Retirement plan

THE RUSSELL FRIEDMAN LAW GROUP, LLP 401(K) PLAN

Name: THE RUSSELL FRIEDMAN LAW GROUP, LLP - THE RUSSELL FRIEDMAN LAW GROUP, LLP 401(K) PLAN (2022) Form 5500
Creator: THE RUSSELL FRIEDMAN LAW GROUP, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RUSSELL FRIEDMAN LAW GROUP, LLP 401(K) PLAN, THE RUSSELL FRIEDMAN LAW GROUP, LLP

THE RUSSELL FRIEDMAN LAW GROUP, LLPEIN 46-5092830Plan #001PY 2022

400 GARDEN CITY PLAZA, SUITE 500 - GARDEN CITY, NY 11530516-355-9696

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.4M

-11.6% from 2021

Total participants

+4.9% from 2021

Average account balance

$38,809

-11.6% from 2021

Annual return

-16.49%

-32.13 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.64M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

206.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$291K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 codes2E2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$110K

$3675 / participant

Other / not subdivided$110K100.0%

% of EOY assets

4.657%

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

$38,809

$82,678-53.1%

$125,391-69.0%

$68,490-43.3%

Participation rate

90.0%

75.1%+14.9pp

82.4%+7.6pp

67.9%+22.1pp

Annual return

-16.49%

-5.97%-10.5pp

572.41%-588.9pp

-7.85%-8.6pp

Employer contribution / active EE

$3,477

$3,382+2.8%

$4,816-27.8%

$2,597+33.9%

Participant deferral / active EE

$4,556

$6,111-25.4%

$7,448-38.8%

$4,028+13.1%

Admin fee / account holder

$1,807

$6,277-71.2%

$10,009-81.9%

$5,403-66.6%

THE RUSSELL FRIEDMAN LAW GROUP, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RUSSELL FRIEDMAN LAW GROUP, 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