Retirement plan

NEWMEYER & DILLION EMPLOYEE 401(K) SAVINGS PLAN

Name: NEWMEYER & DILLION, LLP - NEWMEYER & DILLION EMPLOYEE 401(K) SAVINGS PLAN (2023) Form 5500
Creator: NEWMEYER & DILLION, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWMEYER & DILLION EMPLOYEE 401(K) SAVINGS PLAN, NEWMEYER & DILLION, LLP

NEWMEYER & DILLION, LLPEIN 33-0051418Plan #002PY 2023

895 DOVE STREET, SECOND FLOOR - NEWPORT BEACH, CA 92660949-854-7000newmeyerdillion.comLinkedIn51-200 employeeslegal services

Prospect flagsHigh retiree %Low returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$40.1M

+16.3% from 2022

Total participants

144

+7.5% from 2022

Average account balance

$292,987

+8.7% from 2022

Annual return

12.80%

+23.07 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.52M

Not enough data

1 years with asset history on file

Average account balance

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

$325K

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.

134

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.

86.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+10.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1376

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 8 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES9+ years Filed as: RETIREMENT PLAN CONSULTANTS, LLC Service code 14 125 S 4TH STREET · NORFOLK, NE 68701	Plan Administrator	$42,300
MCMILL WEALTH MANAGEMENT, LLC7 years Service code 26 · EIN 47-0608612 125 S 4TH STREET · NORFOLK, NE 68701	Advisory (Participants)	$36,907
SARATOGA RESEARCH & INVESTMENT9+ years Service code 33 14471 BIG BASIN WAY · SARATOGA, CA 95070	Securities brokerage	$35,029
ABBATE, JUNE & ASSOCIATES6 years Service code 33 100 SPECTRUN CENTER DRIVE 1100 · IRVINE, CA 92618	Securities brokerage	$15,125
MARYLAND CAPITAL ADVISORS9+ years Service code 33 CHESTER PLAZA · CHESTER, MD 21619	Securities brokerage	$14,136
THE SHADDEN GROUP9+ years Service code 33 6700 E. PACIFIC COAST HWY STE 110 · LONG BEACH, CA 90803	Securities brokerage	$13,761
THE BAHNSEN GROUP3 years Service code 33 520 NEWPORT CENTER DR #300 · NEWPORT BEACH, CA 92660	Securities brokerage	$6,798
BLUE KAYAK PARTNERS LLC1 year Service code 33 · EIN 26-3236145 188 FRONT ST · FRANKLIN, TN 37064	Securities brokerage	$5,368

Plan features & details

Pension benefit codes2E2J2F2G2R3D3B2T2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$170K

$1663 / participant

Recordkeeping$42K24.9%
Investment mgmt$127K75.1%

% of EOY assets

0.423%

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: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$292,987

$91,474+220.3%

$135,982+115.5%

$71,529+309.6%

Participation rate

93.1%

75.7%+17.5pp

81.9%+11.2pp

67.9%+25.2pp

Annual return

12.80%

29.89%-17.1pp

68.32%-55.5pp

28.97%-16.2pp

Employer contribution / active EE

$11,585

$3,705+212.6%

$4,859+138.4%

$2,590+347.3%

Participant deferral / active EE

$7,294

$7,095+2.8%

$7,760-6.0%

$4,291+70.0%

Admin fee / account holder

$1,238

$1,267-2.3%

$10,767-88.5%

$1,588-22.0%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES9+ years

Filed as: RETIREMENT PLAN CONSULTANTS, LLC

Service code 14

125 S 4TH STREET · NORFOLK, NE 68701

Plan Administrator

$42,300

MCMILL WEALTH MANAGEMENT, LLC7 years

Service code 26 · EIN 47-0608612

125 S 4TH STREET · NORFOLK, NE 68701

Advisory (Participants)

$36,907

SARATOGA RESEARCH & INVESTMENT9+ years

Service code 33

14471 BIG BASIN WAY · SARATOGA, CA 95070

Securities brokerage

$35,029

ABBATE, JUNE & ASSOCIATES6 years

Service code 33

100 SPECTRUN CENTER DRIVE 1100 · IRVINE, CA 92618

Securities brokerage

$15,125

MARYLAND CAPITAL ADVISORS9+ years

Service code 33

CHESTER PLAZA · CHESTER, MD 21619

Securities brokerage

$14,136

THE SHADDEN GROUP9+ years

Service code 33

6700 E. PACIFIC COAST HWY STE 110 · LONG BEACH, CA 90803

Securities brokerage

$13,761

THE BAHNSEN GROUP3 years

Service code 33

520 NEWPORT CENTER DR #300 · NEWPORT BEACH, CA 92660

Securities brokerage

$6,798

BLUE KAYAK PARTNERS LLC1 year

Service code 33 · EIN 26-3236145

188 FRONT ST · FRANKLIN, TN 37064

Securities brokerage

$5,368

NEWMEYER & DILLION EMPLOYEE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWMEYER & DILLION EMPLOYEE 401(K) 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