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 (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$3M

+26.5% from 2022

Total participants

+3.1% from 2022

Average account balance

$46,779

+20.5% from 2022

Annual return

16.74%

+33.23 pp from 2022

Benchmarks

See 28,722 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,722 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$15K

$476 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.509%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,779

$93,571-50.0%

$135,903-65.6%

$75,163-37.8%

Participation rate

93.8%

75.2%+18.6pp

81.9%+11.8pp

67.2%+26.6pp

Annual return

16.74%

30.90%-14.2pp

68.23%-51.5pp

160.62%-143.9pp

Employer contribution / active EE

$3,092

$3,537-12.6%

$4,856-36.3%

$2,670+15.8%

Participant deferral / active EE

$4,574

$6,404-28.6%

$7,758-41.0%

$4,125+10.9%

Admin fee / account holder

$238

$6,975-96.6%

$10,762-97.8%

$5,651-95.8%

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