Retirement plan

MOORE & VAN ALLEN PLLC 401(K) PROFIT SHARING PLAN

Name: MOORE & VAN ALLEN PLLC - MOORE & VAN ALLEN PLLC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: MOORE & VAN ALLEN PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOORE & VAN ALLEN PLLC 401(K) PROFIT SHARING PLAN, MOORE & VAN ALLEN PLLC

MOORE & VAN ALLEN PLLCEIN 56-0559307Plan #002PY 2021

100 NORTH TRYON STREET, SUITE 4700 - CHARLOTTE, NC 28202704-331-3570mvalaw.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$53.4M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$395.3M

+16.1% from 2020

Total participants

881

+6.7% from 2020

Average account balance

$469,476

+8.8% from 2020

Annual return

14.96%

-2.06 pp from 2020

Benchmarks

See 2,992 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,992 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$443.55M

Not enough data

1 years with asset history on file

Average account balance

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

$512K

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.

867

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$395

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 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC7+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 28 P.O. BOX 536850 · ATLANTA, GA 303536850	Investment Management	$157,194
NEWPORT GROUP, INC.6+ years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 75-3182674	Claims processing; Account maintenanc...	$137,981
NEWPORT GROUP, INC.6+ years Service code 12 · EIN 27-2037969	Participant loan processing; Recordke...	$78,454

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3B3D

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.
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

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

$374K

$571 / participant

Investment mgmt$157K42.1%
Contract admin$78K21.0%
Other / not subdivided$138K36.9%

% of EOY assets

0.095%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GREERWALKER LLP
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$469,476

$104,317+350.0%

$159,436+194.5%

$86,799+440.9%

Participation rate

94.0%

77.7%+16.3pp

82.8%+11.2pp

72.3%+21.8pp

Annual return

14.96%

26.32%-11.4pp

263.57%-248.6pp

97.91%-82.9pp

Employer contribution / active EE

$11,900

$3,451+244.9%

$4,829+146.4%

$2,405+394.7%

Participant deferral / active EE

$10,961

$6,837+60.3%

$7,352+49.1%

$4,131+165.3%

Admin fee / account holder

$444

$172+157.6%

$10,799-95.9%

$170+161.7%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC7+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 28

P.O. BOX 536850 · ATLANTA, GA 303536850

Investment Management

$157,194

NEWPORT GROUP, INC.6+ years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 75-3182674

Claims processing; Account maintenanc...

$137,981

NEWPORT GROUP, INC.6+ years

Service code 12 · EIN 27-2037969

Participant loan processing; Recordke...

$78,454

MOORE & VAN ALLEN PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOORE & VAN ALLEN PLLC 401(K) 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