Retirement plan

DEWITT LLP SAVINGS PLAN & TRUST

Name: DEWITT LLP - DEWITT LLP SAVINGS PLAN & TRUST (2023) Form 5500
Creator: DEWITT LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEWITT LLP SAVINGS PLAN & TRUST, DEWITT LLP

DEWITT LLPEIN 39-1804522Plan #001PY 2023

2 EAST MIFFLIN STREET SUITE 600 - MADISON, WI 53703608-255-8891

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$130.2M

+13.0% from 2022

Total participants

342

+6.5% from 2022

Average account balance

$387,513

+6.3% from 2022

Annual return

16.13%

+29.84 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$145.05M

Not enough data

1 years with asset history on file

Average account balance

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

$442K

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.

328

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$910

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ASCENSUS LLC9+ years Filed as: FRANCIS INVESTMENT COUNSEL, LLC Service code 27 · EIN 90-0142264	Advisory (Plan)	$114,732
MILLIMAN, INC.4 years Service code 15 · EIN 91-0675641	Recordkeeping	$45,972
MATRIX TRUST COMPANY3 years Service code 19 · EIN 75-3182674	Securities Custodian	$17,805
WIPFLI LLP1 year Filed as: WIPFLI Service code 27 2501 W. BELTLINE HWY #401 · MADISON, WI 53713	Advisory (Plan)	$10,000
BDO USA, LLP1 year Filed as: BDO Service code 27 330 EAST KILBOURN AVENUE, SUITE 750 · MILWAUKEE, WI 53202	Advisory (Plan)	$8,814

Plan features & details

Pension benefit codes2A2E2F2G2J2R2S2T3D

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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$291K

$1195 / participant

Recordkeeping$46K15.8%
Trustee / custodial$18K6.1%
Investment mgmt$207K71.0%
Other / not subdivided$21K7.1%

% of EOY assets

0.224%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: $18,814
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$387,513

$91,407+323.9%

$135,903+185.1%

$71,457+442.3%

Participation rate

97.5%

75.7%+21.9pp

81.9%+15.6pp

67.9%+29.6pp

Annual return

16.13%

29.90%-13.8pp

68.23%-52.1pp

28.85%-12.7pp

Employer contribution / active EE

$13,355

$3,703+260.6%

$4,856+175.0%

$2,588+416.1%

Participant deferral / active EE

$11,256

$7,092+58.7%

$7,758+45.1%

$4,289+162.4%

Admin fee / account holder

$868

$1,266-31.5%

$10,762-91.9%

$1,587-45.3%

Provider

Service type

Compensation

ASCENSUS LLC9+ years

Filed as: FRANCIS INVESTMENT COUNSEL, LLC

Service code 27 · EIN 90-0142264

Advisory (Plan)

$114,732

MILLIMAN, INC.4 years

Service code 15 · EIN 91-0675641

Recordkeeping

$45,972

MATRIX TRUST COMPANY3 years

Service code 19 · EIN 75-3182674

Securities Custodian

$17,805

WIPFLI LLP1 year

Filed as: WIPFLI

Service code 27

2501 W. BELTLINE HWY #401 · MADISON, WI 53713

Advisory (Plan)

$10,000

BDO USA, LLP1 year

Filed as: BDO

Service code 27

330 EAST KILBOURN AVENUE, SUITE 750 · MILWAUKEE, WI 53202

Advisory (Plan)

$8,814

DEWITT LLP SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEWITT LLP SAVINGS PLAN & TRUST

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