Retirement plan

MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC PARTNERS' 401K PLAN AND TRUST

Name: MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC - MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC PARTNERS' 401K PLAN AND TRUST (2020) Form 5500
Creator: MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC PARTNERS' 401K PLAN AND TRUST, MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC

MITCHELL WILLIAMS SELIG GATES WOODYARD PLLCEIN 71-0261429Plan #002PY 2020

425 WEST CAPITOL SUITE 1800 - LITTLE ROCK, AR 722013525501-688-8800mitchellwilliamslaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$8.5M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$45.6M

+9.6% from 2019

Total participants

-4.9% from 2019

Average account balance

$800,380

+17.3% from 2019

Annual return

12.73%

-2.48 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.70M

Not enough data

1 years with asset history on file

Average account balance

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

$907K

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$41K

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167236

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 codes2E2G2J2R2T2F3B

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.
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

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

$3.4M

$66327 / participant

Other / not subdivided$3M100.0%

% of EOY assets

7.415%

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

$800,380

$98,776+710.3%

$149,745+434.5%

$79,856+902.3%

Participation rate

98.0%

75.8%+22.2pp

82.5%+15.6pp

69.6%+28.4pp

Annual return

12.73%

27.38%-14.6pp

276.72%-264.0pp

31.71%-19.0pp

Employer contribution / active EE

$17,735

$3,217+451.2%

$4,646+281.8%

$2,471+617.7%

Participant deferral / active EE

$21,616

$5,681+280.5%

$6,843+215.9%

$3,741+477.9%

Admin fee / account holder

$59,345

$6,053+880.5%

$9,312+537.3%

$5,306+1018.4%

MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC PARTNERS' 401K PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITCHELL WILLIAMS SELIG GATES WOODYARD PLLC PARTNERS' 401K 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