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 (2017) 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 2017

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$48.2M

+8.9% from 2016

Total participants

115

-2.5% from 2016

Average account balance

$422,593

+10.8% from 2016

Annual return

15.00%

+6.24 pp from 2016

Benchmarks

See 25,068 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,068 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$77.61M

Not enough data

1 years with asset history on file

Average account balance

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

$606K

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.

128

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2309

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 10 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH Service code 27 420 N. 20TH STREET · BIRMINGHAM, AL 35203	Advisory (Plan)	$136,455
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB INVESTMENT Service code 27 · EIN 94-3106735	Advisory (Plan)	$74,383
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Account maintenance fees; Claims proc...	$21,777
TRIAD ADVISORS INC3+ years Filed as: TRIAD ADVISORS Service code 27 3008 PUMP HOUSE RD · BIRMINGHAM, AL 35243	Advisory (Plan)	$18,846
NEWPORT GROUP, INC.2+ years Service code 12 · EIN 27-2037969	Claims processing; Direct payment fro...	$18,477
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO Service code 27 2010 CLUB DR., SUITE 300 · GALSDEN, AL 35901	Advisory (Plan)	$17,183
MORGAN STANLEY SMITH BARNEY3+ years Service code 27 3500 COLONNADE PARKWAY · BIRMINGHAM, AL 35243	Advisory (Plan)	$14,231
NATIONAL FINANCIAL SERVICES1 year Service code 27 44 MONTGOMERY STREET · SAN FRANCISCO, CA 94101	Advisory (Plan)	$9,830
BERNSTEIN2+ years Service code 27 1345 AVENUE OF THE AMERICAS · NEW YORK, NY 10105	Advisory (Plan)	$7,357
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 27 2200 LAKESHORE DRIVE · BIRMINGHAM, AL 35209	Advisory (Plan)	$5,520

Plan features & details

Pension benefit codes2E2F2G2J2R3B3D2T2A

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.
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

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

$295K

$3012 / participant

Investment mgmt$281K95.1%
Contract admin$15K4.9%

% of EOY assets

0.613%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$422,593

$85,766+392.7%

$136,294+210.1%

$70,131+502.6%

Participation rate

99.0%

74.2%+24.8pp

81.9%+17.1pp

69.5%+29.4pp

Annual return

15.00%

31.45%-16.5pp

5155.94%-5140.9pp

73.14%-58.1pp

Employer contribution / active EE

$17,985

$2,966+506.4%

$4,695+283.0%

$2,342+667.8%

Participant deferral / active EE

$8,112

$5,051+60.6%

$6,247+29.9%

$3,332+143.5%

Admin fee / account holder

$2,590

$5,420-52.2%

$9,243-72.0%

$4,645-44.3%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH

Service code 27

420 N. 20TH STREET · BIRMINGHAM, AL 35203

Advisory (Plan)

$136,455

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB INVESTMENT

Service code 27 · EIN 94-3106735

Advisory (Plan)

$74,383

NEWPORT GROUP, INC.2+ years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

Account maintenance fees; Claims proc...

$21,777

TRIAD ADVISORS INC3+ years

Filed as: TRIAD ADVISORS

Service code 27

3008 PUMP HOUSE RD · BIRMINGHAM, AL 35243

Advisory (Plan)

$18,846

NEWPORT GROUP, INC.2+ years

Service code 12 · EIN 27-2037969

Claims processing; Direct payment fro...

$18,477

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO

Service code 27

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

Advisory (Plan)

$17,183

MORGAN STANLEY SMITH BARNEY3+ years

Service code 27

3500 COLONNADE PARKWAY · BIRMINGHAM, AL 35243

Advisory (Plan)

$14,231

NATIONAL FINANCIAL SERVICES1 year

Service code 27

44 MONTGOMERY STREET · SAN FRANCISCO, CA 94101

Advisory (Plan)

$9,830

BERNSTEIN2+ years

Service code 27

1345 AVENUE OF THE AMERICAS · NEW YORK, NY 10105

Advisory (Plan)

$7,357

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 27

2200 LAKESHORE DRIVE · BIRMINGHAM, AL 35209

Advisory (Plan)

$5,520

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