Retirement plan

BOND, SCHOENECK & KING PLLC 401K SAVINGS PLAN

Name: BOND, SCHOENECK & KING PLLC - BOND, SCHOENECK & KING PLLC 401K SAVINGS PLAN (2023) Form 5500
Creator: BOND, SCHOENECK & KING PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOND, SCHOENECK & KING PLLC 401K SAVINGS PLAN, BOND, SCHOENECK & KING PLLC

BOND, SCHOENECK & KING PLLCEIN 27-0015651Plan #003PY 2023

ONE LINCOLN CENTER - SYRACUSE, NY 132021355315-218-8000bsk.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$106.5M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$192.2M

-10.7% from 2016

Total participants

730

-2.6% from 2016

Average account balance

$267,676

-9.2% from 2016

Annual return

19.22%

-8.15 pp from 2016

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$214.23M

Not enough data

1 years with asset history on file

Average account balance

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

$288K

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.

743

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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 2 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.9+ years Service code 15 · EIN 23-1945930	Recordkeeping	$61,618
ALESCO ADVISORS9+ years Filed as: ALESCO ADVISORS LLC Service code 27 · EIN 16-1579300	Advisory (Plan)	$27,500

Plan features & details

Pension benefit codes2E2G2J2S3B3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$89K

$182 / participant

Other / not subdivided$89K100.0%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DANNIBLE & MCKEE, LLP
Auditor EIN: 330996661
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$267,676

$95,438+180.5%

$135,998+96.8%

$74,478+259.4%

Participation rate

97.6%

78.2%+19.3pp

81.9%+15.6pp

70.7%+26.8pp

Annual return

19.22%

32.61%-13.4pp

68.37%-49.2pp

34.37%-15.2pp

Employer contribution / active EE

$3,752

$3,878-3.2%

$4,860-22.8%

$2,637+42.3%

Participant deferral / active EE

$11,034

$7,790+41.6%

$7,761+42.2%

$4,530+143.6%

Admin fee / account holder

$124

$259-52.1%

$10,769-98.8%

$347-64.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.9+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$61,618

ALESCO ADVISORS9+ years

Filed as: ALESCO ADVISORS LLC

Service code 27 · EIN 16-1579300

Advisory (Plan)

$27,500

BOND, SCHOENECK & KING PLLC 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOND, SCHOENECK & KING PLLC 401K SAVINGS 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