Retirement plan

RENZULLI LAW FIRM, LLP 401(K) PS PLAN

Name: RENZULLI LAW FIRM, LLP - RENZULLI LAW FIRM, LLP 401(K) PS PLAN (2022) Form 5500
Creator: RENZULLI LAW FIRM, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RENZULLI LAW FIRM, LLP 401(K) PS PLAN, RENZULLI LAW FIRM, LLP

RENZULLI LAW FIRM, LLPEIN 30-0044456Plan #001PY 2022

ONE NORTH BROADWAY SUITE 1005 - WHITE PLAINS, NY 10601914-285-0700renzullilaw.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

2 filings

#003Retirement-$994K assets #002Retirement-$140K assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4.1M

-17.7% from 2021

Total participants

-3.8% from 2021

Average account balance

$194,039

-9.9% from 2021

Annual return

-19.66%

-53.82 pp from 2021

Benchmarks

See 133,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,844 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.06M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

-56.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7130

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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$28K

$1534 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.678%

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

$194,039

$138,114+40.5%

$125,391+54.7%

$134,545+44.2%

Participation rate

77.8%

84.5%-6.7pp

82.4%-4.6pp

81.2%-3.5pp

Annual return

-19.66%

750.88%-770.5pp

572.41%-592.1pp

418.37%-438.0pp

Employer contribution / active EE

$347

$5,246-93.4%

$4,816-92.8%

$4,742-92.7%

Participant deferral / active EE

$4,991

$7,801-36.0%

$7,448-33.0%

$6,401-22.0%

Admin fee / account holder

$1,315

$11,570-88.6%

$10,009-86.9%

$11,431-88.5%

RENZULLI LAW FIRM, LLP 401(K) PS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RENZULLI LAW FIRM, LLP 401(K) PS 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