Retirement plan

R. W. TROXELL & COMPANY 401(K) PROFIT SHARING PLAN

Name: R.W. TROXELL & COMPANY - R. W. TROXELL & COMPANY 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: R.W. TROXELL & COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R. W. TROXELL & COMPANY 401(K) PROFIT SHARING PLAN, R.W. TROXELL & COMPANY

R.W. TROXELL & COMPANYEIN 37-0902741Plan #002PY 2018

214 S. GRAND AVE. WEST - SPRINGFIELD, IL 62704217-528-7533LinkedIn11-50 employeesinsurance

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$15M

-6.7% from 2017

Total participants

123

+2.5% from 2017

Average account balance

$124,068

-9.7% from 2017

Annual return

-6.03%

-28.45 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.86M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

122

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$653

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 4 by compensation

Provider	Service type	Compensation
TROXELL FINANCIAL1 year Filed as: CRUMLY & ASSOCIATES DPA TROXELL FIN Service code 27 214 S GRAND AVE · SPRINGFIELD, IL 62704	Advisory (Plan)	$36,766
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 99 PO BOX 502533 · SAN DIEGO, CA 921502533	Other Fees	$11,943
BENEFIT PLANNING CONSULTANTS1 year Filed as: BENEFIT PLANNING CONSULTANTS INC. Service code 13 PO BOX 7500 · CHAMPAIGN, IL 618267500	Contract Administrator	$4,759
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 64 333 SOUTH HOPE STEET · LOS ANGELES, CA 90071	Recordkeeping Fees	$1,110

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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 transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$53K

$516 / participant

Contract admin$53K100.0%

% of EOY assets

0.354%

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: KERBER, ECK & BRAECKEL
Auditor EIN: 430352985
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,068

$79,523+56.0%

$140,019-11.4%

$56,289+120.4%

Participation rate

98.1%

85.7%+12.4pp

87.5%+10.6pp

69.9%+28.2pp

Annual return

-6.03%

2.39%-8.4pp

651.17%-657.2pp

-9.96%+3.9pp

Employer contribution / active EE

$2,533

$3,350-24.4%

$5,605-54.8%

$2,111+20.0%

Participant deferral / active EE

$5,650

$5,129+10.2%

$6,927-18.4%

$3,350+68.7%

Admin fee / account holder

$439

$614-28.5%

$10,705-95.9%

$521-15.7%

Provider

Service type

Compensation

TROXELL FINANCIAL1 year

Filed as: CRUMLY & ASSOCIATES DPA TROXELL FIN

Service code 27

214 S GRAND AVE · SPRINGFIELD, IL 62704

Advisory (Plan)

$36,766

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 99

PO BOX 502533 · SAN DIEGO, CA 921502533

Other Fees

$11,943

BENEFIT PLANNING CONSULTANTS1 year

Filed as: BENEFIT PLANNING CONSULTANTS INC.

Service code 13

PO BOX 7500 · CHAMPAIGN, IL 618267500

Contract Administrator

$4,759

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 64

333 SOUTH HOPE STEET · LOS ANGELES, CA 90071

Recordkeeping Fees

$1,110

R. W. TROXELL & COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R. W. TROXELL & COMPANY 401(K) PROFIT SHARING 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