Retirement plan

LAW OFFICES OF JAMES SCOTT FARRIN, P.C. 401(K) PROFIT SHARING PLAN

Name: LAW OFFICES OF JAMES SCOTT FARRIN, P.C. - LAW OFFICES OF JAMES SCOTT FARRIN, P.C. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: LAW OFFICES OF JAMES SCOTT FARRIN, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAW OFFICES OF JAMES SCOTT FARRIN, P.C. 401(K) PROFIT SHARING PLAN, LAW OFFICES OF JAMES SCOTT FARRIN, P.C.

LAW OFFICES OF JAMES SCOTT FARRIN, P.C.EIN 56-2046742Plan #001PY 2016

280 SOUTH MANGUM STREET, SUITE 400 - DURHAM, NC 27701800-220-7321LinkedIn1-10 employeeshospital & health care

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed February 24, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$5.3M

+23.4% from 2015

Total participants

182

+14.5% from 2015

Average account balance

$35,212

+2.0% from 2015

Annual return

10.41%

+11.63 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.88M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

301

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY INSURANCE SERVICES Service code 55 1 NEW YORK PLAZA, 12TH FLOOR · NEW YORK, NY 10004	Other Commissions	$12,866
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIFE AND ANNUITY INS CO Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,573
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632 3737 GLENWOOD AVE, SUITE 320 · RALEIGH, NC 27612	Advisory (Plan)	$11,993
PENTEGRA SERVICES, INC.2+ years Filed as: PENTEGRA SERVICES INC. Service code 13 6830 COMMERCE CT DR · BLACKLICK, OH 430049297	Contract Administrator	$6,867

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$173 / participant

Investment mgmt$27K100.0%

% of EOY assets

0.510%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BATCHELOR TILLERY & ROBERTS, LLP
Auditor EIN: 561750124
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,212

$75,183-53.2%

$123,894-71.6%

$55,167-36.2%

Participation rate

79.5%

72.8%+6.7pp

81.4%-1.9pp

69.0%+10.5pp

Annual return

10.41%

19.01%-8.6pp

47.52%-37.1pp

169.23%-158.8pp

Employer contribution / active EE

$1,231

$2,823-56.4%

$4,617-73.3%

$1,963-37.3%

Participant deferral / active EE

$3,066

$5,084-39.7%

$5,984-48.8%

$3,054+0.4%

Admin fee / account holder

$180

$663-72.9%

$8,357-97.8%

$504-64.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY INSURANCE SERVICES

Service code 55

1 NEW YORK PLAZA, 12TH FLOOR · NEW YORK, NY 10004

Other Commissions

$12,866

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIFE AND ANNUITY INS CO

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,573

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4310632

3737 GLENWOOD AVE, SUITE 320 · RALEIGH, NC 27612

Advisory (Plan)

$11,993

PENTEGRA SERVICES, INC.2+ years

Filed as: PENTEGRA SERVICES INC.

Service code 13

6830 COMMERCE CT DR · BLACKLICK, OH 430049297

Contract Administrator

$6,867

LAW OFFICES OF JAMES SCOTT FARRIN, P.C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAW OFFICES OF JAMES SCOTT FARRIN, P.C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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