Retirement plan

GOLDBERG, WEISMAN & CAIRO, LTD PROFIT SHARING PLAN

Name: GOLDBERG, WEISMAN & CAIRO, LTD. - GOLDBERG, WEISMAN & CAIRO, LTD PROFIT SHARING PLAN (2015) Form 5500
Creator: GOLDBERG, WEISMAN & CAIRO, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDBERG, WEISMAN & CAIRO, LTD PROFIT SHARING PLAN, GOLDBERG, WEISMAN & CAIRO, LTD.

GOLDBERG, WEISMAN & CAIRO, LTD.EIN 36-2957285Plan #001PY 2015

ONE EAST WACKER DR., 38TH FLOOR - CHICAGO, IL 60601312-245-2190gwclaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$10M

No prior year

Total participants

160

No prior year

Average account balance

$79,465

No prior year

Annual return

0.81%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.46M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

152.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$860K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+9.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1607

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

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$2,130
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH Service code 18 · EIN 13-5674085	Direct payment from the plan; Custodi...	$872

Plan features & details

Pension benefit codes2E2J2F2G2T2R3D

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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$26 / participant

Investment mgmt$87229.0%
Contract admin$2K71.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

2 / 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: TOPEL FORMAN L.L.C
Auditor EIN: 362469413
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,465

$70,002+13.5%

$115,038-30.9%

$52,331+51.9%

Participation rate

70.2%

72.1%-1.9pp

81.4%-11.2pp

68.1%+2.1pp

Annual return

0.81%

4.04%-3.2pp

26.14%-25.3pp

4.54%-3.7pp

Employer contribution / active EE

$1,924

$2,715-29.1%

$4,608-58.2%

$1,882+2.3%

Participant deferral / active EE

$2,507

$4,920-49.0%

$6,026-58.4%

$3,022-17.1%

Admin fee / account holder

$24

$566-95.8%

$8,175-99.7%

$592-96.0%

Provider

Service type

Compensation

ASCENSUS LLC1+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$2,130

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH

Service code 18 · EIN 13-5674085

Direct payment from the plan; Custodi...

$872

GOLDBERG, WEISMAN & CAIRO, LTD PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDBERG, WEISMAN & CAIRO, LTD 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