Retirement plan

HANNIS T. BOURGEOIS, LLP PROFIT SHARING PLAN & TRUST

Name: HANNIS T. BOURGEOIS, LLP - HANNIS T. BOURGEOIS, LLP PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: HANNIS T. BOURGEOIS, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HANNIS T. BOURGEOIS, LLP PROFIT SHARING PLAN & TRUST, HANNIS T. BOURGEOIS, LLP

HANNIS T. BOURGEOIS, LLPEIN 72-0636725Plan #001PY 2018

2322 TREMONT DRIVE - BATON ROUGE, LA 70809225-928-4470htbcpa.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.8M

-5.7% from 2017

Total participants

194

+12.1% from 2017

Average account balance

$126,551

-23.5% from 2017

Annual return

-5.34%

-23.36 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.67M

Not enough data

1 years with asset history on file

Average account balance

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

$190K

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.

177

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$533

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 5 by compensation

Provider	Service type	Compensation
PETERS WEALTH ADVISORS LLC4+ years Service code 27 · EIN 90-0965466	Advisory (Plan)	$72,570
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Service code 15 · EIN 13-3689044	Recordkeeping	$34,621
GENEOS WEALTH MANAGEMENT INC1 year Filed as: GENEOS WEALTH MANAGEMENT, INC. Service code 22 · EIN 02-0580939	Insurance Broker	$5,926
THE HASLAUER GROUP, INC.2 years Filed as: THE HASLAUER GROUP, INC. 72-1487108 Service code 15	Recordkeeping	$1,583
THE HASLAUER GROUP, INC.4+ years Service code 15 · EIN 72-1487108	Recordkeeping	$1,400

Plan features & details

Pension benefit codes2E2J2K2F2G3D3B2T

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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$98K

$872 / participant

Other / not subdivided$98K100.0%

% of EOY assets

0.429%

all-in expense ratio

Categories reported

0 / 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: SALTMARSH, CLEAVELAND & GUND
Auditor EIN: 592922169
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,551

$73,102+73.1%

$123,553+2.4%

$56,289+124.8%

Participation rate

87.5%

74.3%+13.2pp

82.3%+5.2pp

69.9%+17.6pp

Annual return

-5.34%

3.01%-8.3pp

119.21%-124.5pp

-9.96%+4.6pp

Employer contribution / active EE

$2,289

$2,977-23.1%

$4,628-50.5%

$2,111+8.4%

Participant deferral / active EE

$5,022

$5,423-7.4%

$6,426-21.9%

$3,350+49.9%

Admin fee / account holder

$542

$554-2.1%

$9,284-94.2%

$521+4.1%

Provider

Service type

Compensation

PETERS WEALTH ADVISORS LLC4+ years

Service code 27 · EIN 90-0965466

Advisory (Plan)

$72,570

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$34,621

GENEOS WEALTH MANAGEMENT INC1 year

Filed as: GENEOS WEALTH MANAGEMENT, INC.

Service code 22 · EIN 02-0580939

Insurance Broker

$5,926

THE HASLAUER GROUP, INC.2 years

Filed as: THE HASLAUER GROUP, INC. 72-1487108

Service code 15

Recordkeeping

$1,583

THE HASLAUER GROUP, INC.4+ years

Service code 15 · EIN 72-1487108

Recordkeeping

$1,400

HANNIS T. BOURGEOIS, LLP PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HANNIS T. BOURGEOIS, LLP PROFIT SHARING PLAN & 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