Retirement plan

SPENCER FANE RETIREMENT PLAN

Name: SPENCER FANE LLP - SPENCER FANE RETIREMENT PLAN (2023) Form 5500
Creator: SPENCER FANE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPENCER FANE RETIREMENT PLAN, SPENCER FANE LLP

SPENCER FANE LLPEIN 44-0561981Plan #001PY 2023

1000 WALNUT, SUITE 1400 - KANSAS CITY, MO 64106816-474-8100spencerfane.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$4.9M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$211M

+30.4% from 2022

Total participants

832

+16.2% from 2022

Average account balance

$260,170

+12.7% from 2022

Annual return

22.36%

+35.81 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$263.80M

Not enough data

1 years with asset history on file

Average account balance

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

$267K

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.

989

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+19.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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
CREATIVE PLANNING LLC3 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$37,999
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$34,365
MERITAGE PORTFOLIO MANAGEMENT9+ years Service code 26 · EIN 48-1100663	Advisory (Participants)	$18,278
KRILOGY FINANCIAL LLC5 years Service code 26 · EIN 26-3835498	Advisory (Participants)	$13,843
CANVAS WEALTH ADVISORS LLC3 years Service code 26 · EIN 84-1908421	Advisory (Participants)	$7,853
CHARLES SCHWAB & CO., INC.6 years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$2,601
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

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

$121K

$171 / participant

Recordkeeping$34K28.4%
Investment mgmt$87K71.6%

% of EOY assets

0.057%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$260,170

$95,417+172.7%

$135,974+91.3%

$74,460+249.4%

Participation rate

97.0%

78.2%+18.8pp

81.9%+15.1pp

70.7%+26.3pp

Annual return

22.36%

32.76%-10.4pp

68.30%-45.9pp

34.38%-12.0pp

Employer contribution / active EE

$14,583

$3,878+276.1%

$4,859+200.1%

$2,638+452.8%

Participant deferral / active EE

$10,024

$7,789+28.7%

$7,760+29.2%

$4,530+121.3%

Admin fee / account holder

$149

$266-43.9%

$10,767-98.6%

$348-57.0%

Provider

Service type

Compensation

CREATIVE PLANNING LLC3 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$37,999

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$34,365

MERITAGE PORTFOLIO MANAGEMENT9+ years

Service code 26 · EIN 48-1100663

Advisory (Participants)

$18,278

KRILOGY FINANCIAL LLC5 years

Service code 26 · EIN 26-3835498

Advisory (Participants)

$13,843

CANVAS WEALTH ADVISORS LLC3 years

Service code 26 · EIN 84-1908421

Advisory (Participants)

$7,853

CHARLES SCHWAB & CO., INC.6 years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$2,601

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

SPENCER FANE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPENCER FANE RETIREMENT 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