Retirement plan

EMPLOYEE BENEFIT PLAN OF WIMBERLY LAWSON WRIGHT DAVES & JONES, PLLC

Name: WIMBERLY LAWSON WRIGHT DAVES JONES, PLLC - EMPLOYEE BENEFIT PLAN OF WIMBERLY LAWSON WRIGHT DAVES & JONES, PLLC (2024) Form 5500
Creator: WIMBERLY LAWSON WRIGHT DAVES JONES, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF WIMBERLY LAWSON WRIGHT DAVES & JONES, PLLC, WIMBERLY LAWSON WRIGHT DAVES JONES, PLLC

WIMBERLY LAWSON WRIGHT DAVES JONES, PLLCEIN 62-1684580Plan #001PY 2024

550 W MAIN ST STE 900 - KNOXVILLE, TN 379022552865-546-1000LinkedIn1-10 employeeslegal services

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$7.4M

+0.5% from 2023

Total participants

-19.3% from 2023

Average account balance

$165,172

+16.2% from 2023

Annual return

10.08%

-1.53 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.43M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

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.

214.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18107

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2J2T

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$815K

$38801 / participant

Other / not subdivided$815K100.0%

% of EOY assets

10.962%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,172

$160,040+3.2%

$147,096+12.3%

$145,877+13.2%

Participation rate

95.2%

84.0%+11.2pp

82.2%+13.1pp

80.3%+14.9pp

Annual return

10.08%

98.49%-88.4pp

419.75%-409.7pp

551.28%-541.2pp

Employer contribution / active EE

$5,289-100.0%

$4,936-100.0%

$4,663-100.0%

Participant deferral / active EE

$5,148

$8,429-38.9%

$8,071-36.2%

$6,691-23.0%

Admin fee / account holder

$18,107

$15,050+20.3%

$13,005+39.2%

$13,402+35.1%

EMPLOYEE BENEFIT PLAN OF WIMBERLY LAWSON WRIGHT DAVES & JONES, PLLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF WIMBERLY LAWSON WRIGHT DAVES & JONES, PLLC

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