Retirement plan

HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS PROFIT SHARING PLAN

Name: HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS - HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS PROFIT SHARING PLAN (2024) Form 5500
Creator: HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS PROFIT SHARING PLAN, HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS

HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTSEIN 95-4841807Plan #001PY 2024

8447 WILSHIRE BLVD., SUITE 202 - BEVERLY HILLS, CA 902113207310-854-7773

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$6.9M

+24.3% from 2023

Total participants

+7.7% from 2023

Average account balance

$489,845

+15.4% from 2023

Annual return

21.66%

-15.37 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.86M

Not enough data

1 years with asset history on file

Average account balance

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

$490K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$205K

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

+21.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4288

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 codes2E2G2J3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$60K

$5003 / participant

Other / not subdivided$60K100.0%

% of EOY assets

0.875%

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

$489,845

$160,040+206.1%

$147,096+233.0%

$145,877+235.8%

Participation rate

100.0%

84.0%+16.0pp

82.2%+17.8pp

80.3%+19.7pp

Annual return

21.66%

98.49%-76.8pp

419.75%-398.1pp

551.28%-529.6pp

Employer contribution / active EE

$2,997

$5,289-43.3%

$4,936-39.3%

$4,663-35.7%

Participant deferral / active EE

$14,113

$8,429+67.4%

$8,071+74.9%

$6,691+110.9%

Admin fee / account holder

$4,288

$15,050-71.5%

$13,005-67.0%

$13,402-68.0%

HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERMAN & CHAMOW, CERTIFIED PUBLIC ACCOUNTANTS 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