Retirement plan

401(K) PROFIT SHARING PLAN AND TRUST OF WYATT EARLY HARRIS WHEELER LLP

Name: WYATT EARLY HARRIS WHEELER LLP - 401(K) PROFIT SHARING PLAN AND TRUST OF WYATT EARLY HARRIS WHEELER LLP (2021) Form 5500
Creator: WYATT EARLY HARRIS WHEELER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN AND TRUST OF WYATT EARLY HARRIS WHEELER LLP, WYATT EARLY HARRIS WHEELER LLP

WYATT EARLY HARRIS WHEELER LLPEIN 56-0710169Plan #001PY 2021

1912 EASTCHESTER DRIVE SUITE 400 - HIGH POINT, NC 27265336-884-4444wehwlaw.comLinkedIn11-50 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$17.7M

-1.0% from 2020

Total participants

+4.1% from 2020

Average account balance

$353,623

-6.9% from 2020

Annual return

11.72%

-4.03 pp from 2020

Benchmarks

See 27,003 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,003 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.35M

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

131.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$263K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+6.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$158875

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 codes2E2F2G2J2R2T3B

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.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$2.7M

$85070 / participant

Other / not subdivided$3M100.0%

% of EOY assets

15.396%

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

$353,623

$105,198+236.1%

$159,455+121.8%

$85,856+311.9%

Participation rate

96.9%

75.8%+21.1pp

82.8%+14.0pp

69.3%+27.6pp

Annual return

11.72%

45.08%-33.4pp

263.63%-251.9pp

318.58%-306.9pp

Employer contribution / active EE

$3,114

$3,319-6.2%

$4,830-35.5%

$2,565+21.4%

Participant deferral / active EE

$9,048

$5,946+52.2%

$7,353+23.1%

$3,952+129.0%

Admin fee / account holder

$54,445

$6,934+685.1%

$10,800+404.1%

$6,261+769.6%

401(K) PROFIT SHARING PLAN AND TRUST OF WYATT EARLY HARRIS WHEELER LLP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN AND TRUST OF WYATT EARLY HARRIS WHEELER LLP

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