Retirement plan

LIEBERMAN & MARK, PLLC 401(K) PROFIT SHARING PLAN

Name: LIEBERMAN & MARK, PLLC - LIEBERMAN & MARK, PLLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: LIEBERMAN & MARK, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIEBERMAN & MARK, PLLC 401(K) PROFIT SHARING PLAN, LIEBERMAN & MARK, PLLC

LIEBERMAN & MARK, PLLCEIN 54-1741484Plan #002PY 2022

818 CONNECTICUT AVE., NW, SUITE 502 - WASHINGTON, DC 20006202-393-3020veteranslawyers.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$1.7M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+0.7% from 2021

Total participants

+11.8% from 2021

Average account balance

$70,039

-9.9% from 2021

Annual return

-17.39%

-16.53 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.64M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

181.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$227K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6897

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$240 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.253%

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

$70,039

$138,102-49.3%

$125,381-44.1%

$134,532-47.9%

Participation rate

100.0%

84.5%+15.5pp

82.4%+17.6pp

81.2%+18.8pp

Annual return

-17.39%

750.73%-768.1pp

572.31%-589.7pp

418.27%-435.7pp

Employer contribution / active EE

$7,290

$5,245+39.0%

$4,815+51.4%

$4,741+53.8%

Participant deferral / active EE

$10,025

$7,801+28.5%

$7,448+34.6%

$6,401+56.6%

Admin fee / account holder

$177

$11,568-98.5%

$10,007-98.2%

$11,429-98.5%

LIEBERMAN & MARK, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIEBERMAN & MARK, PLLC 401(K) PROFIT SHARING 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