Retirement plan

MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A. PROFIT SHARING 401(K) PLAN

Name: MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A. - MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A. PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A. PROFIT SHARING 401(K) PLAN, MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A.

MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A.EIN 59-1458887Plan #002PY 2022

P.O. BOX 27 - ST. PETERSBURG, FL 33731727-822-4929mslbb-law.comLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

-1.4% from 2021

Total participants

0.0% from 2021

Average account balance

$146,472

+6.1% from 2021

Annual return

-8.91%

-19.75 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

$2.02M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$159K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+9.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1554

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 codes2E2F2G2J2T3D

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.
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.

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

$26K

$2634 / participant

Other / not subdivided$26K100.0%

% of EOY assets

1.383%

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

$146,472

$138,102+6.1%

$125,381+16.8%

$134,532+8.9%

Participation rate

90.0%

84.5%+5.5pp

82.4%+7.6pp

81.2%+8.8pp

Annual return

-8.91%

750.73%-759.6pp

572.31%-581.2pp

418.27%-427.2pp

Employer contribution / active EE

$4,949

$5,245-5.6%

$4,815+2.8%

$4,741+4.4%

Participant deferral / active EE

$12,060

$7,801+54.6%

$7,448+61.9%

$6,401+88.4%

Admin fee / account holder

$2,026

$11,568-82.5%

$10,007-79.8%

$11,429-82.3%

MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEROS, SMITH, LAZZARA, BRENNAN & BRENNAN, P.A. PROFIT SHARING 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