Retirement plan

MESSERLI & KRAMER, P.A. SAVINGS & RETIREMENT PLAN

Name: MESSERLI & KRAMER, P.A. - MESSERLI & KRAMER, P.A. SAVINGS & RETIREMENT PLAN (2023) Form 5500
Creator: MESSERLI & KRAMER, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MESSERLI & KRAMER, P.A. SAVINGS & RETIREMENT PLAN, MESSERLI & KRAMER, P.A.

MESSERLI & KRAMER, P.A.EIN 41-1767334Plan #001PY 2023

100 SOUTH 5TH STREET, SUITE 1400 - MINNEAPOLIS, MN 55402612-672-3654messerlikramer.comLinkedIn201-500 employeeslaw practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$42.4M

+17.8% from 2022

Total participants

379

-1.3% from 2022

Average account balance

$114,969

+21.0% from 2022

Annual return

18.34%

+38.52 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

$45.94M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

395

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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 1 by compensation

Provider	Service type	Compensation
NWPS2 years Service code 15 · EIN 91-2090931	Recordkeeping	$34,789

Plan features & details

Pension benefit codes2E2F2J2K2T

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).
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.
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.

Opportunity flags

1 tripped

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

$35K

$140 / participant

Recordkeeping$35K100.0%

% of EOY assets

0.082%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COPELAND BUHL & COMPANY PLLP
Auditor EIN: 411292716
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,969

$91,439+25.7%

$135,974-15.4%

$71,511+60.8%

Participation rate

96.0%

75.7%+20.3pp

81.9%+14.0pp

67.9%+28.0pp

Annual return

18.34%

29.90%-11.6pp

68.30%-50.0pp

28.86%-10.5pp

Employer contribution / active EE

$3,831

$3,705+3.4%

$4,859-21.1%

$2,589+48.0%

Participant deferral / active EE

$6,146

$7,093-13.4%

$7,760-20.8%

$4,291+43.2%

Admin fee / account holder

$94

$1,267-92.6%

$10,767-99.1%

$1,588-94.1%

Provider

Service type

Compensation

NWPS2 years

Service code 15 · EIN 91-2090931

Recordkeeping

$34,789

MESSERLI & KRAMER, P.A. SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MESSERLI & KRAMER, P.A. SAVINGS & 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