Retirement plan

NOVARE CAPITAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: NOVARE CAPITAL MANAGEMENT, LLC - NOVARE CAPITAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: NOVARE CAPITAL MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NOVARE CAPITAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, NOVARE CAPITAL MANAGEMENT, LLC

NOVARE CAPITAL MANAGEMENT, LLCEIN 56-2170373Plan #001PY 2022

521 E. MOREHEAD ST., STE. 510 - CHARLOTTE, NC 28202704-334-3698novarecapital.comLinkedIn11-50 employeesinvestment management

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$8.1M

+34.0% from 2019

Total participants

+57.1% from 2019

Average account balance

$385,334

-10.7% from 2019

Annual return

-19.51%

-49.13 pp from 2019

Benchmarks

See 35,205 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.74M

Not enough data

1 years with asset history on file

Average account balance

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

$625K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$763K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+22.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9673

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$161K

$7668 / participant

Other / not subdivided$161K100.0%

% of EOY assets

1.990%

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

$385,334

$167,533+130.0%

$151,645+154.1%

$134,545+186.4%

Participation rate

95.2%

88.4%+6.9pp

87.5%+7.7pp

81.2%+14.0pp

Annual return

-19.51%

7.81%-27.3pp

3.34%-22.8pp

418.37%-437.9pp

Employer contribution / active EE

$11,443

$6,828+67.6%

$6,165+85.6%

$4,742+141.3%

Participant deferral / active EE

$20,321

$8,985+126.2%

$8,363+143.0%

$6,401+217.5%

Admin fee / account holder

$7,668

$13,781-44.4%

$11,614-34.0%

$11,431-32.9%

NOVARE CAPITAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NOVARE CAPITAL MANAGEMENT, LLC 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