Retirement plan

DRA ADVISORS LLC 401(K) PROFIT SHARING PLAN

Name: DRA ADVISORS LLC - DRA ADVISORS LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: DRA ADVISORS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRA ADVISORS LLC 401(K) PROFIT SHARING PLAN, DRA ADVISORS LLC

DRA ADVISORS LLCEIN 33-1032314Plan #001PY 2020

575 FIFTH AVENUE, 38TH FLOOR - NEW YORK, NY 10017212-697-4740fidelitytechsolutions.comLinkedIn51-200 employeesreal estate

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$56.3M

+3.2% from 2019

Total participants

191

-26.8% from 2019

Average account balance

$302,896

+38.7% from 2019

Annual return

15.67%

-8.78 pp from 2019

Benchmarks

See 3,715 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,715 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$77.18M

Not enough data

1 years with asset history on file

Average account balance

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

$451K

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.

171

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+16.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$679

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 3 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICES LLC Service code 27	Advisory (Plan)	$87,553
FORVIS, LLP1 year Filed as: MAZARS USA LLP Service code 10	Accounting	$16,000
SHERIDAN ROAD ADVISORS LLC1 year Filed as: HUB INTERNATIONAL NEW ENGLAND LLC Service code 13	Contract Administrator	$9,883

Plan features & details

Pension benefit codes2G2E2J2K2F3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$27K

$310 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$302,896

$72,027+320.5%

$185,835+63.0%

$79,852+279.3%

Participation rate

94.2%

65.8%+28.4pp

78.0%+16.1pp

69.6%+24.5pp

Annual return

15.67%

23.13%-7.5pp

35.96%-20.3pp

31.72%-16.1pp

Employer contribution / active EE

$5,623

$1,965+186.1%

$4,087+37.6%

$2,471+127.5%

Participant deferral / active EE

$17,637

$3,780+366.7%

$5,633+213.1%

$3,740+371.5%

Admin fee / account holder

$143

$4,513-96.8%

$9,502-98.5%

$5,306-97.3%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICES LLC

Service code 27

Advisory (Plan)

$87,553

FORVIS, LLP1 year

Filed as: MAZARS USA LLP

Service code 10

Accounting

$16,000

SHERIDAN ROAD ADVISORS LLC1 year

Filed as: HUB INTERNATIONAL NEW ENGLAND LLC

Service code 13

Contract Administrator

$9,883

DRA ADVISORS LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRA ADVISORS LLC 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