Retirement plan

NEWMAN, NEWMAN, & KAUFMAN, LLP 401(K) PLAN

Name: NEWMAN, NEWMAN, & KAUFMAN, LLP - NEWMAN, NEWMAN, & KAUFMAN, LLP 401(K) PLAN (2020) Form 5500
Creator: NEWMAN, NEWMAN, & KAUFMAN, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWMAN, NEWMAN, & KAUFMAN, LLP 401(K) PLAN, NEWMAN, NEWMAN, & KAUFMAN, LLP

NEWMAN, NEWMAN, & KAUFMAN, LLPEIN 45-0479877Plan #001PY 2020

115 BROADHOLLOW RD, STE 215 - MELVILLE, NY 11747516-364-0700nnkllp.comLinkedIn11-50 employeesaccounting

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+25.4% from 2019

Total participants

0.0% from 2019

Average account balance

$138,192

+39.4% from 2019

Annual return

20.74%

-2.44 pp from 2019

Benchmarks

See 120,779 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,779 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.64M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$313K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56127

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 codes2E2F2G2J3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$152 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.134%

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

$138,192

$165,361-16.4%

$149,715-7.7%

$158,950-13.1%

Participation rate

50.0%

84.6%-34.6pp

82.5%-32.5pp

82.0%-32.0pp

Annual return

20.74%

348.24%-327.5pp

276.66%-255.9pp

302.91%-282.2pp

Employer contribution / active EE

$5,103-100.0%

$4,645-100.0%

$4,762-100.0%

Participant deferral / active EE

$4,387

$7,182-38.9%

$6,842-35.9%

$5,983-26.7%

Admin fee / account holder

$186

$10,808-98.3%

$9,310-98.0%

$11,248-98.3%

NEWMAN, NEWMAN, & KAUFMAN, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWMAN, NEWMAN, & KAUFMAN, LLP 401(K) 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