Retirement plan

RILEY SAFER HOLMES & CANCILA ASSOCIATE RETIREMENT PLAN

Name: RILEY SAFER HOLMES & CANCILA LLP - RILEY SAFER HOLMES & CANCILA ASSOCIATE RETIREMENT PLAN (2022) Form 5500
Creator: RILEY SAFER HOLMES & CANCILA LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RILEY SAFER HOLMES & CANCILA ASSOCIATE RETIREMENT PLAN, RILEY SAFER HOLMES & CANCILA LLP

RILEY SAFER HOLMES & CANCILA LLPEIN 81-1258466Plan #002PY 2022

THREE FIRST NATIONAL PLAZA, 70 WEST MADISON, SUITE 2900 - CHICAGO, IL 60602312-471-8700rshc-law.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$25.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.6M

+6.5% from 2021

Total participants

+10.6% from 2021

Average account balance

$60,561

-4.3% from 2021

Annual return

-14.39%

-23.67 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.65M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$813K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2913

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 codes2F2G2J2T3D

Plan features

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

$162K

$2838 / participant

Other / not subdivided$162K100.0%

% of EOY assets

4.528%

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

$60,561

$82,674-26.7%

$125,381-51.7%

$68,486-11.6%

Participation rate

75.4%

75.1%+0.4pp

82.4%-6.9pp

67.9%+7.5pp

Annual return

-14.39%

-5.97%-8.4pp

572.31%-586.7pp

-7.85%-6.5pp

Employer contribution / active EE

$1,730

$3,382-48.8%

$4,815-64.1%

$2,597-33.4%

Participant deferral / active EE

$13,387

$6,111+119.1%

$7,448+79.8%

$4,028+232.4%

Admin fee / account holder

$2,742

$6,277-56.3%

$10,007-72.6%

$5,404-49.3%

RILEY SAFER HOLMES & CANCILA ASSOCIATE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RILEY SAFER HOLMES & CANCILA ASSOCIATE RETIREMENT 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