Retirement plan

CALFEE, HALTER & GRISWOLD LLP PROFIT SHARING TRUST AND PLAN

Name: CALFEE HALTER & GRISWOLD, LLP - CALFEE, HALTER & GRISWOLD LLP PROFIT SHARING TRUST AND PLAN (2023) Form 5500
Creator: CALFEE HALTER & GRISWOLD, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALFEE, HALTER & GRISWOLD LLP PROFIT SHARING TRUST AND PLAN, CALFEE HALTER & GRISWOLD, LLP

CALFEE HALTER & GRISWOLD, LLPEIN 34-0732302Plan #001PY 2023

1405 EAST SIXTH STREET - CLEVELAND, OH 44114216-622-8200calfee.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#003Retirement-$10.9M assets #002Retirement-$4.2M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$190.8M

+4.6% from 2022

Total participants

349

-5.7% from 2022

Average account balance

$611,468

+10.3% from 2022

Annual return

14.28%

+26.37 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$209.05M

Not enough data

1 years with asset history on file

Average account balance

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

$620K

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.

337

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$627

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 6 by compensation

Provider	Service type	Compensation
SANFORD ADVISORY SERVICES2 years Filed as: SANFORD BERNSTEIN Service code 28 · EIN 13-4132953	Investment Management	$78,337
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL Service code 28 · EIN 13-2638166	Investment Management	$50,221
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB Service code 28 · EIN 94-1737782	Investment Management	$18,642
EBS ASSET MANAGEMENT2 years Service code 28 · EIN 31-1386402	Investment Management	$13,738
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY MANAGEMENT Service code 28 · EIN 04-3022712	Investment Management	$10,794
ANCORA ADVISORS1 year Service code 28 6060 PARKLAND BLVD STE 200 · CLEVELAND, OH 44124	Investment Management	$7,271

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R3B3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 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.

Expense breakdown

Schedule H Part II

Admin total

$184K

$854 / participant

Recordkeeping$3K1.4%
Investment mgmt$179K97.5%
Contract admin$5440.3%
Other / not subdivided$1K0.8%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEADEN & MOORE, LTD.
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$611,468

$91,439+568.7%

$135,974+349.7%

$71,511+755.1%

Participation rate

82.8%

75.7%+7.1pp

81.9%+0.9pp

67.9%+14.9pp

Annual return

14.28%

29.90%-15.6pp

68.30%-54.0pp

28.86%-14.6pp

Employer contribution / active EE

$17,390

$3,705+369.4%

$4,859+257.9%

$2,589+571.6%

Participant deferral / active EE

$9,792

$7,093+38.0%

$7,760+26.2%

$4,291+128.2%

Admin fee / account holder

$588

$1,267-53.5%

$10,767-94.5%

$1,588-63.0%

Provider

Service type

Compensation

SANFORD ADVISORY SERVICES2 years

Filed as: SANFORD BERNSTEIN

Service code 28 · EIN 13-4132953

Investment Management

$78,337

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL

Service code 28 · EIN 13-2638166

Investment Management

$50,221

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB

Service code 28 · EIN 94-1737782

Investment Management

$18,642

EBS ASSET MANAGEMENT2 years

Service code 28 · EIN 31-1386402

Investment Management

$13,738

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY MANAGEMENT

Service code 28 · EIN 04-3022712

Investment Management

$10,794

ANCORA ADVISORS1 year

Service code 28

6060 PARKLAND BLVD STE 200 · CLEVELAND, OH 44124

Investment Management

$7,271

CALFEE, HALTER & GRISWOLD LLP PROFIT SHARING TRUST AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALFEE, HALTER & GRISWOLD LLP PROFIT SHARING TRUST AND 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