Retirement plan

STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A. 401(K) PLAN

Name: STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A. - STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A. 401(K) PLAN (2023) Form 5500
Creator: STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A. 401(K) PLAN, STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A.

STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A.EIN 59-2126062Plan #002PY 2023

150 WEST FLAGLER STREET, SUITE 2200 - MIAMI, FL 331301557305-789-3200LinkedIn201-500 employees

Other plans on this EIN

1 filing

#003Retirement-$10.3M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$124.6M

+27.6% from 2022

Total participants

372

+14.5% from 2022

Average account balance

$368,666

+20.8% from 2022

Annual return

24.86%

+39.80 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$136.72M

Not enough data

1 years with asset history on file

Average account balance

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

$403K

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.

339

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$572

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
INGHAM & COMPANY9+ years Service code 13 · EIN 65-0170152	Contract Administrator	$133,389
NATIONAL FINANCIAL SERVICE9+ years Service code 19 · EIN 04-3523567	Securities Custodian	$23,907
RELIANCE TRUST COMPANY9+ years Filed as: RELIANCE TRUST CO. Service code 21 · EIN 58-1428634	Bank Trustee	$5,267

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

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

$532 / participant

Recordkeeping$69K42.6%
Trustee / custodial$29K18.1%
Investment mgmt$46K28.4%
Contract admin$18K10.9%

% of EOY assets

0.129%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$368,666

$95,417+286.4%

$135,974+171.1%

$74,460+395.1%

Participation rate

88.8%

78.2%+10.6pp

81.9%+6.9pp

70.7%+18.0pp

Annual return

24.86%

32.76%-7.9pp

68.30%-43.4pp

34.38%-9.5pp

Employer contribution / active EE

$8,281

$3,878+113.5%

$4,859+70.4%

$2,638+213.9%

Participant deferral / active EE

$12,192

$7,789+56.5%

$7,760+57.1%

$4,530+169.1%

Admin fee / account holder

$477

$266+79.3%

$10,767-95.6%

$348+37.2%

Provider

Service type

Compensation

INGHAM & COMPANY9+ years

Service code 13 · EIN 65-0170152

Contract Administrator

$133,389

NATIONAL FINANCIAL SERVICE9+ years

Service code 19 · EIN 04-3523567

Securities Custodian

$23,907

RELIANCE TRUST COMPANY9+ years

Filed as: RELIANCE TRUST CO.

Service code 21 · EIN 58-1428634

Bank Trustee

$5,267

STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A. 401(K) 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