Retirement plan

WEBB, LORAH & MCMILLAN, PLLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: WEBB, LORAH & MCMILLAN, PLLC - WEBB, LORAH & MCMILLAN, PLLC 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: WEBB, LORAH & MCMILLAN, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEBB, LORAH & MCMILLAN, PLLC 401(K) PROFIT SHARING PLAN AND TRUST, WEBB, LORAH & MCMILLAN, PLLC

WEBB, LORAH & MCMILLAN, PLLCEIN 65-0161812Plan #001PY 2022

1107 W. MARION AVENUE, SUITE 115 - PUNTA GORDA, FL 33950941-637-8884

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

-5.9% from 2021

Total participants

0.0% from 2021

Average account balance

$174,465

-5.9% from 2021

Annual return

-10.15%

-18.48 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$199K

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

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

+11.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6826

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 codes2E2F2G2J3D

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$40K

$3625 / participant

Other / not subdivided$40K100.0%

% of EOY assets

2.286%

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

$174,465

$138,102+26.3%

$125,381+39.1%

$134,532+29.7%

Participation rate

81.8%

84.5%-2.7pp

82.4%-0.6pp

81.2%+0.6pp

Annual return

-10.15%

750.73%-760.9pp

572.31%-582.5pp

418.27%-428.4pp

Employer contribution / active EE

$2,136

$5,245-59.3%

$4,815-55.6%

$4,741-54.9%

Participant deferral / active EE

$6,619

$7,801-15.1%

$7,448-11.1%

$6,401+3.4%

Admin fee / account holder

$3,988

$11,568-65.5%

$10,007-60.2%

$11,429-65.1%

WEBB, LORAH & MCMILLAN, PLLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEBB, LORAH & MCMILLAN, PLLC 401(K) PROFIT SHARING PLAN AND TRUST

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