Retirement plan

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

Name: WHITFIELD & EDDY P.L.C. - WHITFIELD & EDDY P.L.C. 401(K) PLAN (2023) Form 5500
Creator: WHITFIELD & EDDY P.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITFIELD & EDDY P.L.C. 401(K) PLAN, WHITFIELD & EDDY P.L.C.

WHITFIELD & EDDY P.L.C.EIN 42-0643980Plan #002PY 2023

699 WALNUT STREET, SUITE 2000 - DES MOINES, IA 50309515-288-6041whitfieldlaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$27.5M

+12.6% from 2022

Total participants

107

-9.3% from 2022

Average account balance

$264,024

+27.8% from 2022

Annual return

16.69%

+32.35 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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
PRIME CAPITAL INVESTMENT ADVISORS3 years Filed as: PRIME CAPITAL INVESTMENT Service code 27 · EIN 82-1364595 6201 COLLEGE BLVD · OVERLAND PARK, KS 66211	Advisory (Plan)	$35,000
CAMBRIDGE INVESTMENT RESEARCH5 years Filed as: CAMBRIDGE INVESTMENT ADVISOR Service code 27 · EIN 20-1665305 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556	Advisory (Plan)	$3,216
THE VANGUARD GROUP, INC.3 years Service code 27 · EIN 23-1945930	Advisory (Plan)	$3,100
ASCENSUS LLC2 years Filed as: PENSION ADMINISTRATORS LLC Service code 50 · EIN 20-4043839 18033 OAK ST · OMAHA, NE 68130	Direct Payment	$1,275
TD AMERITRADE, INC.7 years Service code 27 · EIN 82-0543156	Advisory (Plan)	$234

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

$36K

$433 / participant

Investment mgmt$35K96.5%
Contract admin$1K3.5%

% of EOY assets

0.131%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DENMAN & COMPANY, LLP
Auditor EIN: 420794029
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$264,024

$93,598+182.1%

$135,974+94.2%

$75,173+251.2%

Participation rate

96.4%

75.2%+21.2pp

81.9%+14.5pp

67.2%+29.2pp

Annual return

16.69%

30.89%-14.2pp

68.30%-51.6pp

160.72%-144.0pp

Employer contribution / active EE

$14,874

$3,538+320.4%

$4,859+206.1%

$2,671+456.9%

Participant deferral / active EE

$6,356

$6,405-0.8%

$7,760-18.1%

$4,126+54.0%

Admin fee / account holder

$346

$6,978-95.0%

$10,767-96.8%

$5,651-93.9%

Provider

Service type

Compensation

PRIME CAPITAL INVESTMENT ADVISORS3 years

Filed as: PRIME CAPITAL INVESTMENT

Service code 27 · EIN 82-1364595

6201 COLLEGE BLVD · OVERLAND PARK, KS 66211

Advisory (Plan)

$35,000

CAMBRIDGE INVESTMENT RESEARCH5 years

Filed as: CAMBRIDGE INVESTMENT ADVISOR

Service code 27 · EIN 20-1665305

1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556

Advisory (Plan)

$3,216

THE VANGUARD GROUP, INC.3 years

Service code 27 · EIN 23-1945930

Advisory (Plan)

$3,100

ASCENSUS LLC2 years

Filed as: PENSION ADMINISTRATORS LLC

Service code 50 · EIN 20-4043839

18033 OAK ST · OMAHA, NE 68130

Direct Payment

$1,275

TD AMERITRADE, INC.7 years

Service code 27 · EIN 82-0543156

Advisory (Plan)

$234

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITFIELD & 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