Retirement plan

SHOOK, HARDY & BACON 401(K) PROFIT SHARING PLAN

Name: SHOOK, HARDY & BACON L.L.P. - SHOOK, HARDY & BACON 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SHOOK, HARDY & BACON L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHOOK, HARDY & BACON 401(K) PROFIT SHARING PLAN, SHOOK, HARDY & BACON L.L.P.

SHOOK, HARDY & BACON L.L.P.EIN 44-0585497Plan #001PY 2023

2555 GRAND BOULEVARD - KANSAS CITY, MO 64108816-474-6550shb.comLinkedIn1001-5000 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$588.7M

-9.2% from 2016

Total participants

1,757

-1.3% from 2016

Average account balance

$335,034

-7.6% from 2016

Annual return

18.56%

-7.27 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$650.78M

Not enough data

1 years with asset history on file

Average account balance

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

$360K

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.

1,806

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+13.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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 10 of 11 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS9+ years Service code 12 · EIN 13-3689044	Float revenue; Direct payment from th...	$163,609
CAPITAL MGMT SERVICES INC2 years Service code 33 · EIN 43-1410129	Securities brokerage commissions and ...	$68,981
YUKON WEALTH MANAGEMENT INC2 years Service code 33 · EIN 48-1156653	Securities brokerage commissions and ...	$39,531
FAS WEALTH PARTNERS INC1 year Service code 33 · EIN 48-0948682	Securities brokerage commissions and ...	$23,051
COUNTRY CLUB BANK2 years Service code 28 · EIN 44-0574255	Investment Management	$18,752
TFB ADVISORS, LLC1 year Filed as: TFB ADVISORS LLC Service code 28 · EIN 88-2289092	Investment Management	$12,729
CREATIVEONE SECURITIES, LLC1 year Filed as: CREATIVEONE SECURITIES LLC Service code 33 · EIN 27-1408998	Securities brokerage commissions and ...	$10,915
LARSON FINANCIAL GROUP LLC2 years Service code 33 · EIN 20-4773945	Securities brokerage; Securities brok...	$7,144
CANVAS WEALTH ADVISORS LLC2 years Service code 33 · EIN 84-1908421	Securities brokerage; Securities brok...	$6,158
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$1,429

Plan features & details

Pension benefit codes2F2G2J2R2S2T

Plan features

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

$362K

$311 / participant

Recordkeeping$164K45.2%
Investment mgmt$199K54.8%

% of EOY assets

0.062%

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: FORVIS MAZARS LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$335,034

$107,415+211.9%

$135,998+146.4%

$80,187+317.8%

Participation rate

100.0%

78.0%+22.0pp

81.9%+18.1pp

72.9%+27.1pp

Annual return

18.56%

91.99%-73.4pp

68.37%-49.8pp

40.40%-21.8pp

Employer contribution / active EE

$13,170

$3,878+239.6%

$4,860+171.0%

$2,980+342.0%

Participant deferral / active EE

$12,016

$8,189+46.7%

$7,761+54.8%

$5,016+139.5%

Admin fee / account holder

$206

$127+62.3%

$10,769-98.1%

$145+42.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS9+ years

Service code 12 · EIN 13-3689044

Float revenue; Direct payment from th...

$163,609

CAPITAL MGMT SERVICES INC2 years

Service code 33 · EIN 43-1410129

Securities brokerage commissions and ...

$68,981

YUKON WEALTH MANAGEMENT INC2 years

Service code 33 · EIN 48-1156653

Securities brokerage commissions and ...

$39,531

FAS WEALTH PARTNERS INC1 year

Service code 33 · EIN 48-0948682

Securities brokerage commissions and ...

$23,051

COUNTRY CLUB BANK2 years

Service code 28 · EIN 44-0574255

Investment Management

$18,752

TFB ADVISORS, LLC1 year

Filed as: TFB ADVISORS LLC

Service code 28 · EIN 88-2289092

Investment Management

$12,729

CREATIVEONE SECURITIES, LLC1 year

Filed as: CREATIVEONE SECURITIES LLC

Service code 33 · EIN 27-1408998

Securities brokerage commissions and ...

$10,915

LARSON FINANCIAL GROUP LLC2 years

Service code 33 · EIN 20-4773945

Securities brokerage; Securities brok...

$7,144

CANVAS WEALTH ADVISORS LLC2 years

Service code 33 · EIN 84-1908421

Securities brokerage; Securities brok...

$6,158

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$1,429

SHOOK, HARDY & BACON 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHOOK, HARDY & BACON 401(K) 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