Retirement plan

THE FELHABER, LARSON, FENLON & VOGT, P.A. EMPLOYEE SAVINGS & PROFIT SHARING PLAN

Name: FELHABER, LARSON, FENLON,VOGT, P.A. - THE FELHABER, LARSON, FENLON & VOGT, P.A. EMPLOYEE SAVINGS & PROFIT SHARING PLAN (2016) Form 5500
Creator: FELHABER, LARSON, FENLON,VOGT, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FELHABER, LARSON, FENLON & VOGT, P.A. EMPLOYEE SAVINGS & PROFIT SHARING PLAN, FELHABER, LARSON, FENLON,VOGT, P.A.

FELHABER, LARSON, FENLON,VOGT, P.A.EIN 41-0991071Plan #001PY 2016

220 SOUTH SIXTH STREET, SUITE 2200 - MINNEAPOLIS, MN 554024302612-339-6321

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$64.8M

+2.2% from 2015

Total participants

134

-2.9% from 2015

Average account balance

$498,588

+3.0% from 2015

Annual return

7.34%

+8.46 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.67M

Not enough data

1 years with asset history on file

Average account balance

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

$745K

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.

115

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+14.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1684

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$59,971
MILLIMAN, INC.2+ years Filed as: MILLIMAN INC. Service code 15 · EIN 91-0675641	Recordkeeping	$47,713
OLSEN THIELEN & CO., LTD.2+ years Filed as: OLSEN THIELEN Service code 10 · EIN 41-1360831	Accounting	$24,200
MATRIX TRUST COMPANY2+ years Service code 19 · EIN 75-3182674	Securities Custodian	$19,472
ADVISORY OPERATIONS- BILLING2+ years Service code 27 ONE NORTH JEFFERSON, ST. · ST. LOUIS, MO 63103	Advisory (Plan)	$17,500
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 41-0449260	Advisory (Participants)	$17,500

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$186K

$1983 / participant

Other / not subdivided$186K100.0%

% of EOY assets

0.288%

all-in expense ratio

Categories reported

0 / 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: OLSEN THIELEN & CO., LTD.
Auditor EIN: 411360831
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$498,588

$76,551+551.3%

$123,894+302.4%

$62,881+692.9%

Participation rate

95.7%

73.0%+22.8pp

81.4%+14.3pp

69.3%+26.4pp

Annual return

7.34%

18.68%-11.3pp

47.52%-40.2pp

20.14%-12.8pp

Employer contribution / active EE

$19,512

$2,882+576.9%

$4,617+322.6%

$2,281+755.5%

Participant deferral / active EE

$9,485

$4,840+96.0%

$5,984+58.5%

$3,203+196.1%

Admin fee / account holder

$1,434

$4,826-70.3%

$8,357-82.8%

$4,296-66.6%

Provider

Service type

Compensation

LPL FINANCIAL2+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$59,971

MILLIMAN, INC.2+ years

Filed as: MILLIMAN INC.

Service code 15 · EIN 91-0675641

Recordkeeping

$47,713

OLSEN THIELEN & CO., LTD.2+ years

Filed as: OLSEN THIELEN

Service code 10 · EIN 41-1360831

Accounting

$24,200

MATRIX TRUST COMPANY2+ years

Service code 19 · EIN 75-3182674

Securities Custodian

$19,472

ADVISORY OPERATIONS- BILLING2+ years

Service code 27

ONE NORTH JEFFERSON, ST. · ST. LOUIS, MO 63103

Advisory (Plan)

$17,500

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 41-0449260

Advisory (Participants)

$17,500

THE FELHABER, LARSON, FENLON & VOGT, P.A. EMPLOYEE SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FELHABER, LARSON, FENLON & VOGT, P.A. EMPLOYEE SAVINGS & PROFIT SHARING 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