Retirement plan

BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ RETIREMENT SAVINGS PLAN

Name: BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ P.C. - BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ RETIREMENT SAVINGS PLAN, BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ P.C.

BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ P.C.EIN 62-1047356Plan #002PY 2022

165 MADISON AVENUE 20TH FLOOR, FIRST TENNESSEE BUILDING - MEMPHIS, TN 38103901-526-2000LinkedIn1-10 employees

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$501.3M

-11.6% from 2016

Total participants

1,616

+1.3% from 2016

Average account balance

$312,160

-12.7% from 2016

Annual return

-15.95%

-7.20 pp from 2016

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$627.57M

Not enough data

1 years with asset history on file

Average account balance

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

$387K

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.

1,622

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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

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Service providers

Top 10 of 21 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES FINANCIAL, INC. Service code 27 · EIN 59-1517485	Advisory (Plan)	$211,569
EUDAIMONIA ADVISORS LLC3 years Service code 26 · EIN 84-2196366	Advisory (Participants)	$96,466
BUCKINGHAM STRATEGIC PARTNERS3 years Service code 26 · EIN 20-8307105	Advisory (Participants)	$45,180
RFG ADVISORY LLC3 years Service code 26 · EIN 45-2787436	Advisory (Participants)	$37,026
DELTA ASSET MANAGEMENT, LLC5 years Filed as: DELTA ASSET MANAGEMENT LLC Service code 26 · EIN 62-1855684	Advisory (Participants)	$29,339
SOUNDPATH INVESTMENT ADVISORS2 years Service code 26 · EIN 20-1847253	Advisory (Participants)	$24,842
MARINER LLC3 years Service code 26 · EIN 20-4553256	Advisory (Participants)	$15,898
BAY HARBOR WEALTH MANAGEMENT2 years Service code 26 · EIN 45-1032121	Advisory (Participants)	$15,745
BURLEIGH CONSULTING GROUP8+ years Service code 14 · EIN 62-0842964	Plan Administrator	$13,954
WADDELL & ASSOCIATES LLC3 years Service code 26 · EIN 81-1590945	Advisory (Participants)	$10,973

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$235K

$228 / participant

Investment mgmt$212K89.9%
Contract admin$10K4.1%
Other / not subdivided$14K5.9%

% of EOY assets

0.047%

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: BAKER TILLY US LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$312,160

$95,388+227.3%

$125,401+148.9%

$77,906+300.7%

Participation rate

99.0%

78.6%+20.4pp

82.4%+16.6pp

73.7%+25.3pp

Annual return

-15.95%

116.19%-132.1pp

572.53%-588.5pp

12.16%-28.1pp

Employer contribution / active EE

$14,497

$3,666+295.4%

$4,816+201.0%

$2,846+409.3%

Participant deferral / active EE

$12,379

$7,711+60.5%

$7,448+66.2%

$4,805+157.6%

Admin fee / account holder

$147

$119+23.3%

$10,008-98.5%

$133+10.5%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES FINANCIAL, INC.

Service code 27 · EIN 59-1517485

Advisory (Plan)

$211,569

EUDAIMONIA ADVISORS LLC3 years

Service code 26 · EIN 84-2196366

Advisory (Participants)

$96,466

BUCKINGHAM STRATEGIC PARTNERS3 years

Service code 26 · EIN 20-8307105

Advisory (Participants)

$45,180

RFG ADVISORY LLC3 years

Service code 26 · EIN 45-2787436

Advisory (Participants)

$37,026

DELTA ASSET MANAGEMENT, LLC5 years

Filed as: DELTA ASSET MANAGEMENT LLC

Service code 26 · EIN 62-1855684

Advisory (Participants)

$29,339

SOUNDPATH INVESTMENT ADVISORS2 years

Service code 26 · EIN 20-1847253

Advisory (Participants)

$24,842

MARINER LLC3 years

Service code 26 · EIN 20-4553256

Advisory (Participants)

$15,898

BAY HARBOR WEALTH MANAGEMENT2 years

Service code 26 · EIN 45-1032121

Advisory (Participants)

$15,745

BURLEIGH CONSULTING GROUP8+ years

Service code 14 · EIN 62-0842964

Plan Administrator

$13,954

WADDELL & ASSOCIATES LLC3 years

Service code 26 · EIN 81-1590945

Advisory (Participants)

$10,973

BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ RETIREMENT SAVINGS 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