Retirement plan

WYATT, TARRANT & COMBS, LLP PROFIT SHARING PLAN

Name: WYATT, TARRANT & COMBS, LLP - WYATT, TARRANT & COMBS, LLP PROFIT SHARING PLAN (2022) 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 2022

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)

$107.6M

-19.3% from 2021

Total participants

262

+3.6% from 2021

Average account balance

$435,534

-18.0% from 2021

Annual return

-14.44%

-30.03 pp from 2021

Benchmarks

See 5,988 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,988 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$50,000
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,297
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	-$1,883

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

$295 / participant

Investment mgmt$7K13.2%
Other / not subdivided$48K86.8%

% of EOY assets

0.052%

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: DEAN DORTON ALLEN FORD PLLC
Auditor EIN: 273858252
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$435,534

$84,482+415.5%

$125,363+247.4%

$66,930+550.7%

Participation rate

92.0%

76.4%+15.6pp

82.4%+9.6pp

69.8%+22.2pp

Annual return

-14.44%

-8.49%-6.0pp

572.15%-586.6pp

1.57%-16.0pp

Employer contribution / active EE

$8,592

$3,553+141.9%

$4,815+78.5%

$2,545+237.6%

Participant deferral / active EE

$9,870

$6,782+45.5%

$7,447+32.5%

$4,238+132.9%

Admin fee / account holder

$224

$685-67.2%

$10,005-97.8%

$593-62.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$50,000

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,297

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

-$1,883

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