Retirement plan

MARON & SANDLER 401(K) PROFIT SHARING PLAN

Name: MARON & SANDLER, PC - MARON & SANDLER 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: MARON & SANDLER, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARON & SANDLER 401(K) PROFIT SHARING PLAN, MARON & SANDLER, PC

MARON & SANDLER, PCEIN 95-4494544Plan #001PY 2021

1250 4TH ST. - SANTA MONICA, CA 90401310-570-4960LinkedIn51-200 employees

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$39.8M

+12.0% from 2020

Total participants

147

0.0% from 2020

Average account balance

$272,449

+12.0% from 2020

Annual return

15.80%

-1.48 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.75M

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

165

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.

70.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 52 · EIN 84-0467907	Indirect Investment Fees	$36,490
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSMUTUAL Service code 50 · EIN 04-1590850	Direct Payment	$15,592
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON INVESTMENT ADVISORS, Service code 27 · EIN 20-8874282	Advisory (Plan)	$12,500
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282	Advisory (Plan)	$6,250
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON INVESTMENT ADVISORS LLC Service code 27 · EIN 20-8874282	Advisory (Plan)	$6,250
AB FUNDS3 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DELAWARE INVESTMENTS3 years Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
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.
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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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

$77K

$632 / participant

Investment mgmt$40K52.4%
Contract admin$2K3.2%
Other / not subdivided$34K44.4%

% of EOY assets

0.194%

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: TURNER, WARREN, HWANG & CONRAD AC
Auditor EIN: 954083485
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$272,449

$104,479+160.8%

$159,474+70.8%

$79,391+243.2%

Participation rate

99.2%

76.6%+22.6pp

82.8%+16.4pp

70.7%+28.5pp

Annual return

15.80%

67.98%-52.2pp

263.68%-247.9pp

116.88%-101.1pp

Employer contribution / active EE

$3,462

$3,417+1.3%

$4,831-28.3%

$2,428+42.6%

Participant deferral / active EE

$10,949

$6,468+69.3%

$7,353+48.9%

$4,046+170.6%

Admin fee / account holder

$528

$711-25.7%

$10,802-95.1%

$627-15.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 52 · EIN 84-0467907

Indirect Investment Fees

$36,490

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSMUTUAL

Service code 50 · EIN 04-1590850

Direct Payment

$15,592

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON INVESTMENT ADVISORS,

Service code 27 · EIN 20-8874282

Advisory (Plan)

$12,500

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON INVESTMENT ADVISORS

Service code 27 · EIN 20-8874282

Advisory (Plan)

$6,250

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON INVESTMENT ADVISORS LLC

Service code 27 · EIN 20-8874282

Advisory (Plan)

$6,250

AB FUNDS3 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DELAWARE INVESTMENTS3 years

Service code 52 · EIN 23-2450217

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

HARRIS1 year

Service code 52 · EIN 52-2257782

Indirect Investment Fees

MARON & SANDLER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARON & SANDLER 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