Bernstein, Shur, Sawyer & Nelson, P.A.
Form 5500 DataOverview
Plan Description
Bernstein, Shur, Sawyer & Nelson, P.A. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 87. This plan is in the top 15% of plans for Account Balances, Company Generosity, and Salary Deferral. Bernstein, Shur, Sawyer & Nelson, P.A. 401k Plan currently has over 200 active participants and over $96.9M in plan assets.
Did you know?
For the average 401k participant, the 4 point difference between this plan's BrightScope Rating (87) and the top rated plan (91) could equate to:
4
Additional years of work
73,594
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 100 Middle Street P.o. Box 9729
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 100 Middle Street P.o. Box 9729
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LocationPortland , ME04104-5029
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IndustryOffices of Lawyers
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AdministratorAngie Pham White
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Net Plan Assets$96,900,000
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Total Participants290
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Avg Account Balance$350,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Low Fees
Company Generosity:
Great
Performance
Participation Rate:
Above Average
Salary Deferrals:
Great
Account Balance:
Great
Design
Total Plan Cost:
Low Fees
Company Generosity:
Great
Performance
Participation Rate:
Average
Salary Deferrals:
Great
Account Balance:
Great
Peer Group Plans
Company | Rating |
---|---|
Winthrop & Weinstine, P.A. | 86.8 |
McCormick, Barstow, Sheppard, Wayte & Carruth, LLP | 85.7 |
Brown Rudnick LLP | 85.7 |
Sherman & Howard, LLC | 85.7 |
DeWitt Ross & Stevens S.C. | 85.0 |
Choate, Hall & Stewart LLP | 82.9 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
exclusives
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
February 19, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Data & Research
Many Near-Retirees Don't Understand Social Security Benefits
More than one-third failed a basic Social Security quiz administered by MassMutual.
April 7, 2021
exclusives
Once They Catch On, PEPs Could Grow Exponentially
The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at the prospect of expanding retirement coverage, sources say.
April 16, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
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T. Rowe Price Retirement | 36% |
1%
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Vanguard 500 Index | 11% |
13%
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T. Rowe Price Growth Stock | 8% |
22%
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100%
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|
|
100%
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|
|
100%
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|
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100%
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View all funds in this plan
Providers
Articles and Questions

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