Retirement plan

LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC 401(K) PLAN

Name: LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC - LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC 401(K) PLAN (2023) Form 5500
Creator: LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC 401(K) PLAN, LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC

LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLCEIN 81-3739986Plan #001PY 2023

925 LUNA CIRCLE NW - ALBUQUERQUE, NM 87102505-200-2331

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$467K

+109.7% from 2022

Total participants

+25.0% from 2022

Average account balance

$93,347

+67.8% from 2022

Annual return

82.49%

+99.88 pp from 2022

Benchmarks

See 139,707 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,707 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$595K

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$78K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1233

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 codes2E2G2J2R3D

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.
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

$3K

$866 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.742%

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

$93,347

$148,629-37.2%

$135,982-31.4%

$139,487-33.1%

Participation rate

100.0%

83.9%+16.1pp

81.9%+18.1pp

80.3%+19.7pp

Annual return

82.49%

79.33%+3.2pp

68.32%+14.2pp

373.84%-291.4pp

Employer contribution / active EE

$2,416

$5,247-54.0%

$4,859-50.3%

$4,755-49.2%

Participant deferral / active EE

$12,741

$8,102+57.2%

$7,760+64.2%

$6,713+89.8%

Admin fee / account holder

$693

$12,406-94.4%

$10,767-93.6%

$11,407-93.9%

LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAW OFFICE OF ALEXANDRA FREEDMAN SMITH, LLC 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