Retirement plan

GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN

Name: GOODELL, DEVRIES, LEECH & DANN LLP - GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN (2024) Form 5500
Creator: GOODELL, DEVRIES, LEECH & DANN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN, GOODELL, DEVRIES, LEECH & DANN LLP

GOODELL, DEVRIES, LEECH & DANN LLPEIN 52-1571248Plan #004PY 2024

ONE SOUTH STREET - BALTIMORE, MD 21202410-783-7253gdldlaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$34.6M assets #003Retirement-$7.3M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$19.5M

+5.3% from 2023

Total participants

-11.5% from 2023

Average account balance

$212,292

+5.3% from 2023

Annual return

3.17%

-16.11 pp from 2023

Benchmarks

See 28,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,910 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.53M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

137.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$610K

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

+3.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3004

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 codes2F2G2J3D

Plan features

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$276K

$4125 / participant

Other / not subdivided$276K100.0%

% of EOY assets

1.415%

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

$212,292

$102,382+107.4%

$147,005+44.4%

$80,874+162.5%

Participation rate

100.0%

75.8%+24.2pp

82.2%+17.8pp

67.6%+32.4pp

Annual return

3.17%

134.89%-131.7pp

418.76%-415.6pp

35.62%-32.4pp

Employer contribution / active EE

$3,715-100.0%

$4,934-100.0%

$2,756-100.0%

Participant deferral / active EE

$9,104

$6,646+37.0%

$8,070+12.8%

$4,297+111.9%

Admin fee / account holder

$3,004

$7,942-62.2%

$13,006-76.9%

$6,935-56.7%

GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF 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