Retirement plan

FEE, SMITH & SHARP, LLP 401(K) PLAN

Name: FEE, SMITH & SHARP, LLP - FEE, SMITH & SHARP, LLP 401(K) PLAN (2024) Form 5500
Creator: FEE, SMITH & SHARP, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FEE, SMITH & SHARP, LLP 401(K) PLAN, FEE, SMITH & SHARP, LLP

FEE, SMITH & SHARP, LLPEIN 68-0502076Plan #001PY 2024

13155 NOEL ROAD, SUITE 1000, THREE GALLERIA TOWER - DALLAS, TX 75240972-934-9100feesmith.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.1M

+14.8% from 2023

Total participants

193

+4.9% from 2023

Average account balance

$103,327

+7.9% from 2023

Annual return

10.76%

-6.50 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.12M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

185

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$602

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 4 by compensation

Provider	Service type	Compensation
TRINITY PENSION CONSULTANTS4 years Filed as: TRINITY PORTFOLIO ADVISORS, LLC Service code 27 121 COUNTRYSIDE CT. · SOUTHLAKE, TX 76092	Advisory (Plan)	$48,000
FLEXPATH STRATEGIES, LLC3 years Service code 99 120 VANTIS, SUITE 400 · ALISO VEIJO, CA 92656	Other Fees	$8,573
RETIREMENTPLANS.COM, LLC7 years Service code 13 · EIN 80-0968774 16051 ADDISION ROAD, SUITE 205 · ADDISON, TX 75001	Contract Administrator	$1,905
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,208

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$111K

$986 / participant

Contract admin$111K100.0%

% of EOY assets

0.583%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROWN ROGERS & CO LLC
Auditor EIN: 464195990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,327

$101,499+1.8%

$147,005-29.7%

$74,546+38.6%

Participation rate

92.9%

75.5%+17.4pp

82.2%+10.8pp

67.2%+25.7pp

Annual return

10.76%

8732.34%-8721.6pp

418.76%-408.0pp

1366.03%-1355.3pp

Employer contribution / active EE

$3,228

$3,811-15.3%

$4,934-34.6%

$2,624+23.0%

Participant deferral / active EE

$10,325

$7,304+41.4%

$8,070+27.9%

$4,347+137.5%

Admin fee / account holder

$602

$1,748-65.5%

$13,006-95.4%

$1,944-69.0%

Provider

Service type

Compensation

TRINITY PENSION CONSULTANTS4 years

Filed as: TRINITY PORTFOLIO ADVISORS, LLC

Service code 27

121 COUNTRYSIDE CT. · SOUTHLAKE, TX 76092

Advisory (Plan)

$48,000

FLEXPATH STRATEGIES, LLC3 years

Service code 99

120 VANTIS, SUITE 400 · ALISO VEIJO, CA 92656

Other Fees

$8,573

RETIREMENTPLANS.COM, LLC7 years

Service code 13 · EIN 80-0968774

16051 ADDISION ROAD, SUITE 205 · ADDISON, TX 75001

Contract Administrator

$1,905

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,208

FEE, SMITH & SHARP, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FEE, SMITH & SHARP, LLP 401(K) 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