Retirement plan

SHUFFIELDLOWMAN 401(K) PROFIT SHARING PLAN AND TRUST

Name: SHUFFIELD LOWMAN - SHUFFIELDLOWMAN 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: SHUFFIELD LOWMAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHUFFIELDLOWMAN 401(K) PROFIT SHARING PLAN AND TRUST, SHUFFIELD LOWMAN

SHUFFIELD LOWMANEIN 20-0257515Plan #001PY 2020

1000 LEGION PLACE, SUITE 1700 - ORLANDO, FL 32801407-581-9800

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$8.1M

+34.7% from 2019

Total participants

105

-7.1% from 2019

Average account balance

$80,589

+46.8% from 2019

Annual return

24.13%

-0.32 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.94M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

106

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.

117.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

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

+11.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10837

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

Top 2 by compensation

Provider	Service type	Compensation
RWM ASSET MANAGEMENT, LLC1 year Service code 27 2100 LAKE EUSTIS DR · TAVARES, FL 327782064	Advisory (Plan)	$33,228
CPI QUALIFIED PLAN CONSULTANTS, INC1 year Service code 15 · EIN 48-1205033	Recordkeeping	$6,338

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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).

Expense breakdown

Schedule H Part II

Admin total

$40K

$488 / participant

Investment mgmt$33K84.0%
Contract admin$6K16.0%

% of EOY assets

0.491%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: VESTAL & WILER, CPAS
Auditor EIN: 593198021
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,589

$98,776-18.4%

$149,745-46.2%

$79,856+0.9%

Participation rate

93.8%

75.8%+18.0pp

82.5%+11.3pp

69.6%+24.2pp

Annual return

24.13%

27.38%-3.2pp

276.72%-252.6pp

31.71%-7.6pp

Employer contribution / active EE

$1,607

$3,217-50.1%

$4,646-65.4%

$2,471-35.0%

Participant deferral / active EE

$7,767

$5,681+36.7%

$6,843+13.5%

$3,741+107.6%

Admin fee / account holder

$396

$6,053-93.5%

$9,312-95.8%

$5,306-92.5%

Provider

Service type

Compensation

RWM ASSET MANAGEMENT, LLC1 year

Service code 27

2100 LAKE EUSTIS DR · TAVARES, FL 327782064

Advisory (Plan)

$33,228

CPI QUALIFIED PLAN CONSULTANTS, INC1 year

Service code 15 · EIN 48-1205033

Recordkeeping

$6,338

SHUFFIELDLOWMAN 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHUFFIELDLOWMAN 401(K) PROFIT SHARING PLAN AND TRUST

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