Retirement plan

ADAMS AND REESE LLP 401(K) PROFIT SHARING PLAN AND TRUST

Name: ADAMS AND REESE LLP - ADAMS AND REESE LLP 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: ADAMS AND REESE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADAMS AND REESE LLP 401(K) PROFIT SHARING PLAN AND TRUST, ADAMS AND REESE LLP

ADAMS AND REESE LLPEIN 72-0424362Plan #001PY 2023

701 POYDRAS ST STE 4500 - NEW ORLEANS, LA 701397755504-581-3234arlaw.comLinkedIn501-1000 employees

Other plans on this EIN

2 filings

#005Retirement-$11.9M assets #003Retirement-$2.4M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$231.5M

+8.8% from 2022

Total participants

551

-2.7% from 2022

Average account balance

$423,997

+11.3% from 2022

Annual return

16.74%

+24.04 pp from 2022

Benchmarks

See 3,240 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,240 peers

Snapshot2023

See peer percentile detail. $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.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$261.55M

Not enough data

1 years with asset history on file

Average account balance

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

$455K

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.

575

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$303

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.

Start for $4.99 See plans

Service providers

Top 9 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$59,165
NEWEDGE ADVISORS LLC2 years Service code 26 · EIN 46-0854203	Advisory (Participants)	$20,736
STOKES FAMILY OFFICE LLC2 years Service code 26 · EIN 83-3656874	Advisory (Participants)	$17,708
JP MORGAN INVESTMENT MANAGEMENT INC9+ years Filed as: LEAVELL INVESTMENT MANAGEMENT Service code 26 · EIN 63-0771955	Advisory (Participants)	$16,022
CAPFINANCIAL PARTNERS LLC1 year Service code 26 · EIN 26-0058143	Advisory (Participants)	$13,888
RED DOOR WEALTH MANAGEMENT8 years Filed as: RED DOOR WEALTH MANAGEMENT LLC Service code 26 · EIN 27-1903885	Advisory (Participants)	$9,020
WMG FINANCIAL ADVISORS2 years Filed as: WMG FINANCIAL ADVISORS LLC Service code 26 · EIN 20-1971280	Advisory (Participants)	$5,445
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$1,605
CHARLES SCHWAB & CO., INC.6 years Filed as: CHARLES SCHWAB & CO,INC AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$152K

$442 / participant

Recordkeeping$59K39.0%
Contract admin$92K61.0%

% of EOY assets

0.065%

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

$423,997

$95,274+345.0%

$135,903+212.0%

$74,419+469.7%

Participation rate

98.5%

78.2%+20.4pp

81.9%+16.6pp

70.7%+27.8pp

Annual return

16.74%

32.77%-16.0pp

68.23%-51.5pp

34.38%-17.6pp

Employer contribution / active EE

$15,348

$3,874+296.2%

$4,856+216.1%

$2,637+481.9%

Participant deferral / active EE

$8,972

$7,782+15.3%

$7,758+15.6%

$4,528+98.1%

Admin fee / account holder

$278

$266+4.3%

$10,762-97.4%

$348-20.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$59,165

NEWEDGE ADVISORS LLC2 years

Service code 26 · EIN 46-0854203

Advisory (Participants)

$20,736

STOKES FAMILY OFFICE LLC2 years

Service code 26 · EIN 83-3656874

Advisory (Participants)

$17,708

JP MORGAN INVESTMENT MANAGEMENT INC9+ years

Filed as: LEAVELL INVESTMENT MANAGEMENT

Service code 26 · EIN 63-0771955

Advisory (Participants)

$16,022

CAPFINANCIAL PARTNERS LLC1 year

Service code 26 · EIN 26-0058143

Advisory (Participants)

$13,888

RED DOOR WEALTH MANAGEMENT8 years

Filed as: RED DOOR WEALTH MANAGEMENT LLC

Service code 26 · EIN 27-1903885

Advisory (Participants)

$9,020

WMG FINANCIAL ADVISORS2 years

Filed as: WMG FINANCIAL ADVISORS LLC

Service code 26 · EIN 20-1971280

Advisory (Participants)

$5,445

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$1,605

CHARLES SCHWAB & CO., INC.6 years

Filed as: CHARLES SCHWAB & CO,INC AND AFFIL

Service code 59

Shareholder Servicing

ADAMS AND REESE LLP 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADAMS AND REESE LLP 401(K) PROFIT SHARING 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