Retirement plan

SEMMES, BOWEN & SEMMES PENSION PLAN

Name: SEMMES, BOWEN & SEMMES - SEMMES, BOWEN & SEMMES PENSION PLAN (2017) Form 5500
Creator: SEMMES, BOWEN & SEMMES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEMMES, BOWEN & SEMMES PENSION PLAN, SEMMES, BOWEN & SEMMES

SEMMES, BOWEN & SEMMESEIN 52-1955555Plan #001PY 2017

25 SOUTH CHARLES STREET, SUITE 1400 - BALTIMORE, MD 21201410-576-4801semmes.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$13.3M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$36.3M

+8.2% from 2016

Total participants

212

+1.9% from 2016

Average account balance

$175,421

+7.1% from 2016

Annual return

16.02%

+8.47 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.18M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

192

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$920K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$827

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
WILMINGTON TRUST2 years Filed as: WILMINGTON TRUST, N.A. Service code 19 · EIN 16-1486454 1100 NORTH MARKET STREET · WILMINGTON, DE 198900001	Securities Custodian	$37,767
C.S. MCKEE, L.P.2 years Service code 27 · EIN 25-1900687 ONE GATEWAY CENTER · PITTSBURGH, PA 15222	Advisory (Plan)	$31,944
GALLAGHER FIDUCIARY ADVISORS, LLC3+ years Service code 27 · EIN 36-4291971 310 GRANT STREET · PITTSBURGH, PA 15219	Advisory (Plan)	$31,650
COASTAL PENSION SERVICES1 year Filed as: COASTAL PENSION SERVICES, INC. Service code 17 · EIN 52-1053785 7230 LEE DEFOREST DRIVE · COLUMBIA, MD 21046	Pension Consulting	$23,125
MCLEAN, KOEHLER, SPARKS & HAMMOND3+ years Filed as: MCLEAN,KOEHLER, SPARKS & HAMMOND Service code 10 · EIN 52-0547375 11311 MCCORMICK ROAD · HUNT VALLEY, MD 21031	Accounting	$21,140
SMITH & HOWARD, PC2 years Filed as: SMITH & DOWNEY, P.A. Service code 29 · EIN 52-1839270 320 E. TOWNSONTOWN BOULEVARD · BALTIMORE, MD 21286	Legal	$351

Plan features & details

Pension benefit codes2A2C

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$170K

$1242 / participant

Investment mgmt$88K51.8%
Contract admin$44K26.0%
Other / not subdivided$38K22.2%

% of EOY assets

0.469%

all-in expense ratio

Categories reported

2 / 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: MCLEAN, KOEHLER, SPARKS & HAMMOND
Auditor EIN: 520547375
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$175,421

$80,753+117.2%

$136,298+28.7%

$62,293+181.6%

Participation rate

96.4%

73.5%+22.8pp

81.9%+14.4pp

69.5%+26.8pp

Annual return

16.02%

35.83%-19.8pp

5156.27%-5140.3pp

28.90%-12.9pp

Employer contribution / active EE

$7,060

$2,884+144.8%

$4,696+50.3%

$2,042+245.7%

Participant deferral / active EE

$5,164-100.0%

$6,247-100.0%

$3,169-100.0%

Admin fee / account holder

$822

$525+56.4%

$9,244-91.1%

$479+71.5%

Provider

Service type

Compensation

WILMINGTON TRUST2 years

Filed as: WILMINGTON TRUST, N.A.

Service code 19 · EIN 16-1486454

1100 NORTH MARKET STREET · WILMINGTON, DE 198900001

Securities Custodian

$37,767

C.S. MCKEE, L.P.2 years

Service code 27 · EIN 25-1900687

ONE GATEWAY CENTER · PITTSBURGH, PA 15222

Advisory (Plan)

$31,944

GALLAGHER FIDUCIARY ADVISORS, LLC3+ years

Service code 27 · EIN 36-4291971

310 GRANT STREET · PITTSBURGH, PA 15219

Advisory (Plan)

$31,650

COASTAL PENSION SERVICES1 year

Filed as: COASTAL PENSION SERVICES, INC.

Service code 17 · EIN 52-1053785

7230 LEE DEFOREST DRIVE · COLUMBIA, MD 21046

Pension Consulting

$23,125

MCLEAN, KOEHLER, SPARKS & HAMMOND3+ years

Filed as: MCLEAN,KOEHLER, SPARKS & HAMMOND

Service code 10 · EIN 52-0547375

11311 MCCORMICK ROAD · HUNT VALLEY, MD 21031

Accounting

$21,140

SMITH & HOWARD, PC2 years

Filed as: SMITH & DOWNEY, P.A.

Service code 29 · EIN 52-1839270

320 E. TOWNSONTOWN BOULEVARD · BALTIMORE, MD 21286

Legal

$351

SEMMES, BOWEN & SEMMES PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEMMES, BOWEN & SEMMES PENSION 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