Retirement plan

DRA ADVISORS LLC 401(K) PROFIT SHARING PLAN

Name: DRA ADVISORS LLC - DRA ADVISORS LLC 401(K) PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$56.8M

+13.1% from 2022

Total participants

184

-3.7% from 2022

Average account balance

$321,067

+17.5% from 2022

Annual return

20.15%

+39.56 pp from 2022

Benchmarks

See 4,120 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,120 peers

Snapshot2023

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
MERRILL LYNCH PIERCE FENNER & SMITH2 years Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$76,272
FORVIS, LLP4 years Filed as: MAZARS USA LLP Service code 10 60 CROSSWAYS PARK DR · WOODBURY, NY 117979816	Accounting	$21,840
RPW SOLUTIONS LLC2 years Service code 13 300 BALLARDVALE STREET · WILMINGTON, MA 01887	Contract Administrator	$10,370

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$110K

$1127 / participant

Investment mgmt$76K69.1%
Other / not subdivided$34K30.9%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: $21,840
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$321,067

$70,666+354.3%

$169,385+89.5%

$75,181+327.1%

Participation rate

92.9%

64.8%+28.1pp

77.2%+15.7pp

67.2%+25.7pp

Annual return

20.15%

36.37%-16.2pp

405.82%-385.7pp

160.69%-140.5pp

Employer contribution / active EE

$6,200

$2,210+180.5%

$4,012+54.5%

$2,671+132.2%

Participant deferral / active EE

$22,189

$4,308+415.0%

$6,221+256.7%

$4,126+437.8%

Admin fee / account holder

$624

$5,402-88.5%

$9,011-93.1%

$5,650-89.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$76,272

FORVIS, LLP4 years

Filed as: MAZARS USA LLP

Service code 10

60 CROSSWAYS PARK DR · WOODBURY, NY 117979816

Accounting

$21,840

RPW SOLUTIONS LLC2 years

Service code 13

300 BALLARDVALE STREET · WILMINGTON, MA 01887

Contract Administrator

$10,370

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