Retirement plan

GODWIN BOWMAN PC 401(K) SAVINGS AND RETIREMENT PLAN

Name: GODWIN BOWMAN PC - GODWIN BOWMAN PC 401(K) SAVINGS AND RETIREMENT PLAN (2018) Form 5500
Creator: GODWIN BOWMAN PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GODWIN BOWMAN PC 401(K) SAVINGS AND RETIREMENT PLAN, GODWIN BOWMAN PC

GODWIN BOWMAN PCEIN 38-3668135Plan #001PY 2018

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

Prospect flagsRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$5.5M

-7.6% from 2017

Total participants

115

+5.5% from 2017

Average account balance

$54,427

-12.2% from 2017

Annual return

-6.94%

-22.98 pp from 2017

Benchmarks

See 25,536 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,536 peers

Snapshot2018

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969	Recordkeeping	$28,643
MORGAN STANLEY SMITH BARNEY4+ years Service code 27 5950 BERKSHIRE LN., STE 600 · DALLAS, TX 75225	Advisory (Plan)	$25,000

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$27K

$486 / participant

Contract admin$27K100.0%

% of EOY assets

0.495%

all-in expense ratio

Categories reported

1 / 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

$54,427

$77,816-30.1%

$123,549-55.9%

$64,181-15.2%

Participation rate

75.0%

74.7%+0.3pp

82.3%-7.3pp

69.6%+5.4pp

Annual return

-6.94%

12.49%-19.4pp

119.20%-126.1pp

7.63%-14.6pp

Employer contribution / active EE

$3,014-100.0%

$4,628-100.0%

$2,381-100.0%

Participant deferral / active EE

$5,221

$5,240-0.4%

$6,426-18.7%

$3,470+50.5%

Admin fee / account holder

$269

$5,519-95.1%

$9,284-97.1%

$4,887-94.5%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 15 · EIN 27-2037969

Recordkeeping

$28,643

MORGAN STANLEY SMITH BARNEY4+ years

Service code 27

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

Advisory (Plan)

$25,000

GODWIN BOWMAN PC 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GODWIN BOWMAN 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