Retirement plan

GODWIN BOWMAN & MARTINEZ 401(K) SAVINGS AND RETIREMENT PLAN

Name: GODWIN BOWMAN & MARTINEZ - GODWIN BOWMAN & MARTINEZ 401(K) SAVINGS AND RETIREMENT PLAN (2017) Form 5500
Creator: GODWIN BOWMAN & MARTINEZ
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GODWIN BOWMAN & MARTINEZ 401(K) SAVINGS AND RETIREMENT PLAN, GODWIN BOWMAN & MARTINEZ

GODWIN BOWMAN & MARTINEZEIN 38-3668135Plan #001PY 2017

1201 ELM STREET, SUITE 1700 - DALLAS, TX 75270214-939-4433LinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$5.9M

+3.0% from 2016

Total participants

109

-9.9% from 2016

Average account balance

$61,978

+7.3% from 2016

Annual return

16.05%

+9.89 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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
MORGAN STANLEY SMITH BARNEY3+ years Service code 27 5950 BERKSHIRE LN., STE 600 · DALLAS, TX 75225	Advisory (Plan)	$25,000
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$16,796
WEAVER AND TIDWELL, LLP1 year 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

$55K

$1074 / participant

Investment mgmt$25K45.6%
Contract admin$17K30.7%
Other / not subdivided$13K23.7%

% of EOY assets

0.921%

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

$61,978

$85,766-27.7%

$136,298-54.5%

$70,126-11.6%

Participation rate

74.5%

74.2%+0.4pp

81.9%-7.4pp

69.5%+5.0pp

Annual return

16.05%

31.46%-15.4pp

5156.27%-5140.2pp

73.15%-57.1pp

Employer contribution / active EE

$2,966-100.0%

$4,696-100.0%

$2,343-100.0%

Participant deferral / active EE

$5,207

$5,051+3.1%

$6,247-16.6%

$3,332+56.3%

Admin fee / account holder

$571

$5,421-89.5%

$9,244-93.8%

$4,645-87.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Service code 27

5950 BERKSHIRE LN., STE 600 · DALLAS, TX 75225

Advisory (Plan)

$25,000

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$16,796

WEAVER AND TIDWELL, LLP1 year

Service code 10 · EIN 75-0786316

Accounting

$13,000

GODWIN BOWMAN & MARTINEZ 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GODWIN BOWMAN & MARTINEZ 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