Retirement plan

WYATT, TARRANT & COMBS, LLP PROFIT SHARING PLAN

Name: WYATT, TARRANT & COMBS, LLP - WYATT, TARRANT & COMBS, LLP PROFIT SHARING PLAN (2024) Form 5500
Creator: WYATT, TARRANT & COMBS, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WYATT, TARRANT & COMBS, LLP PROFIT SHARING PLAN, WYATT, TARRANT & COMBS, LLP

WYATT, TARRANT & COMBS, LLPEIN 61-0468003Plan #001PY 2024

400 WEST MARKET, SUITE 2000 - LOUISVILLE, KY 40202502-589-5235wyattfirm.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$125M

+5.5% from 2023

Total participants

250

-2.0% from 2023

Average account balance

$538,861

+10.1% from 2023

Annual return

16.16%

-1.77 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$125.02M

Not enough data

1 years with asset history on file

Average account balance

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

$539K

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.

232

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$50,000
DEAN DORTON ALLEN FORD, PLLC2 years Service code 10 · EIN 27-3858252	Accounting	$9,500
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,778
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	-$12,444

Plan features & details

Pension benefit codes2E2F2G2J2T3B2R

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.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$55K

$291 / participant

Investment mgmt$58K105.5%
Contract admin$1K2.2%

% of EOY assets

0.044%

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: DEAN DORTON ALLEN FORD PLLC
Auditor EIN: 273858252
Audit fees: $9,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$538,861

$101,672+430.0%

$147,117+266.3%

$74,478+623.5%

Participation rate

90.4%

75.5%+14.9pp

82.2%+8.2pp

67.2%+23.2pp

Annual return

16.16%

8757.83%-8741.7pp

420.54%-404.4pp

1370.56%-1354.4pp

Employer contribution / active EE

$8,933

$3,813+134.3%

$4,932+81.1%

$2,626+240.1%

Participant deferral / active EE

$8,435

$7,305+15.5%

$8,065+4.6%

$4,350+93.9%

Admin fee / account holder

$236

$1,753-86.5%

$12,993-98.2%

$1,946-87.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$50,000

DEAN DORTON ALLEN FORD, PLLC2 years

Service code 10 · EIN 27-3858252

Accounting

$9,500

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,778

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

-$12,444

WYATT, TARRANT & COMBS, LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WYATT, TARRANT & COMBS, LLP 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