Retirement plan

BURR & FORMAN LLP PROFIT SHARING PLAN

Name: BURR & FORMAN LLP - BURR & FORMAN LLP PROFIT SHARING PLAN (2017) Form 5500
Creator: BURR & FORMAN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURR & FORMAN LLP PROFIT SHARING PLAN, BURR & FORMAN LLP

BURR & FORMAN LLPEIN 63-0322727Plan #001PY 2017

420 NORTH 20TH STREET, SUITE 3400 - BIRMINGHAM, AL 352035206205-251-3000burr.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$3.9M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$168.9M

-10.0% from 2016

Total participants

657

-18.8% from 2016

Average account balance

$301,018

-6.4% from 2016

Annual return

17.45%

-8.81 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$399.40M

Not enough data

1 years with asset history on file

Average account balance

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

$501K

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.

798

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+18.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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 8 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$56,106
CAPFINANCIAL PARTNERS LLC3+ years Service code 27 · EIN 45-0479693	Advisory (Plan)	$44,103
BRIDGEWORTH LLC1 year Filed as: BRIDGEWORTH FINANCIAL, LLC Service code 27 · EIN 26-3162378	Advisory (Plan)	$28,835
WELCH HORNSBY & WELCH INC3+ years Filed as: WELCH HORNSBY & WELCH INC. Service code 27 · EIN 63-0969069	Advisory (Plan)	$26,040
STIFEL NICOLAUS & CO INC1 year Service code 27 · EIN 99-9999998	Advisory (Plan)	$25,033
THE WELCH GROUP3+ years Service code 27 · EIN 63-1231262	Advisory (Plan)	$11,890
BHK INVESTMENT ADVISORS, LLC1 year Filed as: BHK INVESTMENT ADVISORS Service code 27 · EIN 20-2460078	Advisory (Plan)	$6,356
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND F JAMES FINANCIAL ADVISORS Service code 27 · EIN 59-1517485	Advisory (Plan)	$6,216

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$330K

$671 / participant

Other / not subdivided$330K100.0%

% of EOY assets

0.196%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KASSOUF & CO.
Auditor EIN: 650590670
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$301,018

$155,795+93.2%

$136,298+120.9%

$69,634+332.3%

Participation rate

80.5%

75.2%+5.2pp

81.9%-1.4pp

70.7%+9.8pp

Annual return

17.45%

232464.33%-232446.9pp

5156.27%-5138.8pp

27572.26%-27554.8pp

Employer contribution / active EE

$12,785

$2,991+327.4%

$4,696+172.3%

$2,032+529.1%

Participant deferral / active EE

$8,202

$5,394+52.1%

$6,247+31.3%

$3,224+154.4%

Admin fee / account holder

$589

$128+359.0%

$9,244-93.6%

$110+433.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$56,106

CAPFINANCIAL PARTNERS LLC3+ years

Service code 27 · EIN 45-0479693

Advisory (Plan)

$44,103

BRIDGEWORTH LLC1 year

Filed as: BRIDGEWORTH FINANCIAL, LLC

Service code 27 · EIN 26-3162378

Advisory (Plan)

$28,835

WELCH HORNSBY & WELCH INC3+ years

Filed as: WELCH HORNSBY & WELCH INC.

Service code 27 · EIN 63-0969069

Advisory (Plan)

$26,040

STIFEL NICOLAUS & CO INC1 year

Service code 27 · EIN 99-9999998

Advisory (Plan)

$25,033

THE WELCH GROUP3+ years

Service code 27 · EIN 63-1231262

Advisory (Plan)

$11,890

BHK INVESTMENT ADVISORS, LLC1 year

Filed as: BHK INVESTMENT ADVISORS

Service code 27 · EIN 20-2460078

Advisory (Plan)

$6,356

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND F JAMES FINANCIAL ADVISORS

Service code 27 · EIN 59-1517485

Advisory (Plan)

$6,216

BURR & FORMAN LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURR & FORMAN 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