Retirement plan

THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN

Name: THE VAN WINKLE LAW FIRM - THE VAN WINKLE LAW FIRM PROFIT SHARING PLAN (2024) 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 2024

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$19.6M

+3.3% from 2023

Total participants

116

+2.7% from 2023

Average account balance

$172,288

+0.6% from 2023

Annual return

7.47%

+11.55 pp from 2023

Benchmarks

See 28,877 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,877 peers

Snapshot2024

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, LLC8 years Service code 26 · EIN 58-2592093	Advisory (Participants)	$49,462
TPC QUALIFIED PLANS LLC3 years Service code 15 · EIN 26-2312094	Recordkeeping	$9,430

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

$62K

$767 / participant

Recordkeeping$9K15.2%
Investment mgmt$53K84.8%

% of EOY assets

0.316%

all-in expense ratio

Categories reported

2 / 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

$172,288

$102,429+68.2%

$147,096+17.1%

$80,925+112.9%

Participation rate

97.5%

75.9%+21.7pp

82.2%+15.4pp

67.7%+29.9pp

Annual return

7.47%

135.02%-127.6pp

419.75%-412.3pp

35.65%-28.2pp

Employer contribution / active EE

$7,818

$3,716+110.4%

$4,936+58.4%

$2,756+183.6%

Participant deferral / active EE

$8,827

$6,649+32.8%

$8,071+9.4%

$4,299+105.3%

Admin fee / account holder

$545

$7,957-93.2%

$13,005-95.8%

$6,940-92.1%

Provider

Service type

Compensation

CAPITAL DIRECTIONS, LLC8 years

Service code 26 · EIN 58-2592093

Advisory (Participants)

$49,462

TPC QUALIFIED PLANS LLC3 years

Service code 15 · EIN 26-2312094

Recordkeeping

$9,430

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