Retirement plan

THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN

Name: THE VAN WINKLE LAW FIRM - THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$19M

-7.9% from 2022

Total participants

113

+0.9% from 2022

Average account balance

$171,281

-7.9% from 2022

Annual return

-4.08%

-11.53 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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
CAPITAL DIRECTIONS, LLC7 years Service code 26 · EIN 58-2592093	Advisory (Participants)	$55,128
TPC QUALIFIED PLANS LLC2 years Service code 15 · EIN 26-2312094	Recordkeeping	$11,389

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$87K

$1062 / participant

Investment mgmt$87K100.0%

% of EOY assets

0.458%

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 PPLC
Auditor EIN: 560570567
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,281

$93,598+83.0%

$135,974+26.0%

$75,173+127.8%

Participation rate

97.6%

75.2%+22.4pp

81.9%+15.6pp

67.2%+30.4pp

Annual return

-4.08%

30.89%-35.0pp

68.30%-72.4pp

160.72%-164.8pp

Employer contribution / active EE

$9,656

$3,538+172.9%

$4,859+98.7%

$2,671+261.5%

Participant deferral / active EE

$7,957

$6,405+24.2%

$7,760+2.5%

$4,126+92.8%

Admin fee / account holder

$785

$6,978-88.8%

$10,767-92.7%

$5,651-86.1%

Provider

Service type

Compensation

CAPITAL DIRECTIONS, LLC7 years

Service code 26 · EIN 58-2592093

Advisory (Participants)

$55,128

TPC QUALIFIED PLANS LLC2 years

Service code 15 · EIN 26-2312094

Recordkeeping

$11,389

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