Retirement plan

WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED 401(K) PROFIT SHARING PLAN

Name: WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED - WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED 401(K) PROFIT SHARING PLAN, WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED

WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTEREDEIN 48-0921719Plan #001PY 2017

10111 SANTA FE DRIVE - OVERLAND PARK, KS 66212913-888-1000wallacesaunders.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$21.4M

-5.4% from 2016

Total participants

100

0.0% from 2016

Average account balance

$214,495

-5.4% from 2016

Annual return

12.52%

+6.22 pp from 2016

Benchmarks

See 25,068 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,068 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$31.14M

Not enough data

1 years with asset history on file

Average account balance

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

$299K

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.

104

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.

136.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+16.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21451

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

0 years with F_SCH_H allocation on file

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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NMWMC3+ years Service code 27 · EIN 39-2018056	Advisory (Plan)	$23,960
STANCORP FINANCIAL GROUP3+ years Service code 12 · EIN 93-1253576	Custodial (securities); Sub-transfer ...	$15,212
ASCENSUS LLC3+ years Filed as: TRIUNE FINANCIAL PARTNERS, LLC Service code 27 · EIN 20-2194904	Advisory (Plan)	$14,126
FORTUNE FINANCIAL ADVISORS, LLC3+ years Filed as: FORTUNE FINANCIAL ADVISORS LLC Service code 26 · EIN 26-1420600	Advisory (Participants)	$8,936

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D2T2S

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.
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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$59K

$791 / participant

Investment mgmt$44K74.4%
Other / not subdivided$15K25.6%

% of EOY assets

0.277%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MARKSNELSON, LLC
Auditor EIN: 481238645
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$214,495

$85,766+150.1%

$136,294+57.4%

$70,131+205.8%

Participation rate

100.0%

74.2%+25.8pp

81.9%+18.1pp

69.5%+30.5pp

Annual return

12.52%

31.45%-18.9pp

5155.94%-5143.4pp

73.14%-60.6pp

Employer contribution / active EE

$9,054

$2,966+205.2%

$4,695+92.8%

$2,342+286.5%

Participant deferral / active EE

$9,411

$5,051+86.3%

$6,247+50.6%

$3,332+182.5%

Admin fee / account holder

$593

$5,420-89.1%

$9,243-93.6%

$4,645-87.2%

Provider

Service type

Compensation

NMWMC3+ years

Service code 27 · EIN 39-2018056

Advisory (Plan)

$23,960

STANCORP FINANCIAL GROUP3+ years

Service code 12 · EIN 93-1253576

Custodial (securities); Sub-transfer ...

$15,212

ASCENSUS LLC3+ years

Filed as: TRIUNE FINANCIAL PARTNERS, LLC

Service code 27 · EIN 20-2194904

Advisory (Plan)

$14,126

FORTUNE FINANCIAL ADVISORS, LLC3+ years

Filed as: FORTUNE FINANCIAL ADVISORS LLC

Service code 26 · EIN 26-1420600

Advisory (Participants)

$8,936

WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALLACE SAUNDERS AUSTIN BROWN & ENOCHS CHARTERED 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