Retirement plan

BOWMAN AND BROOKE LLP RETIREMENT SAVINGS PLAN

Name: BOWMAN AND BROOKE LLP - BOWMAN AND BROOKE LLP RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: BOWMAN AND BROOKE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOWMAN AND BROOKE LLP RETIREMENT SAVINGS PLAN, BOWMAN AND BROOKE LLP

BOWMAN AND BROOKE LLPEIN 41-1510639Plan #001PY 2019

150 SOUTH FIFTH STREET, SUITE 3000 - MINNEAPOLIS, MN 554020000612-672-3210bowmanandbrooke.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$164.8M

+18.7% from 2018

Total participants

644

+1.3% from 2018

Average account balance

$267,082

+18.6% from 2018

Annual return

22.52%

+27.68 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$194.28M

Not enough data

1 years with asset history on file

Average account balance

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

$301K

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.

646

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$343

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 7 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO4 years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$133,653
HAYS COMPANIES5+ years Filed as: HAYS INVESTMENT ADVISORS, LLC Service code 27 · EIN 41-1931920	Advisory (Plan)	$25,000
ACCREDITED INVESTORS INC.5+ years Filed as: ACCREDITED INVESTORS, LLC Service code 27 · EIN 41-1581164	Advisory (Plan)	$19,577
ALLSTAR FINANCIAL1 year Service code 27 3800 AMERICAN BLVD W. SUITE 620 · MINNEAPOLIS, MA 55431	Advisory (Plan)	$12,500
UBS FINANCIAL SERVICES INC5+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019	Advisory (Plan)	$11,091
BMO HARRIS BANK NA5+ years Service code 19 · EIN 36-2085229	Securities Custodian	$0
BMO HARRIS BANK NA4 years Filed as: BMO HARRIS BANK, NA Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2S2T

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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$16K

$37 / participant

Investment mgmt$16K100.0%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$267,082

$88,122+203.1%

$141,191+89.2%

$67,579+295.2%

Participation rate

93.8%

76.5%+17.3pp

82.5%+11.3pp

71.3%+22.5pp

Annual return

22.52%

75.40%-52.9pp

71.41%-48.9pp

378.56%-356.0pp

Employer contribution / active EE

$8,193

$3,224+154.1%

$4,736+73.0%

$2,148+281.5%

Participant deferral / active EE

$7,826

$5,958+31.4%

$6,710+16.6%

$3,539+121.1%

Admin fee / account holder

$26

$131-79.9%

$10,264-99.7%

$142-81.5%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO4 years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$133,653

HAYS COMPANIES5+ years

Filed as: HAYS INVESTMENT ADVISORS, LLC

Service code 27 · EIN 41-1931920

Advisory (Plan)

$25,000

ACCREDITED INVESTORS INC.5+ years

Filed as: ACCREDITED INVESTORS, LLC

Service code 27 · EIN 41-1581164

Advisory (Plan)

$19,577

ALLSTAR FINANCIAL1 year

Service code 27

3800 AMERICAN BLVD W. SUITE 620 · MINNEAPOLIS, MA 55431

Advisory (Plan)

$12,500

UBS FINANCIAL SERVICES INC5+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27

1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019

Advisory (Plan)

$11,091

BMO HARRIS BANK NA5+ years

Service code 19 · EIN 36-2085229

Securities Custodian

BMO HARRIS BANK NA4 years

Filed as: BMO HARRIS BANK, NA

Service code 19

Securities Custodian

BOWMAN AND BROOKE LLP RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOWMAN AND BROOKE LLP RETIREMENT SAVINGS 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