Retirement plan

SUMMERS LEVINE, LLP RETIREMENT PLAN

Name: SUMMERS LEVINE, LLP - SUMMERS LEVINE, LLP RETIREMENT PLAN (2023) Form 5500
Creator: SUMMERS LEVINE, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMMERS LEVINE, LLP RETIREMENT PLAN, SUMMERS LEVINE, LLP

SUMMERS LEVINE, LLPEIN 37-1837525Plan #001PY 2023

1925 CENTURY PARK EAST, #850 - LOS ANGELES, CA 90067424-324-6000slkfamilylaw.comLinkedIn11-50 employeeslegal services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$935K

+38.2% from 2022

Total participants

0.0% from 2022

Average account balance

$93,525

+38.2% from 2022

Annual return

17.51%

+34.55 pp from 2022

Benchmarks

See 139,766 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,766 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.24M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$191K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2G2J3D

Plan features

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$93,525

$148,623-37.1%

$135,974-31.2%

$139,466-32.9%

Participation rate

60.0%

83.9%-23.9pp

81.9%-21.9pp

80.3%-20.3pp

Annual return

17.51%

79.30%-61.8pp

68.30%-50.8pp

373.66%-356.2pp

Employer contribution / active EE

$5,246-100.0%

$4,859-100.0%

$4,754-100.0%

Participant deferral / active EE

$9,320

$8,103+15.0%

$7,760+20.1%

$6,712+38.9%

Admin fee / account holder

$12,406-100.0%

$10,767-100.0%

$11,409-100.0%

SUMMERS LEVINE, LLP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SUMMERS LEVINE, LLP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion