Retirement plan

WILLCOX AND SAVAGE, P.C. ASSOCIATES 401K PLAN

Name: WILLCOX AND SAVAGE, P.C. - WILLCOX AND SAVAGE, P.C. ASSOCIATES 401K PLAN (2016) Form 5500
Creator: WILLCOX AND SAVAGE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLCOX AND SAVAGE, P.C. ASSOCIATES 401K PLAN, WILLCOX AND SAVAGE, P.C.

WILLCOX AND SAVAGE, P.C.EIN 54-0976999Plan #002PY 2016

440 MONTICELLO AVENUE, SUITE 2200 - NORFOLK, VA 23510757-628-5500willcoxsavage.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$57.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+7.5% from 2015

Total participants

+6.8% from 2015

Average account balance

$53,680

-1.8% from 2015

Annual return

9.23%

+9.60 pp from 2015

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.44M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$180K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12782

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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.

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

$190K

$9049 / participant

Other / not subdivided$190K100.0%

% of EOY assets

7.696%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,680

$135,956-60.5%

$123,894-56.7%

$273,972-80.4%

Participation rate

95.2%

84.1%+11.2pp

81.4%+13.8pp

83.0%+12.2pp

Annual return

9.23%

56.63%-47.4pp

47.52%-38.3pp

41.46%-32.2pp

Employer contribution / active EE

$5,170-100.0%

$4,617-100.0%

$4,869-100.0%

Participant deferral / active EE

$7,183

$6,343+13.2%

$5,984+20.0%

$5,287+35.9%

Admin fee / account holder

$4,131

$9,817-57.9%

$8,357-50.6%

$10,133-59.2%

WILLCOX AND SAVAGE, P.C. ASSOCIATES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLCOX AND SAVAGE, P.C. ASSOCIATES 401K 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