Retirement plan

WHITFIELD AND EDDY P. L. C. 401(K) PLAN

Name: WHITFIELD & EDDY P.L.C. - WHITFIELD AND EDDY P. L. C. 401(K) PLAN (2018) Form 5500
Creator: WHITFIELD & EDDY P.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITFIELD AND EDDY P. L. C. 401(K) PLAN, WHITFIELD & EDDY P.L.C.

WHITFIELD & EDDY P.L.C.EIN 42-0643980Plan #002PY 2018

699 WALNUT STREET, SUITE 2000 - DES MOINES, IA 50309515-558-0122whitfieldlaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$30.2M

-2.9% from 2017

Total participants

116

-14.1% from 2017

Average account balance

$260,351

+9.6% from 2017

Annual return

-5.05%

-20.15 pp from 2017

Benchmarks

See 25,535 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,535 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.48M

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.

108

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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 5 by compensation

Provider	Service type	Compensation
FIRST NATIONAL BANK OF OMAHA4+ years Service code 15 · EIN 47-0259043	Recordkeeping	$62,314
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE INVESTMENT RESEARCH. Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	$26,595
VISIONPOINT ADVISORY GROUP4+ years Service code 27 1601 WEST LAKES PARKWAY · WEST DES MOINES, IA 50266	Advisory (Plan)	$23,851
WILLIS TOWERS WATSON US LLC4+ years Filed as: WYATT EARP WEALTH MANAGEMENT Service code 27 660 WESTOWN PARKWAY · W. DES MOINES, IA 50266	Advisory (Plan)	$9,085
TD AMERITRADE, INC.2 years Service code 33 · EIN 82-0543156	Securities brokerage; Direct payment ...	$185

Plan features & details

Pension benefit codes2E3D2G2J2K2R2F2T

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

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

$122K

$1545 / participant

Investment mgmt$70K57.1%
Contract admin$52K42.7%
Other / not subdivided$1850.2%

% of EOY assets

0.404%

all-in expense ratio

Categories reported

2 / 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: DENMAN & COMPANY, LLP
Auditor EIN: 420794029
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$260,351

$77,817+234.6%

$123,553+110.7%

$64,173+305.7%

Participation rate

100.0%

74.7%+25.3pp

82.3%+17.7pp

69.6%+30.4pp

Annual return

-5.05%

12.49%-17.5pp

119.21%-124.3pp

7.63%-12.7pp

Employer contribution / active EE

$14,325

$3,014+375.3%

$4,628+209.5%

$2,381+501.7%

Participant deferral / active EE

$6,613

$5,240+26.2%

$6,426+2.9%

$3,470+90.6%

Admin fee / account holder

$1,052

$5,519-80.9%

$9,284-88.7%

$4,887-78.5%

Provider

Service type

Compensation

FIRST NATIONAL BANK OF OMAHA4+ years

Service code 15 · EIN 47-0259043

Recordkeeping

$62,314

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE INVESTMENT RESEARCH.

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

$26,595

VISIONPOINT ADVISORY GROUP4+ years

Service code 27

1601 WEST LAKES PARKWAY · WEST DES MOINES, IA 50266

Advisory (Plan)

$23,851

WILLIS TOWERS WATSON US LLC4+ years

Filed as: WYATT EARP WEALTH MANAGEMENT

Service code 27

660 WESTOWN PARKWAY · W. DES MOINES, IA 50266

Advisory (Plan)

$9,085

TD AMERITRADE, INC.2 years

Service code 33 · EIN 82-0543156

Securities brokerage; Direct payment ...

$185

WHITFIELD AND EDDY P. L. C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITFIELD AND EDDY P. L. C. 401(K) 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