Retirement plan

NOSSAMAN LLP PROFIT SHARING & RETIREMENT SAVINGS PLAN II

Name: NOSSAMAN LLP - NOSSAMAN LLP PROFIT SHARING & RETIREMENT SAVINGS PLAN II (2024) Form 5500
Creator: NOSSAMAN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NOSSAMAN LLP PROFIT SHARING & RETIREMENT SAVINGS PLAN II, NOSSAMAN LLP

NOSSAMAN LLPEIN 95-2219542Plan #002PY 2024

777 SOUTH FIGUEROA STREET, 34TH FLOOR - LOS ANGELES, CA 90017213-612-7800nossaman.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$120.0M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$66.7M

+19.6% from 2023

Total participants

165

-1.8% from 2023

Average account balance

$411,520

+20.3% from 2023

Annual return

30.16%

+2.01 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.67M

Not enough data

1 years with asset history on file

Average account balance

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

$412K

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.

162

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

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

+30.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$734

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 7 by compensation

Provider	Service type	Compensation
FISHER INVESTMENTS2 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$77,616
ARMANINO LLP2 years Service code 10 · EIN 94-6214841	Accounting	$17,640
MAIN STREET RESEARCH LLC3 years Service code 26 · EIN 32-0784023	Advisory (Participants)	$12,506
BFSG LLC1 year Service code 28 · EIN 20-8532658	Investment Management	$5,500
CHARLES SCHWAB & CO., INC.2 years Service code 33 · EIN 94-1737782	Float revenue; Direct payment from th...	$935
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$0

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$119K

$1467 / participant

Recordkeeping$2K1.6%
Investment mgmt$99K83.5%
Other / not subdivided$18K14.8%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: $17,640
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$411,520

$102,385+301.9%

$147,080+179.8%

$80,935+408.5%

Participation rate

96.3%

75.9%+20.4pp

82.2%+14.1pp

67.7%+28.6pp

Annual return

30.16%

135.09%-104.9pp

420.17%-390.0pp

35.66%-5.5pp

Employer contribution / active EE

$1,285

$3,717-65.4%

$4,933-74.0%

$2,757-53.4%

Participant deferral / active EE

$18,305

$6,651+175.2%

$8,066+126.9%

$4,299+325.7%

Admin fee / account holder

$734

$7,951-90.8%

$12,989-94.4%

$6,924-89.4%

Provider

Service type

Compensation

FISHER INVESTMENTS2 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$77,616

ARMANINO LLP2 years

Service code 10 · EIN 94-6214841

Accounting

$17,640

MAIN STREET RESEARCH LLC3 years

Service code 26 · EIN 32-0784023

Advisory (Participants)

$12,506

BFSG LLC1 year

Service code 28 · EIN 20-8532658

Investment Management

$5,500

CHARLES SCHWAB & CO., INC.2 years

Service code 33 · EIN 94-1737782

Float revenue; Direct payment from th...

$935

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

NOSSAMAN LLP PROFIT SHARING & RETIREMENT SAVINGS PLAN II

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NOSSAMAN LLP PROFIT SHARING & RETIREMENT SAVINGS PLAN II

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