Retirement plan

MEAGHER & GEER P.L.L.P. PROFIT SHARING PLAN AND TRUST

Name: MEAGHER & GEER, P.L.L.P. - MEAGHER & GEER P.L.L.P. PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: MEAGHER & GEER, P.L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEAGHER & GEER P.L.L.P. PROFIT SHARING PLAN AND TRUST, MEAGHER & GEER, P.L.L.P.

MEAGHER & GEER, P.L.L.P.EIN 41-0726610Plan #003PY 2016

33 SOUTH SIXTH STREET, SUITE 4400 - MINNEAPOLIS, MN 55402612-338-0661meagher.comLinkedIn51-200 employeeslegal services

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$45.1M

+8.9% from 2015

Total participants

159

+3.2% from 2015

Average account balance

$285,293

+5.4% from 2015

Annual return

7.24%

+6.47 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$50.86M

Not enough data

1 years with asset history on file

Average account balance

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

$254K

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.

200

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$314

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
HAYS FINANCIAL GROUP2+ years Filed as: THE HAYS GROUP INC Service code 28 · EIN 41-1784898	Investment Management	$62,500
HUBER FINANCIAL ADVISORS LLC2+ years Service code 26 · EIN 46-2591639	Advisory (Participants)	$29,233
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$17,961
LAGER & COMPANY INC2+ years Service code 28 · EIN 41-1928320	Investment Management	$7,273
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Other inv...	$1,180
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$119K

$944 / participant

Investment mgmt$101K84.9%
Other / not subdivided$18K15.1%

% of EOY assets

0.264%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$285,293

$75,183+279.5%

$123,892+130.3%

$55,167+417.1%

Participation rate

99.2%

72.8%+26.4pp

81.4%+17.8pp

69.0%+30.2pp

Annual return

7.24%

19.01%-11.8pp

47.52%-40.3pp

169.23%-162.0pp

Employer contribution / active EE

$10,658

$2,823+277.5%

$4,617+130.8%

$1,963+443.1%

Participant deferral / active EE

$5,797

$5,084+14.0%

$5,984-3.1%

$3,054+89.8%

Admin fee / account holder

$753

$663+13.6%

$8,357-91.0%

$504+49.4%

Provider

Service type

Compensation

HAYS FINANCIAL GROUP2+ years

Filed as: THE HAYS GROUP INC

Service code 28 · EIN 41-1784898

Investment Management

$62,500

HUBER FINANCIAL ADVISORS LLC2+ years

Service code 26 · EIN 46-2591639

Advisory (Participants)

$29,233

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$17,961

LAGER & COMPANY INC2+ years

Service code 28 · EIN 41-1928320

Investment Management

$7,273

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Other inv...

$1,180

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO AND AFFILIATES

Service code 59

Shareholder Servicing

MEAGHER & GEER P.L.L.P. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEAGHER & GEER P.L.L.P. PROFIT SHARING PLAN AND 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