Retirement plan

DILWORTH PAXSON LLP 401K SAVINGS PLAN

Name: DILWORTH PAXSON LLP - DILWORTH PAXSON LLP 401K SAVINGS PLAN (2020) Form 5500
Creator: DILWORTH PAXSON LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DILWORTH PAXSON LLP 401K SAVINGS PLAN, DILWORTH PAXSON LLP

DILWORTH PAXSON LLPEIN 23-1398811Plan #003PY 2020

1500 MARKET STREET, SUITE 3500E - PHILADELPHIA, PA 19102215-575-7000dilworthlaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$23.1M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$59M

+11.2% from 2019

Total participants

140

-4.8% from 2019

Average account balance

$427,885

+16.0% from 2019

Annual return

15.78%

-1.10 pp from 2019

Benchmarks

See 26,422 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,422 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$79.39M

Not enough data

1 years with asset history on file

Average account balance

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

$522K

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.

152

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

$2.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$411

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 4 by compensation

Provider	Service type	Compensation
FIDUCIARY INVESTMENT ADVISORS1 year Filed as: FIDUCIARY SERVICES GROUP LLC Service code 13 · EIN 82-2384824 1801 MARKET STREET, SUITE 1000 · PHILADELPHIA, PA 19103	Contract Administrator	$35,387
MID ATLANTIC CAPITAL CORPORATION1 year Filed as: MID ATLANTIC FINANCIAL MANAGEMENT, Service code 27 · EIN 25-1443041 1251 WATERFRONT PLACE, SUITE 510 · PITTSBURGH, PA 15222	Advisory (Plan)	$33,189
TOWER BRIDGE ADVISORS4 years Filed as: TOWER BRIDGE ADVISORS, INC Service code 27 · EIN 23-3096014 101 W ELM STREET, SUITE 355 · CONSHOHOCKEN, PA 19428	Advisory (Plan)	$12,621
JFS WEALTH ADVISORS4 years Filed as: JFS WEALTH ADVISORS, LLC Service code 27 · EIN 20-8161914 1479 N. HERMITAGE ROAD · HERMITAGE, PA 19148	Advisory (Plan)	$10,439

Plan features & details

Pension benefit codes2E2G2J2F2K2R2T

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

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

$92K

$1155 / participant

Investment mgmt$56K60.9%
Contract admin$35K38.3%
Other / not subdivided$7860.9%

% of EOY assets

0.157%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$427,885

$98,766+333.2%

$149,730+185.8%

$79,852+435.9%

Participation rate

97.5%

75.8%+21.7pp

82.5%+15.0pp

69.6%+27.9pp

Annual return

15.78%

27.43%-11.7pp

276.70%-260.9pp

31.72%-15.9pp

Employer contribution / active EE

$10,803

$3,217+235.8%

$4,645+132.6%

$2,471+337.2%

Participant deferral / active EE

$10,099

$5,681+77.8%

$6,843+47.6%

$3,740+170.0%

Admin fee / account holder

$670

$6,052-88.9%

$9,310-92.8%

$5,306-87.4%

Provider

Service type

Compensation

FIDUCIARY INVESTMENT ADVISORS1 year

Filed as: FIDUCIARY SERVICES GROUP LLC

Service code 13 · EIN 82-2384824

1801 MARKET STREET, SUITE 1000 · PHILADELPHIA, PA 19103

Contract Administrator

$35,387

MID ATLANTIC CAPITAL CORPORATION1 year

Filed as: MID ATLANTIC FINANCIAL MANAGEMENT,

Service code 27 · EIN 25-1443041

1251 WATERFRONT PLACE, SUITE 510 · PITTSBURGH, PA 15222

Advisory (Plan)

$33,189

TOWER BRIDGE ADVISORS4 years

Filed as: TOWER BRIDGE ADVISORS, INC

Service code 27 · EIN 23-3096014

101 W ELM STREET, SUITE 355 · CONSHOHOCKEN, PA 19428

Advisory (Plan)

$12,621

JFS WEALTH ADVISORS4 years

Filed as: JFS WEALTH ADVISORS, LLC

Service code 27 · EIN 20-8161914

1479 N. HERMITAGE ROAD · HERMITAGE, PA 19148

Advisory (Plan)

$10,439

DILWORTH PAXSON LLP 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DILWORTH PAXSON LLP 401K 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