Retirement plan

MANNING, LEAVER, BRUDER & BERBERICH 401(K) PROFIT SHARING PLAN

Name: MANNING, LEAVER, BRUDER & BERBERICH LLP - MANNING, LEAVER, BRUDER & BERBERICH 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: MANNING, LEAVER, BRUDER & BERBERICH LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANNING, LEAVER, BRUDER & BERBERICH 401(K) PROFIT SHARING PLAN, MANNING, LEAVER, BRUDER & BERBERICH LLP

MANNING, LEAVER, BRUDER & BERBERICH LLPEIN 95-2129184Plan #001PY 2023

801 S. FIGUEROA STREET, SUITE 1150 - LOS ANGELES, CA 90017323-937-4730manningleaver.comLinkedIn11-50 employeeslaw practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.2M

-20.5% from 2022

Total participants

-17.4% from 2022

Average account balance

$119,875

-2.8% from 2022

Annual return

11.86%

+25.43 pp from 2022

Benchmarks

See 139,766 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,766 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.14M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

153.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$222K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+15.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4628

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 codes2E2F2G2J3B3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$88268 / participant

Other / not subdivided$1M100.0%

% of EOY assets

49.089%

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

$119,875

$148,623-19.3%

$135,974-11.8%

$139,466-14.0%

Participation rate

91.7%

83.9%+7.8pp

81.9%+9.7pp

80.3%+11.3pp

Annual return

11.86%

79.30%-67.4pp

68.30%-56.4pp

373.66%-361.8pp

Employer contribution / active EE

$1,098

$5,246-79.1%

$4,859-77.4%

$4,754-76.9%

Participant deferral / active EE

$12,035

$8,103+48.5%

$7,760+55.1%

$6,712+79.3%

Admin fee / account holder

$58,845

$12,406+374.3%

$10,767+446.6%

$11,409+415.8%

MANNING, LEAVER, BRUDER & BERBERICH 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANNING, LEAVER, BRUDER & BERBERICH 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