Retirement plan

BATESCAREY LLP PROFIT SHARING PLAN AND TRUST WITH CASH OR DEFERRED 401 (K) FEATURES

Name: BATESCAREY LLP - BATESCAREY LLP PROFIT SHARING PLAN AND TRUST WITH CASH OR DEFERRED 401 (K) FEATURES (2020) Form 5500
Creator: BATESCAREY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BATESCAREY LLP PROFIT SHARING PLAN AND TRUST WITH CASH OR DEFERRED 401 (K) FEATURES, BATESCAREY LLP

BATESCAREY LLPEIN 36-4321906Plan #001PY 2020

191 N WACKER DR STE 2400 - CHICAGO, IL 606061615312-762-3100batescarey.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$43.9M

+20.6% from 2019

Total participants

127

+12.4% from 2019

Average account balance

$345,696

+7.3% from 2019

Annual return

18.27%

-3.09 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

$61.72M

Not enough data

1 years with asset history on file

Average account balance

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

$482K

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.

128

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

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+13.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1098

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 10 of 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$91,906
RESOURCES INVESTMENT ADVISORS LLC2 years Filed as: RESOURCES INVESTMENT ADVISORS, INC Service code 27 · EIN 43-1451524	Advisory (Plan)	$45,000
BENEFIT SERVICES GROUP, INC.2 years Filed as: BENEFIT SERVICES GROUP INC. Service code 13	Contract Administrator	$17,653
AMERICAN FUNDS4 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BENEFIT SERVICES GROUP, INC.6+ years Service code 13 · EIN 36-4430093	Contract Administrator	$0
COLUMBIA4 years Service code 52 · EIN 41-1458705	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS4 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FEDERATED3 years Service code 52 · EIN 25-1111467	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
INVESCO4 years Service code 52 · EIN 76-0343427	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3B

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

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

$137K

$1426 / participant

Other / not subdivided$137K100.0%

% of EOY assets

0.312%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$345,696

$98,766+250.0%

$149,730+130.9%

$79,852+332.9%

Participation rate

100.0%

75.8%+24.2pp

82.5%+17.5pp

69.6%+30.4pp

Annual return

18.27%

27.43%-9.2pp

276.70%-258.4pp

31.72%-13.4pp

Employer contribution / active EE

$11,205

$3,217+248.3%

$4,645+141.2%

$2,471+353.4%

Participant deferral / active EE

$9,933

$5,681+74.8%

$6,843+45.2%

$3,740+165.6%

Admin fee / account holder

$1,078

$6,052-82.2%

$9,310-88.4%

$5,306-79.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$91,906

RESOURCES INVESTMENT ADVISORS LLC2 years

Filed as: RESOURCES INVESTMENT ADVISORS, INC

Service code 27 · EIN 43-1451524

Advisory (Plan)

$45,000

BENEFIT SERVICES GROUP, INC.2 years

Filed as: BENEFIT SERVICES GROUP INC.

Service code 13

Contract Administrator

$17,653

AMERICAN FUNDS4 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BENEFIT SERVICES GROUP, INC.6+ years

Service code 13 · EIN 36-4430093

Contract Administrator

COLUMBIA4 years

Service code 52 · EIN 41-1458705

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS4 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FEDERATED3 years

Service code 52 · EIN 25-1111467

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

INVESCO4 years

Service code 52 · EIN 76-0343427

Indirect Investment Fees

BATESCAREY LLP PROFIT SHARING PLAN AND TRUST WITH CASH OR DEFERRED 401 (K) FEATURES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BATESCAREY LLP PROFIT SHARING PLAN AND TRUST WITH CASH OR DEFERRED 401 (K) FEATURES

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