.1%

% of EOY assets

0.277%

all-in expense ratio

Categories reported

1 / 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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$415,444

$75,183+452.6%

$123,894+235.3%

$55,167+653.1%

Participation rate

100.0%

72.8%+27.2pp

81.4%+18.6pp

69.0%+31.0pp

Annual return

6.27%

19.01%-12.7pp

47.52%-41.3pp

169.23%-163.0pp

Employer contribution / active EE

$22,399

$2,823+693.3%

$4,617+385.2%

$1,963+1041.3%

Participant deferral / active EE

$5,084-100.0%

$5,984-100.0%

$3,054-100.0%

Admin fee / account holder

$1,150

$663+73.5%

$8,357-86.2%

$504+128.2%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: FORT PITT CAPITAL GROUP LLC

Service code 26 · EIN 47-5006020

Advisory (Participants)

$242,644

AMERICAN FUNDS2+ years

Filed as: FORT PITT CAPITAL GROUP

Service code 28 · EIN 25-1768797

Investment Management

$26,141

HUNTER AND ASSOCIATES2+ years

Filed as: HUNTER ASSOCIATES, INC.

Service code 28 · EIN 25-1854813

Investment Management

$25,450

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC

Service code 33 · EIN 94-1737782

Float revenue; Securities brokerage c...

$7,605

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC AND AFFIL

Service code 59

Shareholder Servicing

COHEN & GRIGSBY, P.C. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COHEN & GRIGSBY, P.C. PENSION 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