Retirement plan

WILLIAMS MULLEN CLARK & DOBBINS 401(K) RETIREMENT PLAN

Name: WILLIAMS MULLEN CLARK & DOBBINS P.C. - WILLIAMS MULLEN CLARK & DOBBINS 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: WILLIAMS MULLEN CLARK & DOBBINS P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAMS MULLEN CLARK & DOBBINS 401(K) RETIREMENT PLAN, WILLIAMS MULLEN CLARK & DOBBINS P.C.

WILLIAMS MULLEN CLARK & DOBBINS P.C.EIN 54-1246519Plan #003PY 2020

200 SOUTH 10TH STREET - RICHMOND, VA 23219804-643-1991LinkedIn501-1000 employeeslegal services

Other plans on this EIN

3 filings

#006Retirement-$4.6M assets #005Retirement-$4.5M assets #004Retirement--

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$246M

-3.8% from 2016

Total participants

516

+0.9% from 2016

Average account balance

$479,565

-4.2% from 2016

Annual return

21.78%

-6.88 pp from 2016

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$283.61M

Not enough data

1 years with asset history on file

Average account balance

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

$527K

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.

538

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

$11.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+15.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$285

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 3 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.6+ years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308	Bank Trustee	$135,455
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR Service code 16 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Consulting	$79,429
BKD, LLP6+ years Filed as: DIXON HUGHS GOODMAN, LLP Service code 10 440 MONTICELLO AVE STE 1400 · NORFOLK, VA 23510	Accounting	$11,700

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$227K

$640 / participant

Contract admin$227K100.0%

% of EOY assets

0.092%

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: DIXON HUGHES GOODMAN
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$479,565

$100,801+375.8%

$149,751+220.2%

$73,415+553.2%

Participation rate

99.2%

77.7%+21.5pp

82.5%+16.7pp

72.2%+27.0pp

Annual return

21.78%

265.34%-243.6pp

276.71%-254.9pp

59.30%-37.5pp

Employer contribution / active EE

$13,846

$3,312+318.1%

$4,646+198.0%

$2,234+519.9%

Participant deferral / active EE

$12,009

$6,404+87.5%

$6,843+75.5%

$3,806+215.5%

Admin fee / account holder

$442

$181+144.3%

$9,312-95.3%

$158+179.7%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.6+ years

Service code 21

303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308

Bank Trustee

$135,455

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR

Service code 16

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Consulting

$79,429

BKD, LLP6+ years

Filed as: DIXON HUGHS GOODMAN, LLP

Service code 10

440 MONTICELLO AVE STE 1400 · NORFOLK, VA 23510

Accounting

$11,700

WILLIAMS MULLEN CLARK & DOBBINS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAMS MULLEN CLARK & DOBBINS 401(K) RETIREMENT 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