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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$14.6M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$41.7M

-0.0% from 2023

Total participants

-13.0% from 2023

Average account balance

$906,511

+17.4% from 2023

Annual return

14.06%

-6.34 pp from 2023

Benchmarks

See 28,877 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,877 peers

Snapshot2024

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

$7.7M

$207914 / participant

Other / not subdivided$8M100.0%

% of EOY assets

18.448%

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

$906,511

$102,429+785.0%

$147,096+516.3%

$80,925+1020.2%

Participation rate

97.3%

75.9%+21.4pp

82.2%+15.1pp

67.7%+29.6pp

Annual return

14.06%

135.02%-121.0pp

419.75%-405.7pp

35.65%-21.6pp

Employer contribution / active EE

$19,445

$3,716+423.3%

$4,936+293.9%

$2,756+605.5%

Participant deferral / active EE

$21,408

$6,649+222.0%

$8,071+165.2%

$4,299+398.0%

Admin fee / account holder

$167,236

$7,957+2001.8%

$13,005+1185.9%

$6,940+2309.7%

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