Retirement plan

JEFFER MANGELS BUTLER & MITCHELL LLP PROFIT SHARING AND 401(K) PLAN

Name: JEFFER MANGELS BUTLER & MITCHELL LLP - JEFFER MANGELS BUTLER & MITCHELL LLP PROFIT SHARING AND 401(K) PLAN (2024) Form 5500
Creator: JEFFER MANGELS BUTLER & MITCHELL LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEFFER MANGELS BUTLER & MITCHELL LLP PROFIT SHARING AND 401(K) PLAN, JEFFER MANGELS BUTLER & MITCHELL LLP

JEFFER MANGELS BUTLER & MITCHELL LLPEIN 95-3669194Plan #003PY 2024

1900 AVENUE OF THE STARS, 7TH FLOOR - LOS ANGELES, CA 900674308310-203-8080jmbm.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#009Retirement-$17.2M assets #008Retirement-$6.0M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$150.6M

+11.6% from 2023

Total participants

261

+7.9% from 2023

Average account balance

$663,531

-10.5% from 2023

Annual return

14.50%

-0.17 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$169.62M

Not enough data

1 years with asset history on file

Average account balance

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

$710K

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.

239

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.

87.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+20.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$602

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

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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY9+ years Filed as: GRAYSTONE CONSULTING Service code 16 · EIN 36-3145972	Consulting	$81,055
LINCOLN NATIONAL CORPORATION7 years Service code 13 · EIN 35-1140070	Contract Administrator	$54,189
TWIN PEAKS WEALTH ADVISORS LLC1 year Service code 26 · EIN 81-1580168	Advisory (Participants)	$6,078
FERGUSON WELLMAN CAPITAL MANAGEMENT1 year Service code 26 · EIN 93-0646988	Advisory (Participants)	$513
CHARLES SCHWAB & CO., INC.10+ years Service code 22 · EIN 94-1737782	Insurance Broker	$161

Plan features & details

Pension benefit codes2E2F2G2J2T3H2R3B3D3F2A

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$135K

$751 / participant

Investment mgmt$81K59.9%
Contract admin$54K40.1%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGHT LLP
Auditor EIN: 954345529
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$663,531

$101,317+554.9%

$146,958+351.5%

$74,495+790.7%

Participation rate

81.1%

75.5%+5.6pp

82.2%-1.0pp

67.2%+13.9pp

Annual return

14.50%

8730.91%-8716.4pp

418.34%-403.8pp

1364.94%-1350.4pp

Employer contribution / active EE

$15,975

$3,810+319.3%

$4,933+223.9%

$2,623+509.0%

Participant deferral / active EE

$12,453

$7,303+70.5%

$8,070+54.3%

$4,346+186.6%

Admin fee / account holder

$596

$1,739-65.7%

$12,998-95.4%

$1,942-69.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: GRAYSTONE CONSULTING

Service code 16 · EIN 36-3145972

Consulting

$81,055

LINCOLN NATIONAL CORPORATION7 years

Service code 13 · EIN 35-1140070

Contract Administrator

$54,189

TWIN PEAKS WEALTH ADVISORS LLC1 year

Service code 26 · EIN 81-1580168

Advisory (Participants)

$6,078

FERGUSON WELLMAN CAPITAL MANAGEMENT1 year

Service code 26 · EIN 93-0646988

Advisory (Participants)

$513

CHARLES SCHWAB & CO., INC.10+ years

Service code 22 · EIN 94-1737782

Insurance Broker

$161

JEFFER MANGELS BUTLER & MITCHELL LLP PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEFFER MANGELS BUTLER & MITCHELL 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