Retirement plan

HORNTHAL, RILEY, ELLIS & MALAND ATTORNEYS AT LAW 401(K) PROFIT SHARING PLAN

Name: HORNTHAL, RILEY, ELLIS & MALAND, L.L.P. - HORNTHAL, RILEY, ELLIS & MALAND ATTORNEYS AT LAW 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: HORNTHAL, RILEY, ELLIS & MALAND, L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORNTHAL, RILEY, ELLIS & MALAND ATTORNEYS AT LAW 401(K) PROFIT SHARING PLAN, HORNTHAL, RILEY, ELLIS & MALAND, L.L.P.

HORNTHAL, RILEY, ELLIS & MALAND, L.L.P.EIN 56-1252437Plan #001PY 2024

301 E. MAIN STREET - ELIZABETH CITY, NC 27909252-335-0871hrem.comLinkedIn11-50 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$21.5M

+7.4% from 2023

Total participants

0.0% from 2023

Average account balance

$429,675

+7.4% from 2023

Annual return

18.20%

-2.85 pp from 2023

Benchmarks

See 28,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,910 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.48M

Not enough data

1 years with asset history on file

Average account balance

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

$430K

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.

172.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$597K

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

+18.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56092

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 codes2E2G2J3B3D

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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.8M

$96710 / participant

Other / not subdivided$3M100.0%

% of EOY assets

13.054%

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

$429,675

$102,382+319.7%

$147,005+192.3%

$80,874+431.3%

Participation rate

100.0%

75.8%+24.2pp

82.2%+17.8pp

67.6%+32.4pp

Annual return

18.20%

134.89%-116.7pp

418.76%-400.6pp

35.62%-17.4pp

Employer contribution / active EE

$16,958

$3,715+356.5%

$4,934+243.7%

$2,756+515.4%

Participant deferral / active EE

$3,631

$6,646-45.4%

$8,070-55.0%

$4,297-15.5%

Admin fee / account holder

$56,092

$7,942+606.2%

$13,006+331.3%

$6,935+708.8%

HORNTHAL, RILEY, ELLIS & MALAND ATTORNEYS AT LAW 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORNTHAL, RILEY, ELLIS & MALAND ATTORNEYS AT LAW 401(K) 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