Retirement plan

SECREST WARDLE 401(K) PROFIT SHARING PLAN

Name: SECREST, WARDLE, LYNCH, HAMPTON, TRUEX, AND MORLEY, PC - SECREST WARDLE 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: SECREST, WARDLE, LYNCH, HAMPTON, TRUEX, AND MORLEY, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECREST WARDLE 401(K) PROFIT SHARING PLAN, SECREST, WARDLE, LYNCH, HAMPTON, TRUEX, AND MORLEY, PC

SECREST, WARDLE, LYNCH, HAMPTON, TRUEX, AND MORLEY, PCEIN 38-1863919Plan #002PY 2015

2600 TROY CENTER DRIVE - TROY, MI 48007248-851-9500LinkedIn201-500 employeeslegal services

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$11.6M

No prior year

Total participants

186

No prior year

Average account balance

$85,270

No prior year

Annual return

-1.24%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.89M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

182

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$593

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
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL LLC-RPCP Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$25,859
NATIONWIDE1+ years Service code 18 ONE COLUMBUS PLAZA · COLUMBUS, OH 43215	Investment management fees paid direc...	$19,310
REHMANN ROBSON1+ years Filed as: REHMANN FINANCIAL GROUP, LLC Service code 15 2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546	Recordkeeping	$4,943

Plan features & details

Pension benefit codes2E2F2G2J2K2A

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$50K

$322 / participant

Investment mgmt$26K51.5%
Contract admin$19K38.7%
Other / not subdivided$5K9.8%

% of EOY assets

0.433%

all-in expense ratio

Categories reported

2 / 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: YEO & YEO, P.C.
Auditor EIN: 382706146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,270

$70,002+21.8%

$115,038-25.9%

$52,331+62.9%

Participation rate

67.9%

72.1%-4.2pp

81.4%-13.4pp

68.1%-0.2pp

Annual return

-1.24%

4.04%-5.3pp

26.14%-27.4pp

4.54%-5.8pp

Employer contribution / active EE

$2,715-100.0%

$4,608-100.0%

$1,882-100.0%

Participant deferral / active EE

$4,645

$4,920-5.6%

$6,026-22.9%

$3,022+53.7%

Admin fee / account holder

$369

$566-34.7%

$8,175-95.5%

$592-37.6%

Provider

Service type

Compensation

LPL FINANCIAL1+ years

Filed as: LPL FINANCIAL LLC-RPCP

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$25,859

NATIONWIDE1+ years

Service code 18

ONE COLUMBUS PLAZA · COLUMBUS, OH 43215

Investment management fees paid direc...

$19,310

REHMANN ROBSON1+ years

Filed as: REHMANN FINANCIAL GROUP, LLC

Service code 15

2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546

Recordkeeping

$4,943

SECREST WARDLE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECREST WARDLE 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