Retirement plan

PORTEOUS, HAINKEL & JOHNSON, LLP 401(K) RETIREMENT PLAN AND TRUST

Name: PORTEOUS, HAINKEL & JOHNSON, LLP - PORTEOUS, HAINKEL & JOHNSON, LLP 401(K) RETIREMENT PLAN AND TRUST (2023) Form 5500
Creator: PORTEOUS, HAINKEL & JOHNSON, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORTEOUS, HAINKEL & JOHNSON, LLP 401(K) RETIREMENT PLAN AND TRUST, PORTEOUS, HAINKEL & JOHNSON, LLP

PORTEOUS, HAINKEL & JOHNSON, LLPEIN 72-0374285Plan #001PY 2023

704 CARONDELET STREET - NEW ORLEANS, LA 70130504-581-3838phjlaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$22.2M

-0.2% from 2022

Total participants

118

+0.9% from 2022

Average account balance

$188,433

-1.0% from 2022

Annual return

13.01%

+27.64 pp from 2022

Benchmarks

See 28,722 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,722 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$28.10M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

136

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP3 years Service code 12 · EIN 93-1253576 1100 SW SIXTH AVENUE · PORTLAND, OR 97204	Recordkeeping and information managem...	$28,306
SHERIDAN ROAD ADVISORS LLC3 years Filed as: HUB INTERNATIONAL MIDWEST LIMITED Service code 27 · EIN 35-0672425 3510 N. CAUSEWAY BOULEVARD · METAIRIE, LA 70002	Advisory (Plan)	$6,680
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB Service code 19 · EIN 25-1838406 300 SCHWAB WAY · WESTLAKE, TX 76262	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$47K

$550 / participant

Investment mgmt$2K4.6%
Contract admin$38K81.1%
Other / not subdivided$7K14.3%

% of EOY assets

0.210%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$188,433

$93,571+101.4%

$135,903+38.7%

$75,163+150.7%

Participation rate

100.0%

75.2%+24.8pp

81.9%+18.1pp

67.2%+32.8pp

Annual return

13.01%

30.90%-17.9pp

68.23%-55.2pp

160.62%-147.6pp

Employer contribution / active EE

$7,035

$3,537+98.9%

$4,856+44.9%

$2,670+163.5%

Participant deferral / active EE

$6,325

$6,404-1.2%

$7,758-18.5%

$4,125+53.3%

Admin fee / account holder

$396

$6,975-94.3%

$10,762-96.3%

$5,651-93.0%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP3 years

Service code 12 · EIN 93-1253576

1100 SW SIXTH AVENUE · PORTLAND, OR 97204

Recordkeeping and information managem...

$28,306

SHERIDAN ROAD ADVISORS LLC3 years

Filed as: HUB INTERNATIONAL MIDWEST LIMITED

Service code 27 · EIN 35-0672425

3510 N. CAUSEWAY BOULEVARD · METAIRIE, LA 70002

Advisory (Plan)

$6,680

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 25-1838406

300 SCHWAB WAY · WESTLAKE, TX 76262

Securities Custodian

PORTEOUS, HAINKEL & JOHNSON, LLP 401(K) RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTEOUS, HAINKEL & JOHNSON, LLP 401(K) RETIREMENT 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