Retirement plan

CLARK, PARTINGTON, HART & HART EMPLOYEES PROFIT SHARING PLAN AND TRUST

Name: CLARK, PARTINGTON, HART, LARRY, BOND & STACKHOUSE, P.A. - CLARK, PARTINGTON, HART & HART EMPLOYEES PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: CLARK, PARTINGTON, HART, LARRY, BOND & STACKHOUSE, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARK, PARTINGTON, HART & HART EMPLOYEES PROFIT SHARING PLAN AND TRUST, CLARK, PARTINGTON, HART, LARRY, BOND & STACKHOUSE, P.A.

CLARK, PARTINGTON, HART, LARRY, BOND & STACKHOUSE, P.A.EIN 59-1564790Plan #001PY 2020

125 EAST INTENDENCIA STREET, 4TH FLOOR - PENSACOLA, FL 32502850-434-9200LinkedIn1-10 employees

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$30.2M

+6.9% from 2019

Total participants

117

0.0% from 2019

Average account balance

$282,034

+9.9% from 2019

Annual return

11.26%

+13.89 pp from 2019

Benchmarks

See 26,422 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,422 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.22M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

105

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$667

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 3 by compensation

Provider	Service type	Compensation
LAMCO ADVISORY SERVICES1 year Filed as: LAMCO ADVISORY SERVICES, INC. Service code 26 · EIN 05-0462357	Advisory (Participants)	$45,265
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$25,939
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (individual); Trustee (bank, ...	$6,869

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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

Expense breakdown

Schedule H Part II

Admin total

$78K

$877 / participant

Investment mgmt$45K58.0%
Contract admin$26K33.2%
Other / not subdivided$7K8.8%

% of EOY assets

0.259%

all-in expense ratio

Categories reported

2 / 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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$282,034

$98,766+185.6%

$149,730+88.4%

$79,852+253.2%

Participation rate

88.8%

75.8%+13.0pp

82.5%+6.3pp

69.6%+19.1pp

Annual return

11.26%

27.43%-16.2pp

276.70%-265.4pp

31.72%-20.5pp

Employer contribution / active EE

$8,901

$3,217+176.7%

$4,645+91.6%

$2,471+260.2%

Participant deferral / active EE

$4,911

$5,681-13.6%

$6,843-28.2%

$3,740+31.3%

Admin fee / account holder

$730

$6,052-87.9%

$9,310-92.2%

$5,306-86.2%

Provider

Service type

Compensation

LAMCO ADVISORY SERVICES1 year

Filed as: LAMCO ADVISORY SERVICES, INC.

Service code 26 · EIN 05-0462357

Advisory (Participants)

$45,265

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$25,939

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (individual); Trustee (bank, ...

$6,869

CLARK, PARTINGTON, HART & HART EMPLOYEES PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARK, PARTINGTON, HART & HART EMPLOYEES PROFIT SHARING PLAN AND TRUST

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