Retirement plan

WALLACE SAUNDERS, CHARTERED 401(K) PROFIT SHARING PLAN

Name: WALLACE SAUNDERS, CHARTERED - WALLACE SAUNDERS, CHARTERED 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: WALLACE SAUNDERS, CHARTERED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALLACE SAUNDERS, CHARTERED 401(K) PROFIT SHARING PLAN, WALLACE SAUNDERS, CHARTERED

WALLACE SAUNDERS, CHARTEREDEIN 48-0921719Plan #001PY 2020

10111 WEST 87TH STREET - OVERLAND PARK, KS 66212913-888-1000wallacesaunders.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$22.8M

+14.0% from 2019

Total participants

103

+7.3% from 2019

Average account balance

$227,873

+7.2% from 2019

Annual return

12.34%

-7.12 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

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

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP6+ years Service code 12 · EIN 93-1253576	Claims processing; Sub-transfer agenc...	$64,897
MAYER HOFFMAN MCCANN P.C.2 years Filed as: MAYER HOFFMAN MCCANN, PC Service code 10 · EIN 43-1947695	Accounting	$11,373
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB Service code 19	Securities Custodian	$7,049
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 25-1838406	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D2T2R

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

3 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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$70K

$859 / participant

Contract admin$70K100.0%

% of EOY assets

0.309%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$227,873

$98,760+130.7%

$149,715+52.2%

$79,858+185.3%

Participation rate

96.3%

75.8%+20.6pp

82.5%+13.9pp

69.6%+26.7pp

Annual return

12.34%

27.43%-15.1pp

276.66%-264.3pp

31.72%-19.4pp

Employer contribution / active EE

$9,198

$3,217+185.9%

$4,645+98.0%

$2,471+272.3%

Participant deferral / active EE

$9,089

$5,681+60.0%

$6,842+32.8%

$3,740+143.0%

Admin fee / account holder

$705

$6,053-88.4%

$9,310-92.4%

$5,306-86.7%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP6+ years

Service code 12 · EIN 93-1253576

Claims processing; Sub-transfer agenc...

$64,897

MAYER HOFFMAN MCCANN P.C.2 years

Filed as: MAYER HOFFMAN MCCANN, PC

Service code 10 · EIN 43-1947695

Accounting

$11,373

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB

Service code 19

Securities Custodian

$7,049

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 25-1838406

Securities Custodian

WALLACE SAUNDERS, CHARTERED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALLACE SAUNDERS, 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