Retirement plan

NEXPOINT 401(K) PLAN

Name: NEXPOINT ADVISORS, LP - NEXPOINT 401(K) PLAN (2022) Form 5500
Creator: NEXPOINT ADVISORS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEXPOINT 401(K) PLAN, NEXPOINT ADVISORS, LP

NEXPOINT ADVISORS, LPEIN 36-4728498Plan #003PY 2022

100 CRESCENT COURT, SUITE 1850 - DALLAS, TX 75201972-628-4100LinkedIn11-50 employees

Prospect flagsHigh retiree %Low returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$66.5M

No prior year

Total participants

665

No prior year

Average account balance

$102,011

No prior year

Annual return

-23.38%

No prior year

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$88.11M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

622

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.

87.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+13.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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 3 by compensation

Provider	Service type	Compensation
BOKF, NA1+ years Filed as: BOK FINANCIAL ASSET MGMT, INC. Service code 15 · EIN 75-2009441	Recordkeeping	$193,043
CHARLES SCHWAB & CO., INC.1+ years Service code 25 · EIN 94-1737782	Directed Trustee	$30,238
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$653

Plan features & details

Pension benefit codes2E2F2G2J2K2T2A3D2R2U

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$223K

$792 / participant

Investment mgmt$159K71.4%
Contract admin$57K25.6%
Other / not subdivided$7K3.1%

% of EOY assets

0.336%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PAYNE & SMITH
Auditor EIN: 270316262
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,011

$86,897+17.4%

$151,639-32.7%

$64,819+57.4%

Participation rate

95.4%

87.3%+8.1pp

87.5%+7.9pp

71.5%+23.9pp

Annual return

-23.38%

-3.57%-19.8pp

3.34%-26.7pp

32.84%-56.2pp

Employer contribution / active EE

$15,580

$4,010+288.5%

$6,165+152.7%

$2,507+521.5%

Participant deferral / active EE

$11,154

$6,690+66.7%

$8,363+33.4%

$4,311+158.7%

Admin fee / account holder

$342

$153+123.8%

$11,613-97.1%

$188+82.3%

Provider

Service type

Compensation

BOKF, NA1+ years

Filed as: BOK FINANCIAL ASSET MGMT, INC.

Service code 15 · EIN 75-2009441

Recordkeeping

$193,043

CHARLES SCHWAB & CO., INC.1+ years

Service code 25 · EIN 94-1737782

Directed Trustee

$30,238

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

$653

NEXPOINT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEXPOINT 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