Retirement plan

IM GLOBAL PARTNER FUND MANAGEMENT, LLC & LITMAN GREGORY WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: IM GLOBAL PARTNER FUND MANAGEMENT, LLC - IM GLOBAL PARTNER FUND MANAGEMENT, LLC & LITMAN GREGORY WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: IM GLOBAL PARTNER FUND MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IM GLOBAL PARTNER FUND MANAGEMENT, LLC & LITMAN GREGORY WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, IM GLOBAL PARTNER FUND MANAGEMENT, LLC

IM GLOBAL PARTNER FUND MANAGEMENT, LLCEIN 68-0387500Plan #001PY 2022

2301 ROSECRANS AVENUE, SUITE 2150 - EL SEGUNDO, CA 90245415-461-8999

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$25.5M

-17.7% from 2021

Total participants

+11.8% from 2021

Average account balance

$268,191

-26.4% from 2021

Annual return

-14.94%

-26.37 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.25M

Not enough data

1 years with asset history on file

Average account balance

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

$369K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29993

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 codes2E2J3B3D3H2G2T

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$2.0M

$36097 / participant

Other / not subdivided$2M100.0%

% of EOY assets

7.792%

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

$268,191

$110,083+143.6%

$151,639+76.9%

$68,486+291.6%

Participation rate

100.0%

84.0%+16.0pp

87.5%+12.5pp

67.9%+32.1pp

Annual return

-14.94%

-10.12%-4.8pp

3.34%-18.3pp

-7.85%-7.1pp

Employer contribution / active EE

$6,445

$4,470+44.2%

$6,165+4.6%

$2,597+148.2%

Participant deferral / active EE

$14,054

$6,526+115.3%

$8,363+68.0%

$4,028+248.9%

Admin fee / account holder

$20,898

$7,718+170.8%

$11,613+80.0%

$5,404+286.7%

IM GLOBAL PARTNER FUND MANAGEMENT, LLC & LITMAN GREGORY WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IM GLOBAL PARTNER FUND MANAGEMENT, LLC & LITMAN GREGORY WEALTH MANAGEMENT, LLC 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