Retirement plan

BROOKS PIERCE RETIREMENT AND SAVINGS PLAN

Name: BROOKS PIERCE MCLENDON HUMPHREY & LEONARD, LLP - BROOKS PIERCE RETIREMENT AND SAVINGS PLAN (2020) Form 5500
Creator: BROOKS PIERCE MCLENDON HUMPHREY & LEONARD, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROOKS PIERCE RETIREMENT AND SAVINGS PLAN, BROOKS PIERCE MCLENDON HUMPHREY & LEONARD, LLP

BROOKS PIERCE MCLENDON HUMPHREY & LEONARD, LLPEIN 56-0561489Plan #001PY 2020

P O BOX 26000 - GREENSBORO, NC 274206000336-373-8850brookspierce.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$134.7M

+10.9% from 2019

Total participants

203

+3.0% from 2019

Average account balance

$663,752

+7.6% from 2019

Annual return

13.20%

-7.72 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$154.74M

Not enough data

1 years with asset history on file

Average account balance

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

$650K

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.

238

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.49M

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$611

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 2 by compensation

Provider	Service type	Compensation
DAVENPORT & COMPANY LLC6+ years Service code 26 628 GREEN VALLEY ROAD SUITE 410 · GREENSBORO, NC 27408	Advisory (Participants)	$40,000
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSMUTUAL Service code 13 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 011110001	Contract Administrator	$10,649

Plan features & details

Pension benefit codes2E2G2J3B

Plan features

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$51K

$311 / participant

Investment mgmt$40K79.0%
Contract admin$11K21.0%

% of EOY assets

0.038%

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: APRIO, LLP
Auditor EIN: 571157523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$663,752

$99,957+564.0%

$149,730+343.3%

$73,493+803.2%

Participation rate

100.0%

75.7%+24.3pp

82.5%+17.5pp

70.7%+29.3pp

Annual return

13.20%

53.87%-40.7pp

276.70%-263.5pp

28.51%-15.3pp

Employer contribution / active EE

$14,529

$3,191+355.3%

$4,645+212.8%

$2,270+540.0%

Participant deferral / active EE

$11,808

$6,073+94.5%

$6,843+72.6%

$3,740+215.8%

Admin fee / account holder

$250

$551-54.7%

$9,310-97.3%

$513-51.4%

Provider

Service type

Compensation

DAVENPORT & COMPANY LLC6+ years

Service code 26

628 GREEN VALLEY ROAD SUITE 410 · GREENSBORO, NC 27408

Advisory (Participants)

$40,000

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSMUTUAL

Service code 13 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 011110001

Contract Administrator

$10,649

BROOKS PIERCE RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROOKS PIERCE RETIREMENT AND SAVINGS 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