Retirement plan

HOWARD & HOWARD ATTORNEYS PLLC 401(K) PLAN

Name: HOWARD & HOWARD ATTORNEYS PLLC - HOWARD & HOWARD ATTORNEYS PLLC 401(K) PLAN (2018) Form 5500
Creator: HOWARD & HOWARD ATTORNEYS PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOWARD & HOWARD ATTORNEYS PLLC 401(K) PLAN, HOWARD & HOWARD ATTORNEYS PLLC

HOWARD & HOWARD ATTORNEYS PLLCEIN 26-3880752Plan #002PY 2018

450 WEST FOURTH STREET - ROYAL OAK, MI 48067248-645-1483howardandhoward.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$56M

-2.1% from 2017

Total participants

345

+2.7% from 2017

Average account balance

$162,270

-4.7% from 2017

Annual return

-5.30%

-23.58 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$114.00M

Not enough data

1 years with asset history on file

Average account balance

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

$326K

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.

350

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE4+ years Service code 64 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Recordkeeping Fees	$105,929
GEORGE JOHNSON & COMPANY1 year Service code 10 1200 BUHL BLDG · DETROIT, MI 48226	Accounting	$15,488
DAVID ROMANO1 year Filed as: DAVID VAUGHAN INVESTMENTS, LLC Service code 71 · EIN 37-1272863	Brokerage Fees	$5,033
TD AMERITRADE, INC.4+ years Service code 33 · EIN 82-0543156 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$680

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$127K

$493 / participant

Contract admin$121K95.5%
Other / not subdivided$6K4.5%

% of EOY assets

0.227%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GEORGE JOHNSON & COMPANY
Auditor EIN: 382029668
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,270

$75,388+115.2%

$123,544+31.3%

$55,725+191.2%

Participation rate

100.0%

75.7%+24.3pp

82.3%+17.7pp

70.9%+29.1pp

Annual return

-5.30%

4.48%-9.8pp

119.20%-124.5pp

244.93%-250.2pp

Employer contribution / active EE

$9,681

$3,063+216.0%

$4,628+109.2%

$2,078+365.8%

Participant deferral / active EE

$11,590

$5,651+105.1%

$6,426+80.4%

$3,356+245.4%

Admin fee / account holder

$368

$120+207.7%

$9,284-96.0%

$115+219.9%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE4+ years

Service code 64

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Recordkeeping Fees

$105,929

GEORGE JOHNSON & COMPANY1 year

Service code 10

1200 BUHL BLDG · DETROIT, MI 48226

Accounting

$15,488

DAVID ROMANO1 year

Filed as: DAVID VAUGHAN INVESTMENTS, LLC

Service code 71 · EIN 37-1272863

Brokerage Fees

$5,033

TD AMERITRADE, INC.4+ years

Service code 33 · EIN 82-0543156

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$680

HOWARD & HOWARD ATTORNEYS PLLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOWARD & HOWARD ATTORNEYS PLLC 401(K) 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