Retirement plan

STITES & HARBISON, PLLC RESTATED SECURITY PLAN I

Name: STITES & HARBISON - STITES & HARBISON, PLLC RESTATED SECURITY PLAN I (2024) Form 5500
Creator: STITES & HARBISON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STITES & HARBISON, PLLC RESTATED SECURITY PLAN I, STITES & HARBISON

STITES & HARBISONEIN 61-0680249Plan #001PY 2024

400 WEST MARKET STREET, SUITE 1800 - LOUISVILLE, KY 402023352502-587-3400stites.comLinkedIn201-500 employeeslaw practice

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$183.6M

+7.8% from 2023

Total participants

490

+8.2% from 2023

Average account balance

$377,003

+0.3% from 2023

Annual return

13.06%

-4.64 pp from 2023

Benchmarks

See 3,310 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$183.60M

Not enough data

1 years with asset history on file

Average account balance

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

$377K

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.

487

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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
CAPFINANCIAL PARTNERS LLC3 years Service code 27 PO BOX 60071 · RALEIGH, NC 27675	Advisory (Plan)	$55,000
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE RPS INC. Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$52,590
CROWE LLP7 years Service code 10 · EIN 35-0921680 PO BOX 71570 · CHICAGO, IL 60694	Accounting	$30,592
ASCENSUS LLC9 years Filed as: RETIREMENT MANAGEMENT SERVICES, LLC Service code 14 905 LILY CREEK ROAD · LOUISVILLE, KY 40243	Plan Administrator	$7,860

Plan features & details

Pension benefit codes2E2F2G2J2R2S3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$146K

$452 / participant

Recordkeeping$35K23.9%
Investment mgmt$63K43.0%
Other / not subdivided$48K33.1%

% of EOY assets

0.080%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: $30,592
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$377,003

$106,110+255.3%

$147,005+156.5%

$77,671+385.4%

Participation rate

99.1%

78.4%+20.7pp

82.2%+16.9pp

70.6%+28.5pp

Annual return

13.06%

56.77%-43.7pp

418.76%-405.7pp

31.21%-18.1pp

Employer contribution / active EE

$7,843

$4,065+93.0%

$4,934+59.0%

$2,726+187.7%

Participant deferral / active EE

$10,383

$7,992+29.9%

$8,070+28.7%

$4,648+123.4%

Admin fee / account holder

$300

$338-11.2%

$13,006-97.7%

$430-30.3%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC3 years

Service code 27

PO BOX 60071 · RALEIGH, NC 27675

Advisory (Plan)

$55,000

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE RPS INC.

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$52,590

CROWE LLP7 years

Service code 10 · EIN 35-0921680

PO BOX 71570 · CHICAGO, IL 60694

Accounting

$30,592

ASCENSUS LLC9 years

Filed as: RETIREMENT MANAGEMENT SERVICES, LLC

Service code 14

905 LILY CREEK ROAD · LOUISVILLE, KY 40243

Plan Administrator

$7,860

STITES & HARBISON, PLLC RESTATED SECURITY PLAN I

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STITES & HARBISON, PLLC RESTATED SECURITY PLAN I

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