Retirement plan

KIRTLAND & PACKARD EMPLOYEE SAVINGS PLAN FOR ASSOCIATE ATTORNEYS

Name: KIRTLAND & PACKARD, LLP - KIRTLAND & PACKARD EMPLOYEE SAVINGS PLAN FOR ASSOCIATE ATTORNEYS (2019) Form 5500
Creator: KIRTLAND & PACKARD, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIRTLAND & PACKARD EMPLOYEE SAVINGS PLAN FOR ASSOCIATE ATTORNEYS, KIRTLAND & PACKARD, LLP

KIRTLAND & PACKARD, LLPEIN 95-2372416Plan #002PY 2019

1638 SOUTH PACIFIC COAST HIGHWAY - REDONDO BEACH, CA 90277310-536-1000courtroomwarrior.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$2.3M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$234K

+29.6% from 2018

Total participants

+25.0% from 2018

Average account balance

$78,130

+29.6% from 2018

Annual return

23.24%

+30.78 pp from 2018

Benchmarks

See 119,329 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,329 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$182K

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110869

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 codes2F2G2J2T3D2E

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$113

$38 / participant

Other / not subdivided$113100.0%

% of EOY assets

0.048%

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

$78,130

$157,304-50.3%

$141,197-44.7%

$152,909-48.9%

Participation rate

33.3%

84.8%-51.5pp

82.5%-49.1pp

Annual return

23.24%

64.34%-41.1pp

71.41%-48.2pp

345.46%-322.2pp

Employer contribution / active EE

$5,263-100.0%

$4,736-100.0%

$4,764-100.0%

Participant deferral / active EE

$3,819

$7,111-46.3%

$6,710-43.1%

$5,851-34.7%

Admin fee / account holder

$38

$12,126-99.7%

$10,265-99.6%

$11,601-99.7%

KIRTLAND & PACKARD EMPLOYEE SAVINGS PLAN FOR ASSOCIATE ATTORNEYS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIRTLAND & PACKARD EMPLOYEE SAVINGS PLAN FOR ASSOCIATE ATTORNEYS

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