Retirement plan

CIPRIANI & WERNER, P.C. 401(K) PLAN

Name: CIPRIANI & WERNER, P.C. - CIPRIANI & WERNER, P.C. 401(K) PLAN (2024) Form 5500
Creator: CIPRIANI & WERNER, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIPRIANI & WERNER, P.C. 401(K) PLAN, CIPRIANI & WERNER, P.C.

CIPRIANI & WERNER, P.C.EIN 25-1779527Plan #001PY 2024

650 WASHINGTON ROAD, SUITE 700 - PITTSBURGH, PA 15228412-563-2500c-wlaw.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$49.9M

+22.9% from 2023

Total participants

429

+10.3% from 2023

Average account balance

$158,808

+16.2% from 2023

Annual return

17.54%

-3.18 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.87M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

314

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.

69.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.32M

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

+17.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$608

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 5 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP8 years Filed as: STANCORP FINANCIAL Service code 12 · EIN 93-1253576	Custodial (securities); Sub-transfer ...	$117,705
FIRST NATIONAL TRUST COMPANY8 years Service code 27 · EIN 20-0433578	Advisory (Plan)	$60,181
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$27,034
WILMINGTON TRUST1 year Filed as: WILMINGTON TRUST NATIONAL ASSOC Service code 27 · EIN 16-1486454	Advisory (Plan)	$8,181
STANCORP FINANCIAL GROUP8 years Service code 19	Securities Custodian	$2,718

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$191K

$510 / participant

Investment mgmt$73K38.3%
Contract admin$118K61.7%

% of EOY assets

0.383%

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: LALLY & CO.
Auditor EIN: 814474059
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,808

$106,264+49.4%

$147,117+7.9%

$77,762+104.2%

Participation rate

69.3%

78.4%-9.2pp

82.2%-12.9pp

70.6%-1.3pp

Annual return

17.54%

56.94%-39.4pp

420.54%-403.0pp

31.27%-13.7pp

Employer contribution / active EE

$3,755

$4,074-7.8%

$4,932-23.9%

$2,728+37.6%

Participant deferral / active EE

$7,809

$8,003-2.4%

$8,065-3.2%

$4,651+67.9%

Admin fee / account holder

$608

$334+81.8%

$12,993-95.3%

$433+40.4%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP8 years

Filed as: STANCORP FINANCIAL

Service code 12 · EIN 93-1253576

Custodial (securities); Sub-transfer ...

$117,705

FIRST NATIONAL TRUST COMPANY8 years

Service code 27 · EIN 20-0433578

Advisory (Plan)

$60,181

CHARLES SCHWAB & CO., INC.7 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$27,034

WILMINGTON TRUST1 year

Filed as: WILMINGTON TRUST NATIONAL ASSOC

Service code 27 · EIN 16-1486454

Advisory (Plan)

$8,181

STANCORP FINANCIAL GROUP8 years

Service code 19

Securities Custodian

$2,718

CIPRIANI & WERNER, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIPRIANI & WERNER, P.C. 401(K) 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