Retirement plan

S.B. FRIEDMAN DEVELOPMENT ADVISORS RETIREMENT PLAN

Name: SB FRIEDMAN DEVELOPMENT ADVISORS, LLC - S.B. FRIEDMAN DEVELOPMENT ADVISORS RETIREMENT PLAN (2021) Form 5500
Creator: SB FRIEDMAN DEVELOPMENT ADVISORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S.B. FRIEDMAN DEVELOPMENT ADVISORS RETIREMENT PLAN, SB FRIEDMAN DEVELOPMENT ADVISORS, LLC

SB FRIEDMAN DEVELOPMENT ADVISORS, LLCEIN 36-3743752Plan #001PY 2021

221 NORTH LASALLE ST., SUITE 820 - CHICAGO, IL 60601312-424-4260sbfriedman.comLinkedIn11-50 employeesreal estate

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

+27.0% from 2020

Total participants

+17.9% from 2020

Average account balance

$93,053

+7.2% from 2020

Annual return

18.19%

-2.16 pp from 2020

Benchmarks

See 126,134 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,134 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.99M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$637K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+18.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$730

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$144K

$6248 / participant

Other / not subdivided$144K100.0%

% of EOY assets

4.826%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,053

$176,077-47.2%

$159,455-41.6%

$167,518-44.5%

Participation rate

95.7%

84.9%+10.7pp

82.8%+12.8pp

82.1%+13.5pp

Annual return

18.19%

331.83%-313.6pp

263.63%-245.4pp

478.71%-460.5pp

Employer contribution / active EE

$4,100

$5,298-22.6%

$4,830-15.1%

$4,838-15.3%

Participant deferral / active EE

$11,150

$7,751+43.8%

$7,353+51.6%

$6,342+75.8%

Admin fee / account holder

$4,491

$12,556-64.2%

$10,800-58.4%

$12,312-63.5%

S.B. FRIEDMAN DEVELOPMENT ADVISORS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S.B. FRIEDMAN DEVELOPMENT ADVISORS RETIREMENT 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