Retirement plan

GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN

Name: GOODELL, DEVRIES, LEECH & DANN LLP - GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN (2020) Form 5500
Creator: GOODELL, DEVRIES, LEECH & DANN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN, GOODELL, DEVRIES, LEECH & DANN LLP

GOODELL, DEVRIES, LEECH & DANN LLPEIN 52-1571248Plan #004PY 2020

ONE SOUTH STREET - BALTIMORE, MD 21202410-783-7253gdldlaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$40.2M assets #003Retirement-$4.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.7M

+8.5% from 2019

Total participants

107

-0.9% from 2019

Average account balance

$170,742

+19.6% from 2019

Annual return

18.64%

-9.36 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.53M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

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.

137.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$610K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+3.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3004

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 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SVCS. Service code 27 · EIN 23-2384840	Advisory (Plan)	$29,467
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$28,722

Plan features & details

Pension benefit codes2F2G2J3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$58K

$710 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.348%

all-in expense ratio

Categories reported

0 / 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: ELLIN & TUCKER
Auditor EIN: 520959934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,742

$98,776+72.9%

$149,745+14.0%

$79,856+113.8%

Participation rate

89.0%

75.8%+13.2pp

82.5%+6.5pp

69.6%+19.4pp

Annual return

18.64%

27.38%-8.7pp

276.72%-258.1pp

31.71%-13.1pp

Employer contribution / active EE

$3,217-100.0%

$4,646-100.0%

$2,471-100.0%

Participant deferral / active EE

$7,353

$5,681+29.4%

$6,843+7.5%

$3,741+96.6%

Admin fee / account holder

$594

$6,053-90.2%

$9,312-93.6%

$5,306-88.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO CLEARING SVCS.

Service code 27 · EIN 23-2384840

Advisory (Plan)

$29,467

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$28,722

GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODELL, DEVRIES, LEECH & DANN LLP 401(K) FOR EQUITY PARTNERS & STAFF 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