Retirement plan

KLOPERT & RAVDEN, LLP 401(K) PROFIT SHARING PLAN

Name: KLOPERT & RAVDEN, LLP - KLOPERT & RAVDEN, LLP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: KLOPERT & RAVDEN, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLOPERT & RAVDEN, LLP 401(K) PROFIT SHARING PLAN, KLOPERT & RAVDEN, LLP

KLOPERT & RAVDEN, LLPEIN 61-1501303Plan #001PY 2023

16133 VENTURA BOULEVARD, SUITE 1280 - ENCINO, CA 914362425818-380-1300LinkedIn11-50 employeeslegal services

Other plans on this EIN

1 filing

#002Retirement-$2.6M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.8M

+24.1% from 2022

Total participants

+22.7% from 2022

Average account balance

$221,296

+5.0% from 2022

Annual return

18.58%

+35.43 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.78M

Not enough data

1 years with asset history on file

Average account balance

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

$339K

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

$274K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4198

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 codes2E2G2J2R3B3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.)
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

$28K

$2518 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.481%

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

$221,296

$148,582+48.9%

$135,942+62.8%

$139,456+58.7%

Participation rate

90.9%

83.9%+7.1pp

81.9%+9.0pp

80.3%+10.6pp

Annual return

18.58%

79.26%-60.7pp

68.28%-49.7pp

373.45%-354.9pp

Employer contribution / active EE

$12,614

$5,245+140.5%

$4,858+159.7%

$4,753+165.4%

Participant deferral / active EE

$10,648

$8,101+31.4%

$7,759+37.2%

$6,711+58.7%

Admin fee / account holder

$1,065

$12,402-91.4%

$10,764-90.1%

$11,407-90.7%

KLOPERT & RAVDEN, LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLOPERT & RAVDEN, LLP 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