Retirement plan

PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES OF CARLTON FIELDS

Name: CARLTON FIELDS, P.A. - PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES OF CARLTON FIELDS (2023) Form 5500
Creator: CARLTON FIELDS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES OF CARLTON FIELDS, CARLTON FIELDS, P.A.

CARLTON FIELDS, P.A.EIN 59-1233896Plan #002PY 2023

P.O. BOX 3239 - TAMPA, FL 336025300813-223-7000carltonfields.comLinkedIn501-1000 employeeslaw practice

Prospect flagsLow returnsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$278.7M

-10.5% from 2017

Total participants

942

+4.3% from 2017

Average account balance

$309,289

-14.4% from 2017

Annual return

-6.91%

-17.80 pp from 2017

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$315.68M

Not enough data

1 years with asset history on file

Average account balance

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

$347K

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.

909

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.7 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$93,000
BKS RETIREMENT SERVICES4 years Filed as: BKS FINANCIAL INVESTMENTS LLC Service code 28 · EIN 84-1921272	Investment Management	$32,000
CAPFINANCIAL PARTNERS LLC6 years Service code 28 · EIN 26-0058143	Investment Management	$32,000
ASSURANCE DIMENSIONS5 years Service code 10 · EIN 26-3429295	Accounting	$11,000
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.7 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$173K

$263 / participant

Investment mgmt$64K36.9%
Other / not subdivided$109K63.1%

% of EOY assets

0.062%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$309,289

$95,438+224.1%

$135,998+127.4%

$74,478+315.3%

Participation rate

93.8%

78.2%+15.6pp

81.9%+11.9pp

70.7%+23.0pp

Annual return

-6.91%

32.61%-39.5pp

68.37%-75.3pp

34.37%-41.3pp

Employer contribution / active EE

$2,855

$3,878-26.4%

$4,860-41.2%

$2,637+8.3%

Participant deferral / active EE

$12,090

$7,790+55.2%

$7,761+55.8%

$4,530+166.9%

Admin fee / account holder

$192

$259-25.6%

$10,769-98.2%

$347-44.5%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.7 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$93,000

BKS RETIREMENT SERVICES4 years

Filed as: BKS FINANCIAL INVESTMENTS LLC

Service code 28 · EIN 84-1921272

Investment Management

$32,000

CAPFINANCIAL PARTNERS LLC6 years

Service code 28 · EIN 26-0058143

Investment Management

$32,000

ASSURANCE DIMENSIONS5 years

Service code 10 · EIN 26-3429295

Accounting

$11,000

CHARLES SCHWAB & CO., INC.7 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.7 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES OF CARLTON FIELDS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING AND 401(K) PLAN FOR EMPLOYEES OF CARLTON FIELDS

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