Retirement plan

WILLIAMS PARKER EMPLOYEE SAVINGS PLAN

Name: WILLIAMS, PARKER, HARRISON, DIETZ & GETZEN, PROFES - WILLIAMS PARKER EMPLOYEE SAVINGS PLAN (2017) Form 5500
Creator: WILLIAMS, PARKER, HARRISON, DIETZ & GETZEN, PROFES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAMS PARKER EMPLOYEE SAVINGS PLAN, WILLIAMS, PARKER, HARRISON, DIETZ & GETZEN, PROFES

WILLIAMS, PARKER, HARRISON, DIETZ & GETZEN, PROFESEIN 20-2953387Plan #001PY 2017

200 SOUTH ORANGE AVENUE - SARASOTA, FL 34236941-366-4800

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$47.9M

+12.6% from 2016

Total participants

136

+2.3% from 2016

Average account balance

$359,875

+11.7% from 2016

Annual return

14.64%

+11.32 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$58.22M

Not enough data

1 years with asset history on file

Average account balance

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

$402K

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.

145

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$687

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDUCIARY PARTNERS RETIREMENT GROUP2+ years Filed as: FIDUCIARY PARTNERS RETIREMENT GROU Service code 16 · EIN 51-0595589	Consulting	$30,000
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$28,161
CS&L CPAS1 year Service code 10 · EIN 59-2142260	Accounting	$12,690

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

5 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$76K

$723 / participant

Investment mgmt$2K2.7%
Other / not subdivided$74K97.3%

% of EOY assets

0.159%

all-in expense ratio

Categories reported

1 / 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: CHRISTOPHER,SMITH & LEONARD,ETAL PA
Auditor EIN: 592142260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$359,875

$80,753+345.6%

$136,298+164.0%

$62,293+477.7%

Participation rate

97.1%

73.5%+23.6pp

81.9%+15.2pp

69.5%+27.6pp

Annual return

14.64%

35.83%-21.2pp

5156.27%-5141.6pp

28.90%-14.3pp

Employer contribution / active EE

$9,103

$2,884+215.7%

$4,696+93.9%

$2,042+345.7%

Participant deferral / active EE

$6,491

$5,164+25.7%

$6,247+3.9%

$3,169+104.8%

Admin fee / account holder

$571

$525+8.6%

$9,244-93.8%

$479+19.0%

Provider

Service type

Compensation

FIDUCIARY PARTNERS RETIREMENT GROUP2+ years

Filed as: FIDUCIARY PARTNERS RETIREMENT GROU

Service code 16 · EIN 51-0595589

Consulting

$30,000

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$28,161

CS&L CPAS1 year

Service code 10 · EIN 59-2142260

Accounting

$12,690

WILLIAMS PARKER EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAMS PARKER EMPLOYEE SAVINGS 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