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 (2019) 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 2019

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)

$19.7M

+31.2% from 2018

Total participants

122

-0.8% from 2018

Average account balance

$169,783

+36.8% from 2018

Annual return

25.82%

+31.84 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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 6 by compensation

Provider	Service type	Compensation
TROXELL FINANCIAL2 years Filed as: CRUMLY & ASSOCIATES DPA TROXELL FIN Service code 27 214 S GRAND AVE · SPRINGFIELD, IL 62704	Advisory (Plan)	$41,389
FIDUCIARY CONSULTING GROUP1 year Filed as: FIDUCIARY CONSULTING GROUP, INC. Service code 14 · EIN 20-2807852 PO BOX 11408 · MURFREESBORO, TN 37129	Plan Administrator	$23,201
BLUESTAR RETIREMENT SERVICES1 year Service code 13 · EIN 59-3092339 822 A1A N · PONTE VEDRA BEACH, FL 32082	Contract Administrator	$4,513
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE ST · LOS ANGELES, CA 90071	Recordkeeping Fees	$2,591
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 15 · EIN 81-0625169	Recordkeeping	$957
BENEFIT PLANNING CONSULTANTS1 year Filed as: BENEFIT PLANNING CONSULTANTS INC Service code 13 PO BOX 7500 · CHAMPAIGN, IL 618267500	Contract Administrator	$365

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

$75K

$713 / participant

Other / not subdivided$75K100.0%

% of EOY assets

0.380%

all-in expense ratio

Categories reported

0 / 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

$169,783

$98,982+71.5%

$162,185+4.7%

$65,186+160.5%

Participation rate

94.3%

85.8%+8.5pp

87.6%+6.7pp

70.2%+24.1pp

Annual return

25.82%

24.84%+1.0pp

115.61%-89.8pp

29.39%-3.6pp

Employer contribution / active EE

$2,602

$3,467-25.0%

$5,613-53.7%

$2,177+19.5%

Participant deferral / active EE

$5,738

$5,384+6.6%

$7,297-21.4%

$3,514+63.3%

Admin fee / account holder

$646

$596+8.3%

$10,844-94.0%

$847-23.8%

Provider

Service type

Compensation

TROXELL FINANCIAL2 years

Filed as: CRUMLY & ASSOCIATES DPA TROXELL FIN

Service code 27

214 S GRAND AVE · SPRINGFIELD, IL 62704

Advisory (Plan)

$41,389

FIDUCIARY CONSULTING GROUP1 year

Filed as: FIDUCIARY CONSULTING GROUP, INC.

Service code 14 · EIN 20-2807852

PO BOX 11408 · MURFREESBORO, TN 37129

Plan Administrator

$23,201

BLUESTAR RETIREMENT SERVICES1 year

Service code 13 · EIN 59-3092339

822 A1A N · PONTE VEDRA BEACH, FL 32082

Contract Administrator

$4,513

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64

333 SOUTH HOPE ST · LOS ANGELES, CA 90071

Recordkeeping Fees

$2,591

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 15 · EIN 81-0625169

Recordkeeping

$957

BENEFIT PLANNING CONSULTANTS1 year

Filed as: BENEFIT PLANNING CONSULTANTS INC

Service code 13

PO BOX 7500 · CHAMPAIGN, IL 618267500

Contract Administrator

$365

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