Retirement plan

NORRIS MCLAUGHLIN & MARCUS P.A. THRIFT SAVINGS PLA

Name: NORRIS MCLAUGHLIN & MARCUS PA - NORRIS MCLAUGHLIN & MARCUS P.A. THRIFT SAVINGS PLA (2017) Form 5500
Creator: NORRIS MCLAUGHLIN & MARCUS PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORRIS MCLAUGHLIN & MARCUS P.A. THRIFT SAVINGS PLA, NORRIS MCLAUGHLIN & MARCUS PA

NORRIS MCLAUGHLIN & MARCUS PAEIN 62-1408127Plan #002PY 2017

400 CROSSING BLVD., 8TH FLOOR P.O BOX 5933 - BRIDGEWATER, NJ 08807908-722-0700nmmlaw.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$18.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$62.3M

+18.9% from 2016

Total participants

277

+5.3% from 2016

Average account balance

$244,219

+14.7% from 2016

Annual return

18.90%

+13.88 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$75.64M

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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.

230

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.

86.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.74M

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

+15.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$362

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 10 of 18 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 33 · EIN 04-1590850	Sub-transfer agency fees; Recordkeepi...	$80,152
CHADLER INVESTMENT ADVISORY SOLUTIO2 years Service code 27 · EIN 46-1028567	Advisory (Plan)	$22,500
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 59 · EIN 94-1737782	Shareholder Servicing	$204
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DAVIS1 year Service code 52 · EIN 85-0390831	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON1 year Filed as: DREYFUS Service code 52 · EIN 13-4193975	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 94-3025604	Indirect Investment Fees	$0
GOLDMAN SACHS1 year Service code 52 · EIN 13-5108880	Indirect Investment Fees	$0
THE HARTFORD1 year Filed as: HARTFORD HLS Service code 52 · EIN 22-2937447	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2R3D2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$78K

$378 / participant

Investment mgmt$71K91.8%
Contract admin$6K7.9%
Other / not subdivided$2000.3%

% of EOY assets

0.125%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$244,219

$80,753+202.4%

$136,298+79.2%

$62,293+292.0%

Participation rate

89.3%

73.5%+15.8pp

81.9%+7.4pp

69.5%+19.8pp

Annual return

18.90%

35.83%-16.9pp

5156.27%-5137.4pp

28.90%-10.0pp

Employer contribution / active EE

$2,875

$2,884-0.3%

$4,696-38.8%

$2,042+40.8%

Participant deferral / active EE

$9,006

$5,164+74.4%

$6,247+44.2%

$3,169+184.2%

Admin fee / account holder

$305

$525-41.9%

$9,244-96.7%

$479-36.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 33 · EIN 04-1590850

Sub-transfer agency fees; Recordkeepi...

$80,152

CHADLER INVESTMENT ADVISORY SOLUTIO2 years

Service code 27 · EIN 46-1028567

Advisory (Plan)

$22,500

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59 · EIN 94-1737782

Shareholder Servicing

$204

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DAVIS1 year

Service code 52 · EIN 85-0390831

Indirect Investment Fees

THE BANK OF NEW YORK MELLON1 year

Filed as: DREYFUS

Service code 52 · EIN 13-4193975

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 94-3025604

Indirect Investment Fees

GOLDMAN SACHS1 year

Service code 52 · EIN 13-5108880

Indirect Investment Fees

THE HARTFORD1 year

Filed as: HARTFORD HLS

Service code 52 · EIN 22-2937447

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

NORRIS MCLAUGHLIN & MARCUS P.A. THRIFT SAVINGS PLA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORRIS MCLAUGHLIN & MARCUS P.A. THRIFT SAVINGS PLA

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