Retirement plan

THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN

Name: THE VAN WINKLE LAW FIRM - THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN (2022) Form 5500
Creator: THE VAN WINKLE LAW FIRM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN, THE VAN WINKLE LAW FIRM

THE VAN WINKLE LAW FIRMEIN 56-1026015Plan #002PY 2022

11 NORTH MARKET STREET - ASHVILLE, NC 288012929828-258-2991vwlawfirm.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$20.6M

+2.2% from 2021

Total participants

112

+14.3% from 2021

Average account balance

$185,954

-10.7% from 2021

Annual return

7.45%

+0.15 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.67M

Not enough data

1 years with asset history on file

Average account balance

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

$229K

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+11.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$774

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
TPC QUALIFIED PLANS LLC1 year Service code 15 · EIN 26-2312094	Recordkeeping	$29,808
CAPITAL DIRECTIONS, LLC6 years Service code 26 · EIN 58-2592093	Advisory (Participants)	$13,263

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$57K

$748 / participant

Contract admin$57K100.0%

% of EOY assets

0.276%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DMJPS PLLC
Auditor EIN: 560570567
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$185,954

$82,674+124.9%

$125,381+48.3%

$68,486+171.5%

Participation rate

98.7%

75.1%+23.6pp

82.4%+16.3pp

67.9%+30.8pp

Annual return

7.45%

-5.97%+13.4pp

572.31%-564.9pp

-7.85%+15.3pp

Employer contribution / active EE

$9,062

$3,382+167.9%

$4,815+88.2%

$2,597+249.0%

Participant deferral / active EE

$7,878

$6,111+28.9%

$7,448+5.8%

$4,028+95.6%

Admin fee / account holder

$512

$6,277-91.8%

$10,007-94.9%

$5,404-90.5%

Provider

Service type

Compensation

TPC QUALIFIED PLANS LLC1 year

Service code 15 · EIN 26-2312094

Recordkeeping

$29,808

CAPITAL DIRECTIONS, LLC6 years

Service code 26 · EIN 58-2592093

Advisory (Participants)

$13,263

THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE VAN WINKLE LAW FIRM 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