Retirement plan

STARNES DAVIS FLORIE LLP 401(K) PROFIT SHARING PLAN

Name: STARNES DAVIS FLORIE LLP - STARNES DAVIS FLORIE LLP 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: STARNES DAVIS FLORIE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STARNES DAVIS FLORIE LLP 401(K) PROFIT SHARING PLAN, STARNES DAVIS FLORIE LLP

STARNES DAVIS FLORIE LLPEIN 63-0685284Plan #002PY 2015

100 BROOKWOOD PLACE, 7TH FLOOR - BIRMINGHAM, AL 35209205-868-6064starneslaw.comLinkedIn51-200 employeeslegal services

Prospect flagsLow returnsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$39.4M

No prior year

Total participants

135

No prior year

Average account balance

$293,932

No prior year

Annual return

-2.89%

No prior year

Benchmarks

See 22,773 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort22,773 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$65.07M

Not enough data

1 years with asset history on file

Average account balance

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

$516K

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.

126

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1979

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
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH Service code 27 420 N. 20TH STREET · BIRMINGHAM, AL 35203	Advisory (Plan)	$116,452
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB INVESTMENT Service code 27 · EIN 94-3106735	Advisory (Plan)	$57,162
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111	Sub-transfer agency fees; Recordkeepi...	$38,875
VERISIGHT, INC.1+ years Filed as: VERISIGHT TRUST COMPANY Service code 12 · EIN 27-4411131	Trustee (bank, trust company, or simi...	$17,564
TRIAD ADVISORS INC1+ years Filed as: TRIAD ADVISORS Service code 27 3008 PUMP HOUSE RD. · BIRMINGHAM, AL 35243	Advisory (Plan)	$16,994
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO Service code 27 2010 CLUB DR., SUITE 300 · GALSDEN, AL 35901	Advisory (Plan)	$14,757
MORGAN STANLEY SMITH BARNEY1+ years Service code 27 3500 COLONNADE PARKWAY · BIRMINGHAM, AL 35243	Advisory (Plan)	$13,743
WILMINGTON TRUST1+ years Service code 12 · EIN 51-0099033	Trustee (bank, trust company, or simi...	$6,355

Plan features & details

Pension benefit codes2E2F2G2J2R3B3D2T

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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$239K

$2440 / participant

Investment mgmt$209K87.4%
Contract admin$27K11.4%
Other / not subdivided$3K1.2%

% of EOY assets

0.607%

all-in expense ratio

Categories reported

2 / 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: RSMUS LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$293,932

$72,177+307.2%

$115,038+155.5%

$59,633+392.9%

Participation rate

99.0%

72.6%+26.4pp

81.4%+17.6pp

68.7%+30.3pp

Annual return

-2.89%

12.02%-14.9pp

26.14%-29.0pp

2041.45%-2044.3pp

Employer contribution / active EE

$17,786

$2,841+526.0%

$4,608+286.0%

$2,203+707.5%

Participant deferral / active EE

$8,251

$4,783+72.5%

$6,026+36.9%

$3,192+158.5%

Admin fee / account holder

$1,784

$4,927-63.8%

$8,175-78.2%

$4,297-58.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH

Service code 27

420 N. 20TH STREET · BIRMINGHAM, AL 35203

Advisory (Plan)

$116,452

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB INVESTMENT

Service code 27 · EIN 94-3106735

Advisory (Plan)

$57,162

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 12 · EIN 62-1868111

Sub-transfer agency fees; Recordkeepi...

$38,875

VERISIGHT, INC.1+ years

Filed as: VERISIGHT TRUST COMPANY

Service code 12 · EIN 27-4411131

Trustee (bank, trust company, or simi...

$17,564

TRIAD ADVISORS INC1+ years

Filed as: TRIAD ADVISORS

Service code 27

3008 PUMP HOUSE RD. · BIRMINGHAM, AL 35243

Advisory (Plan)

$16,994

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO

Service code 27

2010 CLUB DR., SUITE 300 · GALSDEN, AL 35901

Advisory (Plan)

$14,757

MORGAN STANLEY SMITH BARNEY1+ years

Service code 27

3500 COLONNADE PARKWAY · BIRMINGHAM, AL 35243

Advisory (Plan)

$13,743

WILMINGTON TRUST1+ years

Service code 12 · EIN 51-0099033

Trustee (bank, trust company, or simi...

$6,355

STARNES DAVIS FLORIE LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STARNES DAVIS FLORIE LLP 401(K) 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