Retirement plan

WRIGHT, LINDSEY & JENNINGS LLP PROFIT SHARING PLAN AND TRUST

Name: WRIGHT, LINDSEY & JENNINGS LLP - WRIGHT, LINDSEY & JENNINGS LLP PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: WRIGHT, LINDSEY & JENNINGS LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WRIGHT, LINDSEY & JENNINGS LLP PROFIT SHARING PLAN AND TRUST, WRIGHT, LINDSEY & JENNINGS LLP

WRIGHT, LINDSEY & JENNINGS LLPEIN 71-0239196Plan #001PY 2020

200 WEST CAPITOL, SUITE 2300 - LITTLE ROCK, AR 722013699501-371-0808wlj.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed August 8, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$55.5M

+17.5% from 2019

Total participants

157

+12.1% from 2019

Average account balance

$353,657

+2.5% from 2019

Annual return

13.10%

-8.03 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$69.60M

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.

135

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$574

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Recordk...	$99,190
PENSION ASSURANCE LLP1 year Filed as: PENSION CONSULTANT INC Service code 10 · EIN 43-1685158	Accounting	$48,182
LANDMARK PLC, CPAS1 year Filed as: LANDMARK PLC CERIFIED PUBLIC ACCT Service code 10 · EIN 71-0355269	Accounting	$10,000
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B

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.
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.

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

$157K

$1368 / participant

Investment mgmt$48K30.6%
Other / not subdivided$109K69.4%

% of EOY assets

0.283%

all-in expense ratio

Categories reported

1 / 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: LANDMARK PLC CERTIFIED PUBLIC ACCT
Auditor EIN: 710355269
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$353,657

$99,957+253.8%

$149,696+136.2%

$73,488+381.2%

Participation rate

100.0%

75.7%+24.3pp

82.5%+17.5pp

70.7%+29.3pp

Annual return

13.10%

53.87%-40.8pp

276.60%-263.5pp

28.51%-15.4pp

Employer contribution / active EE

$11,438

$3,191+258.4%

$4,644+146.3%

$2,270+403.8%

Participant deferral / active EE

$9,310

$6,073+53.3%

$6,842+36.1%

$3,740+149.0%

Admin fee / account holder

$1,002

$551+82.0%

$9,309-89.2%

$513+95.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Recordk...

$99,190

PENSION ASSURANCE LLP1 year

Filed as: PENSION CONSULTANT INC

Service code 10 · EIN 43-1685158

Accounting

$48,182

LANDMARK PLC, CPAS1 year

Filed as: LANDMARK PLC CERIFIED PUBLIC ACCT

Service code 10 · EIN 71-0355269

Accounting

$10,000

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

WRIGHT, LINDSEY & JENNINGS LLP PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WRIGHT, LINDSEY & JENNINGS LLP PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

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