Retirement plan

FARELLA BRAUN AND MARTEL LLP PROFIT SHARING AND 401(K) PLAN

Name: FARELLA BRAUN AND MARTEL LLP - FARELLA BRAUN AND MARTEL LLP PROFIT SHARING AND 401(K) PLAN (2024) Form 5500
Creator: FARELLA BRAUN AND MARTEL LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARELLA BRAUN AND MARTEL LLP PROFIT SHARING AND 401(K) PLAN, FARELLA BRAUN AND MARTEL LLP

FARELLA BRAUN AND MARTEL LLPEIN 94-1527242Plan #001PY 2024

ONE BUSH STREET, SUITE 900 - SAN FRANCISCO, CA 94104415-954-4400fbm.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#004Retirement-$17.4M assets #002Retirement-$10.3M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$237.3M

-9.5% from 2016

Total participants

214

+0.8% from 2016

Average account balance

$1,109,062

-9.5% from 2016

Annual return

13.20%

-10.30 pp from 2016

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$237.34M

Not enough data

1 years with asset history on file

Average account balance

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

$1.1M

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.

214

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$44K

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$423

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 6 by compensation

Provider	Service type	Compensation
HIGHTOWER ADVISORS LLC1 year Service code 99 · EIN 36-4500709	Other Fees	$39,638
UBS FINANCIAL SERVICES INC1 year Filed as: USB FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$35,793
THE VANGUARD GROUP, INC.10+ years Service code 15 · EIN 23-1945930	Recordkeeping	$28,442
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$26,354
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: TORTOISE INVESTMENT MANAGEMENT Service code 99 · EIN 20-1723529	Other Fees	$8,858
CHARLES SCHWAB & CO., INC.1 year Service code 99	Other Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3F

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$90K

$552 / participant

Other / not subdivided$90K100.0%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,109,062

$101,672+990.8%

$147,117+653.9%

$74,478+1389.1%

Participation rate

100.0%

75.5%+24.5pp

82.2%+17.8pp

67.2%+32.8pp

Annual return

13.20%

8757.83%-8744.6pp

420.54%-407.3pp

1370.56%-1357.4pp

Employer contribution / active EE

$23,726

$3,813+522.2%

$4,932+381.0%

$2,626+803.4%

Participant deferral / active EE

$20,640

$7,305+182.6%

$8,065+155.9%

$4,350+374.5%

Admin fee / account holder

$423

$1,753-75.9%

$12,993-96.7%

$1,946-78.3%

Provider

Service type

Compensation

HIGHTOWER ADVISORS LLC1 year

Service code 99 · EIN 36-4500709

Other Fees

$39,638

UBS FINANCIAL SERVICES INC1 year

Filed as: USB FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$35,793

THE VANGUARD GROUP, INC.10+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$28,442

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$26,354

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: TORTOISE INVESTMENT MANAGEMENT

Service code 99 · EIN 20-1723529

Other Fees

$8,858

CHARLES SCHWAB & CO., INC.1 year

Service code 99

Other Fees

FARELLA BRAUN AND MARTEL LLP PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARELLA BRAUN AND MARTEL LLP PROFIT SHARING AND 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