Retirement plan

GEMBALA, MCLAUGHLIN & PECORA CO., LPA 401(K) PROFIT SHARING PLAN

Name: GEMBALA, MCLAUGHLIN & PECORA CO., LPA - GEMBALA, MCLAUGHLIN & PECORA CO., LPA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GEMBALA, MCLAUGHLIN & PECORA CO., LPA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEMBALA, MCLAUGHLIN & PECORA CO., LPA 401(K) PROFIT SHARING PLAN, GEMBALA, MCLAUGHLIN & PECORA CO., LPA

GEMBALA, MCLAUGHLIN & PECORA CO., LPAEIN 31-1534954Plan #001PY 2024

5455 DETROIT RD - SHEFFIELD VILLAGE, OH 440542904440-930-4001gmpfirm.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$709K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3M

+16.4% from 2023

Total participants

+23.3% from 2023

Average account balance

$87,663

-7.6% from 2023

Annual return

11.75%

-5.31 pp from 2023

Benchmarks

See 28,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,910 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.98M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

113.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$956

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 codes2E2F2G2J2R2T3D

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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$32K

$1083 / participant

Other / not subdivided$32K100.0%

% of EOY assets

1.090%

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

$87,663

$102,382-14.4%

$147,005-40.4%

$80,874+8.4%

Participation rate

90.0%

75.8%+14.2pp

82.2%+7.8pp

67.6%+22.4pp

Annual return

11.75%

134.89%-123.1pp

418.76%-407.0pp

35.62%-23.9pp

Employer contribution / active EE

$1,396

$3,715-62.4%

$4,934-71.7%

$2,756-49.3%

Participant deferral / active EE

$3,103

$6,646-53.3%

$8,070-61.5%

$4,297-27.8%

Admin fee / account holder

$956

$7,942-88.0%

$13,006-92.7%

$6,935-86.2%

GEMBALA, MCLAUGHLIN & PECORA CO., LPA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEMBALA, MCLAUGHLIN & PECORA CO., LPA 401(K) 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