Retirement plan

HEYL, ROYSTER, VOELKER & ALLEN P.C. PROFIT SHARING AND 401(K) PLAN

Name: HEYL, ROYSTER, VOELKER & ALLEN P.C. - HEYL, ROYSTER, VOELKER & ALLEN P.C. PROFIT SHARING AND 401(K) PLAN (2019) Form 5500
Creator: HEYL, ROYSTER, VOELKER & ALLEN P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEYL, ROYSTER, VOELKER & ALLEN P.C. PROFIT SHARING AND 401(K) PLAN, HEYL, ROYSTER, VOELKER & ALLEN P.C.

HEYL, ROYSTER, VOELKER & ALLEN P.C.EIN 37-0947290Plan #002PY 2019

300 HAMILTON BLVD, P.O. BOX 6199 - PEORIA, IL 61601309-676-0400

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$75.1M

+14.5% from 2018

Total participants

431

-4.4% from 2018

Average account balance

$186,325

+22.7% from 2018

Annual return

21.30%

+25.90 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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Analytics

Total assets (EOY)

Plan-year ending balance

$77.29M

Not enough data

1 years with asset history on file

Average account balance

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

$215K

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.

360

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.85M

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

+13.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
DAVID ROMANO2 years Filed as: DAVID VAUGHAN INVESTMENTS LLC Service code 26 5823 N FOREST PARK DR · PEIRIA, IL 61614	Advisory (Participants)	$43,705
T ROWE PRICE RPS INC5+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$37,520
OLSHAN FROME WOLOSKY LLP5+ years Filed as: OLSHAN Service code 29 65 EAST 55TH STREET · NEW YORK, NY 10022	Legal	$31,460
CLIFTONLARSONALLEN LLP4 years Service code 10 220 S 6TH ST · MINNEAPOLIS, MN 55402	Accounting	$10,000
CHARLES SCHWAB & CO., INC.2 years Service code 33 211 MAIN STREET · SAN FRANCISCO, CA 94105	Securities brokerage; Float revenue; ...	$1,239
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Direct payment from the plan; Securit...	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3D

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$155K

$520 / participant

Investment mgmt$44K28.3%
Other / not subdivided$111K71.7%

% of EOY assets

0.206%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$186,325

$88,122+111.4%

$141,162+32.0%

$67,579+175.7%

Participation rate

90.6%

76.5%+14.1pp

82.5%+8.1pp

71.3%+19.3pp

Annual return

21.30%

75.40%-54.1pp

71.39%-50.1pp

378.56%-357.3pp

Employer contribution / active EE

$4,238

$3,224+31.4%

$4,735-10.5%

$2,148+97.3%

Participant deferral / active EE

$6,387

$5,958+7.2%

$6,709-4.8%

$3,539+80.5%

Admin fee / account holder

$383

$131+192.9%

$10,261-96.3%

$142+169.5%

Provider

Service type

Compensation

DAVID ROMANO2 years

Filed as: DAVID VAUGHAN INVESTMENTS LLC

Service code 26

5823 N FOREST PARK DR · PEIRIA, IL 61614

Advisory (Participants)

$43,705

T ROWE PRICE RPS INC5+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$37,520

OLSHAN FROME WOLOSKY LLP5+ years

Filed as: OLSHAN

Service code 29

65 EAST 55TH STREET · NEW YORK, NY 10022

Legal

$31,460

CLIFTONLARSONALLEN LLP4 years

Service code 10

220 S 6TH ST · MINNEAPOLIS, MN 55402

Accounting

$10,000

CHARLES SCHWAB & CO., INC.2 years

Service code 33

211 MAIN STREET · SAN FRANCISCO, CA 94105

Securities brokerage; Float revenue; ...

$1,239

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Direct payment from the plan; Securit...

HEYL, ROYSTER, VOELKER & ALLEN P.C. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEYL, ROYSTER, VOELKER & ALLEN P.C. PROFIT SHARING AND 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