Retirement plan

SHUMAKER, LOOP AND KENDRICK RETIREMENT PLAN

Name: SHUMAKER, LOOP AND KENDRICK, LLP - SHUMAKER, LOOP AND KENDRICK RETIREMENT PLAN (2019) Form 5500
Creator: SHUMAKER, LOOP AND KENDRICK, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHUMAKER, LOOP AND KENDRICK RETIREMENT PLAN, SHUMAKER, LOOP AND KENDRICK, LLP

SHUMAKER, LOOP AND KENDRICK, LLPEIN 34-4439491Plan #001PY 2019

1000 JACKSON STREET - TOLEDO, OH 43604419-241-9000shumaker.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$1.5M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$222.5M

-8.5% from 2016

Total participants

589

-11.5% from 2016

Average account balance

$423,891

-3.5% from 2016

Annual return

21.45%

-7.95 pp from 2016

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$286.98M

Not enough data

1 years with asset history on file

Average account balance

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

$491K

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.

584

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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
FIFTH THIRD BANK RETIREMENT SERVICE5+ years Service code 21 · EIN 31-1051736	Bank Trustee	$144,722
FLAHARTY ASSET MANAGEMENT2 years Service code 71 · EIN 46-3118454 311 PARK PLACE BOULEVARD, SUITE 150 · CLEARWATER, FL 33759	Brokerage Fees	$29,585
TFO-TDC, LLC2 years Filed as: TFO-TDC LLC Service code 71 · EIN 20-1017513 1440 ARROWHEAD DIVE · MAUMEE, OH 43537	Brokerage Fees	$15,748
TD AMERITRADE, INC.5+ years Filed as: TD AMERITRADE INC. Service code 33 · EIN 06-0988655 200 S. 108TH AVENUE · OMAHA, NE 68154	Sub-transfer agency fees; Securities ...	$3,787
TFO PHOENIX INC1 year Service code 26 · EIN 45-3635408 5060 N. 40TH STREET SUITE 200 · PHOENIX, AZ 85018	Advisory (Participants)	$2,462

Plan features & details

Pension benefit codes2E2F2G2J2K2R

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.

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

$196K

$419 / participant

Investment mgmt$48K24.3%
Other / not subdivided$149K75.7%

% of EOY assets

0.088%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$423,891

$88,122+381.0%

$141,200+200.2%

$67,584+527.2%

Participation rate

86.4%

76.5%+9.9pp

82.5%+3.9pp

71.3%+15.1pp

Annual return

21.45%

75.40%-53.9pp

71.41%-50.0pp

378.59%-357.1pp

Employer contribution / active EE

$11,598

$3,224+259.7%

$4,736+144.9%

$2,148+440.0%

Participant deferral / active EE

$6,946

$5,958+16.6%

$6,710+3.5%

$3,540+96.2%

Admin fee / account holder

$374

$131+185.7%

$10,265-96.4%

$142+162.8%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE5+ years

Service code 21 · EIN 31-1051736

Bank Trustee

$144,722

FLAHARTY ASSET MANAGEMENT2 years

Service code 71 · EIN 46-3118454

311 PARK PLACE BOULEVARD, SUITE 150 · CLEARWATER, FL 33759

Brokerage Fees

$29,585

TFO-TDC, LLC2 years

Filed as: TFO-TDC LLC

Service code 71 · EIN 20-1017513

1440 ARROWHEAD DIVE · MAUMEE, OH 43537

Brokerage Fees

$15,748

TD AMERITRADE, INC.5+ years

Filed as: TD AMERITRADE INC.

Service code 33 · EIN 06-0988655

200 S. 108TH AVENUE · OMAHA, NE 68154

Sub-transfer agency fees; Securities ...

$3,787

TFO PHOENIX INC1 year

Service code 26 · EIN 45-3635408

5060 N. 40TH STREET SUITE 200 · PHOENIX, AZ 85018

Advisory (Participants)

$2,462

SHUMAKER, LOOP AND KENDRICK RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHUMAKER, LOOP AND KENDRICK RETIREMENT 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