Retirement plan

DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A. 401K PROFIT SHARING

Name: DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A. - DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A. 401K PROFIT SHARING (2016) Form 5500
Creator: DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A. 401K PROFIT SHARING, DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A.

DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A.EIN 52-1681610Plan #002PY 2016

6701 N. CHARLES STREET - BALTIMORE, MD 21204443-849-2247

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$11.8M

No prior year

Total participants

No prior year

Average account balance

$1,970,126

No prior year

Annual return

16.15%

No prior year

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.55M

Not enough data

1 years with asset history on file

Average account balance

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

$710K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$358K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$72K

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

+15.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15200

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 codes2E2F2G2J3E

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.
3E
One-participant plan combining with another plan
A one-participant plan that satisfies minimum coverage requirements of section 410(b) only when combined with another plan of the employer.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$179K

$29793 / participant

Other / not subdivided$179K100.0%

% of EOY assets

1.512%

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

$1,970,126

$181,896+983.1%

$156,551+1158.5%

$273,972+619.1%

Participation rate

100.0%

88.4%+11.6pp

84.0%+16.0pp

83.0%+17.0pp

Annual return

16.15%

30.74%-14.6pp

32.23%-16.1pp

41.46%-25.3pp

Employer contribution / active EE

$47,594

$6,248+661.7%

$5,501+765.1%

$4,869+877.5%

Participant deferral / active EE

$5,000

$5,550-9.9%

$4,871+2.6%

$5,287-5.4%

Admin fee / account holder

$29,793

$15,560+91.5%

$13,028+128.7%

$10,133+194.0%

DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A. 401K PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRS. PALERMO, BREITENECKER, SIEGEL & LUDWIG, P.A. 401K PROFIT SHARING

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