Retirement plan

PHELPS DUNBAR, LLP SAVINGS AND RETIREMENT PLAN

Name: PHELPS DUNBAR, LLP - PHELPS DUNBAR, LLP SAVINGS AND RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$258.9M

-4.6% from 2016

Total participants

875

+4.5% from 2016

Average account balance

$331,914

-4.1% from 2016

Annual return

16.89%

-7.99 pp from 2016

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$53,471
MILLIMAN, INC.5 years Filed as: MILLIMAN Service code 10 · EIN 91-0675641	Accounting	$47,329
STRATEGIC ADVISORS, INC.6 years Service code 26 · EIN 20-5400340	Advisory (Participants)	$31,092
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING Service code 10 · EIN 84-4519624	Accounting	$25,989
LOCKTON INVESTMENT ADVISORS, LLC9+ years Filed as: LOCKTON INVESTMENT Service code 10 · EIN 58-1874273	Accounting	$22,774
NEWEDGE ADVISORS LLC1 year Filed as: NEWEDGE ADVISORS, LLC Service code 26 · EIN 46-0854203	Advisory (Participants)	$13,395

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$180K

$284 / participant

Recordkeeping$37K20.6%
Investment mgmt$16K8.9%
Other / not subdivided$127K70.5%

% of EOY assets

0.070%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOURGEOIS BENNETT, LLC
Auditor EIN: 720136870
Audit fees: $84,911
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$331,914

$95,438+247.8%

$135,998+144.1%

$74,478+345.7%

Participation rate

85.0%

78.2%+6.8pp

81.9%+3.1pp

70.7%+14.3pp

Annual return

16.89%

32.61%-15.7pp

68.37%-51.5pp

34.37%-17.5pp

Employer contribution / active EE

$10,299

$3,878+165.6%

$4,860+111.9%

$2,637+290.6%

Participant deferral / active EE

$9,177

$7,790+17.8%

$7,761+18.2%

$4,530+102.6%

Admin fee / account holder

$231

$259-10.8%

$10,769-97.9%

$347-33.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$53,471

MILLIMAN, INC.5 years

Filed as: MILLIMAN

Service code 10 · EIN 91-0675641

Accounting

$47,329

STRATEGIC ADVISORS, INC.6 years

Service code 26 · EIN 20-5400340

Advisory (Participants)

$31,092

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING

Service code 10 · EIN 84-4519624

Accounting

$25,989

LOCKTON INVESTMENT ADVISORS, LLC9+ years

Filed as: LOCKTON INVESTMENT

Service code 10 · EIN 58-1874273

Accounting

$22,774

NEWEDGE ADVISORS LLC1 year

Filed as: NEWEDGE ADVISORS, LLC

Service code 26 · EIN 46-0854203

Advisory (Participants)

$13,395

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