Retirement plan

FARELLA BRAUN AND MARTEL LLP ASSOCIATES' 401(K) PLAN

Name: FARELLA BRAUN AND MARTEL LLP - FARELLA BRAUN AND MARTEL LLP ASSOCIATES' 401(K) PLAN (2023) 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 ASSOCIATES' 401(K) PLAN, FARELLA BRAUN AND MARTEL LLP

FARELLA BRAUN AND MARTEL LLPEIN 94-1527242Plan #002PY 2023

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

Other plans on this EIN

2 filings

#001Retirement-$222.5M assets #004Retirement-$16.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.3M

+20.1% from 2022

Total participants

-6.2% from 2022

Average account balance

$103,186

+28.2% from 2022

Annual return

17.19%

+37.77 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.32M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

209.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$868K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11803

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 codes2F2G2J2R2T3D3F2E

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$660K

$14674 / participant

Other / not subdivided$660K100.0%

% of EOY assets

7.111%

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

$103,186

$93,598+10.2%

$135,974-24.1%

$75,173+37.3%

Participation rate

97.8%

75.2%+22.6pp

81.9%+15.9pp

67.2%+30.6pp

Annual return

17.19%

30.89%-13.7pp

68.30%-51.1pp

160.72%-143.5pp

Employer contribution / active EE

$3,538-100.0%

$4,859-100.0%

$2,671-100.0%

Participant deferral / active EE

$19,443

$6,405+203.5%

$7,760+150.6%

$4,126+371.2%

Admin fee / account holder

$7,337

$6,978+5.1%

$10,767-31.9%

$5,651+29.8%

FARELLA BRAUN AND MARTEL LLP ASSOCIATES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARELLA BRAUN AND MARTEL LLP ASSOCIATES' 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