Retirement plan

MORRIS JAMES LLP RETIREMENT PLAN

Name: MORRIS JAMES LLP - MORRIS JAMES LLP RETIREMENT PLAN (2018) Form 5500
Creator: MORRIS JAMES LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORRIS JAMES LLP RETIREMENT PLAN, MORRIS JAMES LLP

MORRIS JAMES LLPEIN 51-0023480Plan #001PY 2018

500 DELAWARE AVENUE, SUITE 1500 - WILMINGTON, DE 19801302-888-6800morrisjames.comLinkedIn51-200 employeeslaw practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$40.6M

-7.0% from 2017

Total participants

204

-0.5% from 2017

Average account balance

$211,441

-6.5% from 2017

Annual return

-4.22%

-18.38 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$69.04M

Not enough data

1 years with asset history on file

Average account balance

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

$335K

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.

206

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$539

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 3 by compensation

Provider	Service type	Compensation
HERITAGE PENSION ADVISORS, LLC4+ years Filed as: HERITAGE ADMINISTRATIVE SVCS, LLC Service code 13 · EIN 26-1662097 100 CROSSWAYS PARK WEST · WOODBURY, NY 11797	Contract Administrator	$22,477
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD GROUP, INC. Service code 15 · EIN 23-1945930	Recordkeeping	$6,340
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$5,518

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$12K

$70 / participant

Contract admin$12K100.0%

% of EOY assets

0.029%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SANTORA CPA GROUP
Auditor EIN: 510284658
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$211,441

$73,102+189.2%

$123,552+71.1%

$56,287+275.6%

Participation rate

92.9%

74.3%+18.5pp

82.3%+10.6pp

69.9%+23.0pp

Annual return

-4.22%

3.01%-7.2pp

119.20%-123.4pp

-9.96%+5.7pp

Employer contribution / active EE

$6,795

$2,977+128.3%

$4,628+46.8%

$2,111+221.9%

Participant deferral / active EE

$8,124

$5,423+49.8%

$6,426+26.4%

$3,350+142.5%

Admin fee / account holder

$61

$554-88.9%

$9,285-99.3%

$521-88.2%

Provider

Service type

Compensation

HERITAGE PENSION ADVISORS, LLC4+ years

Filed as: HERITAGE ADMINISTRATIVE SVCS, LLC

Service code 13 · EIN 26-1662097

100 CROSSWAYS PARK WEST · WOODBURY, NY 11797

Contract Administrator

$22,477

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD GROUP, INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$6,340

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$5,518

MORRIS JAMES LLP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORRIS JAMES LLP 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