Retirement plan

S.B. FRIEDMAN DEVELOPMENT ADVISORS RETIREMENT PLAN

Name: SB FRIEDMAN DEVELOPMENT ADVISORS, LLC - S.B. FRIEDMAN DEVELOPMENT ADVISORS RETIREMENT PLAN (2022) 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 2022

70 WEST MADISON STREET, SUITE 3700 - CHICAGO, IL 606024312312-424-4250sbfriedman.comLinkedIn11-50 employeesreal estate

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

-9.4% from 2021

Total participants

-6.1% from 2021

Average account balance

$89,960

-3.3% from 2021

Annual return

-19.36%

-37.55 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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 codes2E3D2G2J2F2T3H

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.
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

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

$78K

$3733 / participant

Other / not subdivided$78K100.0%

% of EOY assets

2.905%

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

$89,960

$138,102-34.9%

$125,381-28.3%

$134,532-33.1%

Participation rate

95.2%

84.5%+10.7pp

82.4%+12.9pp

81.2%+14.0pp

Annual return

-19.36%

750.73%-770.1pp

572.31%-591.7pp

418.27%-437.6pp

Employer contribution / active EE

$5,025

$5,245-4.2%

$4,815+4.3%

$4,741+6.0%

Participant deferral / active EE

$12,862

$7,801+64.9%

$7,448+72.7%

$6,401+100.9%

Admin fee / account holder

$2,613

$11,568-77.4%

$10,007-73.9%

$11,429-77.1%

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