Retirement plan

GODWIN PC 401(K) SAVINGS AND RETIREMENT PLAN

Name: GODWIN PC - GODWIN PC 401(K) SAVINGS AND RETIREMENT PLAN (2015) Form 5500
Creator: GODWIN PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GODWIN PC 401(K) SAVINGS AND RETIREMENT PLAN, GODWIN PC

GODWIN PCEIN 38-3668135Plan #001PY 2015

1201 ELM STREET, SUITE 1700 - DALLAS, TX 75270214-939-4862LinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$6.1M

No prior year

Total participants

135

No prior year

Average account balance

$51,041

No prior year

Annual return

2.10%

No prior year

Benchmarks

See 22,773 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort22,773 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.31M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

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.

220.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$267K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21345

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

0 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
DAILYACCESS CORPORATION1+ years Service code 15 · EIN 63-1156117	Recordkeeping	$26,198
MORGAN STANLEY SMITH BARNEY1+ years Service code 27 5950 BERKSHIRE LN, STE 600 · DALLAS, TX 75225	Advisory (Plan)	$25,000
WEAVER AND TIDWELL, LLP1+ years Filed as: WEAVER & TIDWELL, LLP Service code 10 · EIN 75-0786316	Accounting	$13,000

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$1126 / participant

Investment mgmt$25K38.9%
Contract admin$26K40.8%
Other / not subdivided$13K20.2%

% of EOY assets

1.057%

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: WEAVER AND TIDWELL, LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,041

$72,177-29.3%

$115,037-55.6%

$59,633-14.4%

Participation rate

71.9%

72.6%-0.6pp

81.4%-9.4pp

68.7%+3.3pp

Annual return

2.10%

12.02%-9.9pp

26.14%-24.0pp

2041.40%-2039.3pp

Employer contribution / active EE

$2,841-100.0%

$4,608-100.0%

$2,203-100.0%

Participant deferral / active EE

$7,149

$4,783+49.5%

$6,026+18.6%

$3,192+124.0%

Admin fee / account holder

$539

$4,927-89.1%

$8,175-93.4%

$4,297-87.4%

Provider

Service type

Compensation

DAILYACCESS CORPORATION1+ years

Service code 15 · EIN 63-1156117

Recordkeeping

$26,198

MORGAN STANLEY SMITH BARNEY1+ years

Service code 27

5950 BERKSHIRE LN, STE 600 · DALLAS, TX 75225

Advisory (Plan)

$25,000

WEAVER AND TIDWELL, LLP1+ years

Filed as: WEAVER & TIDWELL, LLP

Service code 10 · EIN 75-0786316

Accounting

$13,000

GODWIN PC 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GODWIN PC 401(K) SAVINGS AND RETIREMENT 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