Retirement plan

K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC 401K PROFIT SHARING PLAN

Name: K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC - K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC 401K PROFIT SHARING PLAN, K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC

K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLCEIN 26-2905893Plan #001PY 2022

935 NORTHERN BLVD., ROOM 202, ROOM 201 - GREAT NECK, NY 11021516-472-2110

Other plans on this EIN

1 filing

#002Retirement-$2.9M assets

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$717K

-48.8% from 2021

Total participants

-22.2% from 2021

Average account balance

$102,449

-34.1% from 2021

Annual return

-25.95%

-39.50 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.16M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

175.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+18.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D

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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$377K

$62800 / participant

Other / not subdivided$377K100.0%

% of EOY assets

52.542%

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

$102,449

$167,352-38.8%

$143,788-28.8%

$134,509-23.8%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-25.95%

0.47%-26.4pp

-0.03%-25.9pp

418.13%-444.1pp

Employer contribution / active EE

$3,793

$5,620-32.5%

$4,952-23.4%

$4,741-20.0%

Participant deferral / active EE

$5,731

$6,447-11.1%

$5,638+1.6%

$6,400-10.5%

Admin fee / account holder

$53,829

$18,091+197.5%

$14,675+266.8%

$11,427+371.1%

K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

K. JACOB COHEN-KASHI & LAWRENCE LIN, PLLC 401K 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