Retirement plan

GENTRY, LOCKE, RAKES & MOORE, LLP CASH OR DEFERRED PROFIT SHARING PLAN

Name: GENTRY, LOCKE, RAKES & MOORE, LLP - GENTRY, LOCKE, RAKES & MOORE, LLP CASH OR DEFERRED PROFIT SHARING PLAN (2015) Form 5500
Creator: GENTRY, LOCKE, RAKES & MOORE, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENTRY, LOCKE, RAKES & MOORE, LLP CASH OR DEFERRED PROFIT SHARING PLAN, GENTRY, LOCKE, RAKES & MOORE, LLP

GENTRY, LOCKE, RAKES & MOORE, LLPEIN 54-0540718Plan #001PY 2015

P.O. BOX 40013 - ROANOKE, VA 24022540-983-9300

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.1M

No prior year

Total participants

158

No prior year

Average account balance

$177,420

No prior year

Annual return

3.10%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.94M

Not enough data

1 years with asset history on file

Average account balance

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

$236K

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.

203

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+20.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$377

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 7 by compensation

Provider	Service type	Compensation
LAMON & STERN INC1+ years Filed as: LAMON AND STERN Service code 55	Other Commissions	$40,985
PENSION FINANCIAL SERVICES, INC.1+ years Service code 13 3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096	Contract Administrator	$21,164
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 COMPANY · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,343
IRON-CO-FID-COMPREHENSIVE1+ years Filed as: IRON HOLDINGS LLC Service code 27 630 DUNDEE ROAD, SUITE 200 · NORTHBROOK, IL 60062	Advisory (Plan)	$10,942
ANDERSON & REED, LLP1+ years Service code 10 1515 FRANKLIN RD SW · ROANOKE, VA 24016	Accounting	$10,257
PENSION FINANCIAL SERVICES, INC.1+ years Filed as: PENSION FINANCIAL SERVICES INC Service code 13	Contract Administrator	$10,000
LAMON & STERN INC1+ years Filed as: LAMON AND STERN INC Service code 26 1950 N PARK PL, SUITE 100 · ATLANTA, GA 30339	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2G2J2K2R2T3B3D

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).
2E
Profit-sharing
Profit-sharing plan.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$62K

$477 / participant

Investment mgmt$33K52.8%
Other / not subdivided$29K47.2%

% of EOY assets

0.228%

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: ANDERSON & REED, LLP
Auditor EIN: 540617257
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$177,420

$70,002+153.5%

$115,037+54.2%

$52,331+239.0%

Participation rate

96.2%

72.1%+24.0pp

81.4%+14.8pp

68.1%+28.0pp

Annual return

3.10%

4.04%-0.9pp

26.14%-23.0pp

4.54%-1.4pp

Employer contribution / active EE

$7,665

$2,715+182.3%

$4,608+66.4%

$1,882+307.4%

Participant deferral / active EE

$5,919

$4,920+20.3%

$6,026-1.8%

$3,022+95.8%

Admin fee / account holder

$405

$566-28.4%

$8,175-95.0%

$592-31.5%

Provider

Service type

Compensation

LAMON & STERN INC1+ years

Filed as: LAMON AND STERN

Service code 55

Other Commissions

$40,985

PENSION FINANCIAL SERVICES, INC.1+ years

Service code 13

3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096

Contract Administrator

$21,164

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

COMPANY · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,343

IRON-CO-FID-COMPREHENSIVE1+ years

Filed as: IRON HOLDINGS LLC

Service code 27

630 DUNDEE ROAD, SUITE 200 · NORTHBROOK, IL 60062

Advisory (Plan)

$10,942

ANDERSON & REED, LLP1+ years

Service code 10

1515 FRANKLIN RD SW · ROANOKE, VA 24016

Accounting

$10,257

PENSION FINANCIAL SERVICES, INC.1+ years

Filed as: PENSION FINANCIAL SERVICES INC

Service code 13

Contract Administrator

$10,000

LAMON & STERN INC1+ years

Filed as: LAMON AND STERN INC

Service code 26

1950 N PARK PL, SUITE 100 · ATLANTA, GA 30339

Advisory (Participants)

GENTRY, LOCKE, RAKES & MOORE, LLP CASH OR DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENTRY, LOCKE, RAKES & MOORE, LLP CASH OR DEFERRED 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