Retirement plan

THOMAS HOWELL FERGUSON, P.A. 401K PLAN

Name: THOMAS HOWELL FERGUSON, P.A. - THOMAS HOWELL FERGUSON, P.A. 401K PLAN (2024) Form 5500
Creator: THOMAS HOWELL FERGUSON, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOMAS HOWELL FERGUSON, P.A. 401K PLAN, THOMAS HOWELL FERGUSON, P.A.

THOMAS HOWELL FERGUSON, P.A.EIN 59-3186310Plan #001PY 2024

2615 CENTENNIAL BLVD., SUITE 200 - TALLAHASSEE, FL 32308850-668-8100LinkedIn1-10 employees

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.5M

+34.1% from 2023

Total participants

152

+6.3% from 2023

Average account balance

$149,020

+28.5% from 2023

Annual return

28.42%

+14.06 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.46M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

144

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+28.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$306

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 6 by compensation

Provider	Service type	Compensation
TNB FINANICAL SERVICES3 years Service code 27 320 N BROAD ST · THOMASVILLE, GA 31799	Advisory (Plan)	$9,814
TRUE NORTH ADVISORS3 years Service code 27 2039 CENTRE POINTE BLVD. · TALLAHASSE, FL 32308	Advisory (Plan)	$9,045
STEELE CAPITAL MANAGEMENT, INC.3 years Filed as: STEELE CAPITAL MANAGEMENT INC. Service code 27 1000 JACKSON ST · DUBUQUE, IA 520016820	Advisory (Plan)	$7,126
VEDDER PRICE2 years Filed as: THE VEDDER GROUP Service code 27 2039 CENTRE POINTE BLVD · TALLAHASSEE, FL 32308	Advisory (Plan)	$2,477
RETIREMENT SOLUTIONS SPECIALISTS3 years Service code 13 · EIN 27-0293282	Contract Administrator	$2,275
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,378

Plan features & details

Pension benefit codes3D2E2K2F2G2J2A2R

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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$44K

$373 / participant

Investment mgmt$28K64.5%
Contract admin$4K8.3%
Other / not subdivided$12K27.2%

% of EOY assets

0.205%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COULTER & JUSTUS
Auditor EIN: 621532536
Audit fees: $12,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,020

$101,653+46.6%

$147,080+1.3%

$74,459+100.1%

Participation rate

93.2%

75.6%+17.7pp

82.2%+11.0pp

67.2%+26.0pp

Annual return

28.42%

8754.98%-8726.6pp

420.17%-391.8pp

1369.70%-1341.3pp

Employer contribution / active EE

$4,463

$3,813+17.0%

$4,933-9.5%

$2,626+70.0%

Participant deferral / active EE

$7,270

$7,304-0.5%

$8,066-9.9%

$4,350+67.1%

Admin fee / account holder

$306

$1,752-82.5%

$12,989-97.6%

$1,945-84.3%

Provider

Service type

Compensation

TNB FINANICAL SERVICES3 years

Service code 27

320 N BROAD ST · THOMASVILLE, GA 31799

Advisory (Plan)

$9,814

TRUE NORTH ADVISORS3 years

Service code 27

2039 CENTRE POINTE BLVD. · TALLAHASSE, FL 32308

Advisory (Plan)

$9,045

STEELE CAPITAL MANAGEMENT, INC.3 years

Filed as: STEELE CAPITAL MANAGEMENT INC.

Service code 27

1000 JACKSON ST · DUBUQUE, IA 520016820

Advisory (Plan)

$7,126

VEDDER PRICE2 years

Filed as: THE VEDDER GROUP

Service code 27

2039 CENTRE POINTE BLVD · TALLAHASSEE, FL 32308

Advisory (Plan)

$2,477

RETIREMENT SOLUTIONS SPECIALISTS3 years

Service code 13 · EIN 27-0293282

Contract Administrator

$2,275

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,378

THOMAS HOWELL FERGUSON, P.A. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THOMAS HOWELL FERGUSON, P.A. 401K 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