Retirement plan

THE DINSMORE & SHOHL, LLP SAVINGS AND INVESTMENT PLAN

Name: DINSMORE & SHOHL LLP - THE DINSMORE & SHOHL, LLP SAVINGS AND INVESTMENT PLAN (2023) Form 5500
Creator: DINSMORE & SHOHL LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE DINSMORE & SHOHL, LLP SAVINGS AND INVESTMENT PLAN, DINSMORE & SHOHL LLP

DINSMORE & SHOHL LLPEIN 31-0263070Plan #003PY 2023

255 E. FIFTH STREET, SUITE 1900 - CINCINNATI, OH 45202513-977-8200dinsmore.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$19.8M assets

Prospect flagsHigh feesFailed to provide benefit

How to read this page

Total assets (EOY)

$427.3M

-10.0% from 2016

Total participants

2,234

-5.4% from 2016

Average account balance

$195,574

-4.0% from 2016

Annual return

22.94%

-2.42 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$472.16M

Not enough data

1 years with asset history on file

Average account balance

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

$209K

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.

2,261

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+15.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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 5 by compensation

Provider	Service type	Compensation
MARINER LLC6 years Filed as: MARINER WEALTH ADVISORS Service code 16 · EIN 20-4553256	Consulting	$50,499
STRATEGIC ADVISORS, INC.6 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$46,853
BAHL & GAYNOR9+ years Filed as: BAHL AND GAYNOR Service code 16 · EIN 31-1297139	Consulting	$27,571
HORAN SECURITIES INC9+ years Filed as: HORAN SECURITIES Service code 16 · EIN 31-1448612	Consulting	$26,000
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$181,585

Plan features & details

Pension benefit codes2E2F2G2J2R2T

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.
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.)
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$697K

$493 / participant

Investment mgmt$316K45.4%
Other / not subdivided$381K54.6%

% of EOY assets

0.163%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK, SCHAEFER & HACKETT & CO
Auditor EIN: 310800053
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,574

$107,415+82.1%

$135,998+43.8%

$80,187+143.9%

Participation rate

96.5%

78.0%+18.5pp

81.9%+14.6pp

72.9%+23.6pp

Annual return

22.94%

91.99%-69.1pp

68.37%-45.4pp

40.40%-17.5pp

Employer contribution / active EE

$9,613

$3,878+147.9%

$4,860+97.8%

$2,980+222.6%

Participant deferral / active EE

$9,527

$8,189+16.3%

$7,761+22.8%

$5,016+89.9%

Admin fee / account holder

$319

$127+151.2%

$10,769-97.0%

$145+120.1%

Provider

Service type

Compensation

MARINER LLC6 years

Filed as: MARINER WEALTH ADVISORS

Service code 16 · EIN 20-4553256

Consulting

$50,499

STRATEGIC ADVISORS, INC.6 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$46,853

BAHL & GAYNOR9+ years

Filed as: BAHL AND GAYNOR

Service code 16 · EIN 31-1297139

Consulting

$27,571

HORAN SECURITIES INC9+ years

Filed as: HORAN SECURITIES

Service code 16 · EIN 31-1448612

Consulting

$26,000

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$181,585

THE DINSMORE & SHOHL, LLP SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE DINSMORE & SHOHL, LLP SAVINGS AND INVESTMENT 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