Retirement plan

COPELAND, COOK, TAYLOR AND BUSH, P. A. SALARY REDUCTION PLAN

Name: COPELAND, COOK, TAYLOR AND BUSH, P.A. - COPELAND, COOK, TAYLOR AND BUSH, P. A. SALARY REDUCTION PLAN (2023) Form 5500
Creator: COPELAND, COOK, TAYLOR AND BUSH, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COPELAND, COOK, TAYLOR AND BUSH, P. A. SALARY REDUCTION PLAN, COPELAND, COOK, TAYLOR AND BUSH, P.A.

COPELAND, COOK, TAYLOR AND BUSH, P.A.EIN 64-0854435Plan #001PY 2023

PO BOX 6020 - RIDGELAND, MS 39158601-427-1207copelandcook.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$18.6M

-2.6% from 2022

Total participants

127

-8.6% from 2022

Average account balance

$153,491

+6.2% from 2022

Annual return

13.25%

+28.00 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.30M

Not enough data

1 years with asset history on file

Average account balance

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

$174K

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.

111

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$509K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$752

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 3 by compensation

Provider	Service type	Compensation
BANKPLUS WEALTH MANAGEMENT6 years Service code 27 · EIN 64-0134513	Advisory (Plan)	$50,000
EPIC RETIREMENT PLAN SERVICES6 years Service code 15 · EIN 16-1450952	Recordkeeping	$16,228
WATKINS ROSS2 years Filed as: WATKINS, WARD AND STAFFORD, PLLC Service code 10 · EIN 64-0394922	Accounting	$12,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$79K

$1250 / participant

Recordkeeping$16K20.6%
Investment mgmt$50K63.5%
Other / not subdivided$13K15.9%

% of EOY assets

0.424%

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: WATKINS, WARD, & STAFFORD, PLLC
Auditor EIN: 600394922
Audit fees: $12,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,491

$93,598+64.0%

$135,974+12.9%

$75,173+104.2%

Participation rate

90.5%

75.2%+15.3pp

81.9%+8.6pp

67.2%+23.3pp

Annual return

13.25%

30.89%-17.6pp

68.30%-55.1pp

160.72%-147.5pp

Employer contribution / active EE

$3,348

$3,538-5.4%

$4,859-31.1%

$2,671+25.3%

Participant deferral / active EE

$4,626

$6,405-27.8%

$7,760-40.4%

$4,126+12.1%

Admin fee / account holder

$651

$6,978-90.7%

$10,767-94.0%

$5,651-88.5%

Provider

Service type

Compensation

BANKPLUS WEALTH MANAGEMENT6 years

Service code 27 · EIN 64-0134513

Advisory (Plan)

$50,000

EPIC RETIREMENT PLAN SERVICES6 years

Service code 15 · EIN 16-1450952

Recordkeeping

$16,228

WATKINS ROSS2 years

Filed as: WATKINS, WARD AND STAFFORD, PLLC

Service code 10 · EIN 64-0394922

Accounting

$12,500

COPELAND, COOK, TAYLOR AND BUSH, P. A. SALARY REDUCTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COPELAND, COOK, TAYLOR AND BUSH, P. A. SALARY REDUCTION 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