Retirement plan

UMBERG ZIPSER LLP 401(K) PLAN

Name: UMBERG ZIPSER LLP - UMBERG ZIPSER LLP 401(K) PLAN (2024) Form 5500
Creator: UMBERG ZIPSER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UMBERG ZIPSER LLP 401(K) PLAN, UMBERG ZIPSER LLP

UMBERG ZIPSER LLPEIN 46-4395817Plan #001PY 2024

1920 MAIN STREET, #750 - IRVINE, CA 92614949-679-0052umbergzipser.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$6.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.4M

+17.8% from 2023

Total participants

-6.7% from 2023

Average account balance

$201,707

+17.8% from 2023

Annual return

10.72%

-3.39 pp from 2023

Benchmarks

See 144,092 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort144,092 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.45M

Not enough data

1 years with asset history on file

Average account balance

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

$202K

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.

117.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$689K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+10.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14944

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

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

$403K

$17543 / participant

Other / not subdivided$403K100.0%

% of EOY assets

7.409%

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

$201,707

$159,934+26.1%

$147,005+37.2%

$145,959+38.2%

Participation rate

95.7%

84.0%+11.7pp

82.2%+13.5pp

80.3%+15.4pp

Annual return

10.72%

98.24%-87.5pp

418.76%-408.0pp

561.95%-551.2pp

Employer contribution / active EE

$14,399

$5,287+172.3%

$4,934+191.8%

$4,661+208.9%

Participant deferral / active EE

$15,575

$8,427+84.8%

$8,070+93.0%

$6,689+132.9%

Admin fee / account holder

$14,944

$15,053-0.7%

$13,006+14.9%

$13,398+11.5%

UMBERG ZIPSER LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UMBERG ZIPSER 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