Retirement plan

WHITEFORD, TAYLOR & PRESTON MONEY PURCHASE PENSION PLAN AND TRUST

Name: WHITEFORD, TAYLOR & PRESTON, L.L.P. - WHITEFORD, TAYLOR & PRESTON MONEY PURCHASE PENSION PLAN AND TRUST (2024) Form 5500
Creator: WHITEFORD, TAYLOR & PRESTON, L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITEFORD, TAYLOR & PRESTON MONEY PURCHASE PENSION PLAN AND TRUST, WHITEFORD, TAYLOR & PRESTON, L.L.P.

WHITEFORD, TAYLOR & PRESTON, L.L.P.EIN 52-0619214Plan #002PY 2024

7 SAINT PAUL STREET, SUITE 1400 - BALTIMORE, MD 212021636410-347-8700whitefordlaw.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#003Retirement-$109.8M assets #004Retirement-$10.1M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$129.4M

+8.6% from 2023

Total participants

371

-2.6% from 2023

Average account balance

$348,687

+11.5% from 2023

Annual return

12.30%

-5.84 pp from 2023

Benchmarks

See 3,315 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,315 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$129.36M

Not enough data

1 years with asset history on file

Average account balance

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

$349K

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.

371

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

$3.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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

See the 10-year trajectory. $4.99 for your first month.

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

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
CURIO WEALTH1 year Filed as: CURIO WEALTH LLC Service code 28 · EIN 93-2822251	Investment Management	$21,986
AMERICAN UNITED LIFE INSURANCE CO4 years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$5,320
MATRIX TRUST COMPANY4 years Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2C2F2G2R2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$27K

$105 / participant

Recordkeeping$5K19.5%
Investment mgmt$22K80.5%

% of EOY assets

0.021%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ELLIN & TUCKER, CHARTERED
Auditor EIN: 520959934
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$348,687

$106,028+228.9%

$146,958+137.3%

$77,643+349.1%

Participation rate

100.0%

78.4%+21.6pp

82.2%+17.8pp

70.6%+29.4pp

Annual return

12.30%

56.73%-44.4pp

418.34%-406.0pp

31.24%-18.9pp

Employer contribution / active EE

$14,787

$4,063+263.9%

$4,933+199.8%

$2,726+442.5%

Participant deferral / active EE

$7,990-100.0%

$8,070-100.0%

$4,647-100.0%

Admin fee / account holder

$74

$337-78.2%

$12,998-99.4%

$430-82.9%

Provider

Service type

Compensation

CURIO WEALTH1 year

Filed as: CURIO WEALTH LLC

Service code 28 · EIN 93-2822251

Investment Management

$21,986

AMERICAN UNITED LIFE INSURANCE CO4 years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$5,320

MATRIX TRUST COMPANY4 years

Service code 19 · EIN 75-3182674

Securities Custodian

WHITEFORD, TAYLOR & PRESTON MONEY PURCHASE PENSION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITEFORD, TAYLOR & PRESTON MONEY PURCHASE PENSION PLAN AND TRUST

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