Retirement plan

PHELPS DUNBAR, LLP SAVINGS AND RETIREMENT PLAN

Name: PHELPS DUNBAR, LLP - PHELPS DUNBAR, LLP SAVINGS AND RETIREMENT PLAN (2020) Form 5500
Creator: PHELPS DUNBAR, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHELPS DUNBAR, LLP SAVINGS AND RETIREMENT PLAN, PHELPS DUNBAR, LLP

PHELPS DUNBAR, LLPEIN 72-0358621Plan #001PY 2020

365 CANAL STREET, STE 2000 - NEW ORLEANS, LA 70130504-566-1311phelpsdunbar.comLinkedIn501-1000 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$223.1M

-4.6% from 2016

Total participants

744

+4.5% from 2016

Average account balance

$346,914

-4.1% from 2016

Annual return

16.74%

-7.99 pp from 2016

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$294.87M

Not enough data

1 years with asset history on file

Average account balance

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

$356K

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.

829

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$208

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 7 by compensation

Provider	Service type	Compensation
LOCKTON INVESTMENT ADVISORS, LLC2 years Filed as: LOCKTON INVESTMENTADVISORS, LLC Service code 10 · EIN 20-8874282	Accounting	$42,436
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$22,581
MILLIMAN, INC.2 years Filed as: MILLIMAN Service code 10 · EIN 91-0675641	Accounting	$18,010
HARDYREED2 years Service code 26 · EIN 20-5400340	Advisory (Participants)	$15,615
GWYNN MANAGMENT COMPANY3 years Filed as: GWYNN MANAGEMENT COMPANY Service code 26 · EIN 58-1874273	Advisory (Participants)	$10,404
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,102
GUSTAFSSON WEALTH MANAGEMENT, INC.2 years Filed as: GUSTAFSSON WEALTHMANAGEMENT, INC. Service code 26 · EIN 20-3743481	Advisory (Participants)	$1,381

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$116K

$213 / participant

Investment mgmt$7K6.1%
Other / not subdivided$109K93.9%

% of EOY assets

0.052%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOURGEOIS BENNETT, LLC
Auditor EIN: 720136870
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$346,914

$100,801+244.2%

$149,751+131.7%

$73,415+372.5%

Participation rate

81.5%

77.7%+3.8pp

82.5%-1.0pp

72.2%+9.3pp

Annual return

16.74%

265.34%-248.6pp

276.71%-260.0pp

59.30%-42.6pp

Employer contribution / active EE

$8,929

$3,312+169.6%

$4,646+92.2%

$2,234+299.7%

Participant deferral / active EE

$7,513

$6,404+17.3%

$6,843+9.8%

$3,806+97.4%

Admin fee / account holder

$180

$181-0.4%

$9,312-98.1%

$158+14.1%

Provider

Service type

Compensation

LOCKTON INVESTMENT ADVISORS, LLC2 years

Filed as: LOCKTON INVESTMENTADVISORS, LLC

Service code 10 · EIN 20-8874282

Accounting

$42,436

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$22,581

MILLIMAN, INC.2 years

Filed as: MILLIMAN

Service code 10 · EIN 91-0675641

Accounting

$18,010

HARDYREED2 years

Service code 26 · EIN 20-5400340

Advisory (Participants)

$15,615

GWYNN MANAGMENT COMPANY3 years

Filed as: GWYNN MANAGEMENT COMPANY

Service code 26 · EIN 58-1874273

Advisory (Participants)

$10,404

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,102

GUSTAFSSON WEALTH MANAGEMENT, INC.2 years

Filed as: GUSTAFSSON WEALTHMANAGEMENT, INC.

Service code 26 · EIN 20-3743481

Advisory (Participants)

$1,381

PHELPS DUNBAR, LLP SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHELPS DUNBAR, LLP SAVINGS AND RETIREMENT 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