Retirement plan

HUNTER, MACLEAN, EXLEY & DUNN, P. C. 401(K) PROFIT SHARING PLAN

Name: HUNTER, MACLEAN, EXLEY & DUNN, P.C. - HUNTER, MACLEAN, EXLEY & DUNN, P. C. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: HUNTER, MACLEAN, EXLEY & DUNN, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUNTER, MACLEAN, EXLEY & DUNN, P. C. 401(K) PROFIT SHARING PLAN, HUNTER, MACLEAN, EXLEY & DUNN, P.C.

HUNTER, MACLEAN, EXLEY & DUNN, P.C.EIN 58-2211993Plan #001PY 2020

200 EAST ST. JULIAN STREET - SAVANNAH, GA 31401912-236-0261LinkedIn11-50 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$36M

-6.9% from 2019

Total participants

182

+4.0% from 2019

Average account balance

$209,345

-10.2% from 2019

Annual return

9.22%

-10.99 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.02M

Not enough data

1 years with asset history on file

Average account balance

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

$336K

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.

131

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$435

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
SUNTRUST BANKS, INC.6+ years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308	Bank Trustee	$105,304
TJS DEEMER DANA LLP6+ years Service code 10 118 PARK OF COMMERCE DRIVE · SAVANNAH, GA 31405	Accounting	$15,000
CANNON FINANCIAL STRATEGISTS, INC.1 year Filed as: CANNON FINANCIAL STRATEGISTS INC. Service code 27 649-8 S MILLEDGE AVE · ATHENS, GA 30605	Advisory (Plan)	$14,393
TD AMERITRADE, INC.6+ years Service code 33 200 S 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$375

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D

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.
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.
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

3 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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$135K

$1236 / participant

Contract admin$135K100.0%

% of EOY assets

0.374%

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: TJS DEEMER DANA LLP
Auditor EIN: 582663273
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,345

$99,957+109.4%

$149,730+39.8%

$73,493+184.9%

Participation rate

90.8%

75.7%+15.1pp

82.5%+8.3pp

70.7%+20.1pp

Annual return

9.22%

53.87%-44.7pp

276.70%-267.5pp

28.51%-19.3pp

Employer contribution / active EE

$6,695

$3,191+109.8%

$4,645+44.1%

$2,270+194.9%

Participant deferral / active EE

$8,549

$6,073+40.8%

$6,843+24.9%

$3,740+128.6%

Admin fee / account holder

$783

$551+42.3%

$9,310-91.6%

$513+52.7%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.6+ years

Service code 21

303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308

Bank Trustee

$105,304

TJS DEEMER DANA LLP6+ years

Service code 10

118 PARK OF COMMERCE DRIVE · SAVANNAH, GA 31405

Accounting

$15,000

CANNON FINANCIAL STRATEGISTS, INC.1 year

Filed as: CANNON FINANCIAL STRATEGISTS INC.

Service code 27

649-8 S MILLEDGE AVE · ATHENS, GA 30605

Advisory (Plan)

$14,393

TD AMERITRADE, INC.6+ years

Service code 33

200 S 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$375

HUNTER, MACLEAN, EXLEY & DUNN, P. C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUNTER, MACLEAN, EXLEY & DUNN, P. C. 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