Retirement plan

GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH (A PLC) 401(K) PLAN

Name: GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH - GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH (A PLC) 401(K) PLAN (2017) Form 5500
Creator: GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH (A PLC) 401(K) PLAN, GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH

GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITHEIN 72-1089568Plan #001PY 2017

ONE SHELL SQUARE 701 PAYDRAS ST.,, 40TH FLOOR - NEW ORLEANS, LA 70139504-525-6802gallowaylawfirm.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$20.3M

+14.4% from 2016

Total participants

278

+7.8% from 2016

Average account balance

$97,828

+10.0% from 2016

Annual return

17.26%

+8.48 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.16M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

238

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.

61.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$383

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 3 by compensation

Provider	Service type	Compensation
MITCHELL MCLEOD PUGH & WILLIAMS2 years Filed as: MITCHELL, MCLEOD, PUGH AND WILLIAMS Service code 27 · EIN 20-3706574	Advisory (Plan)	$33,500
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969	Recordkeeping	$28,293
POSTLETHWAITE & NETTERVILLE1 year Service code 10 · EIN 72-1202445	Accounting	$11,750

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$74K

$362 / participant

Investment mgmt$34K45.6%
Contract admin$28K38.5%
Other / not subdivided$12K16.0%

% of EOY assets

0.363%

all-in expense ratio

Categories reported

2 / 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: POSTLETHWAITE & NETTERVILLE
Auditor EIN: 721202445
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,828

$80,753+21.1%

$136,298-28.2%

$62,293+57.0%

Participation rate

65.0%

73.5%-8.5pp

81.9%-16.9pp

69.5%-4.5pp

Annual return

17.26%

35.83%-18.6pp

5156.27%-5139.0pp

28.90%-11.6pp

Employer contribution / active EE

$2,747

$2,884-4.7%

$4,696-41.5%

$2,042+34.5%

Participant deferral / active EE

$4,918

$5,164-4.8%

$6,247-21.3%

$3,169+55.2%

Admin fee / account holder

$355

$525-32.4%

$9,244-96.2%

$479-25.9%

Provider

Service type

Compensation

MITCHELL MCLEOD PUGH & WILLIAMS2 years

Filed as: MITCHELL, MCLEOD, PUGH AND WILLIAMS

Service code 27 · EIN 20-3706574

Advisory (Plan)

$33,500

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

Recordkeeping

$28,293

POSTLETHWAITE & NETTERVILLE1 year

Service code 10 · EIN 72-1202445

Accounting

$11,750

GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH (A PLC) 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GALLOWAY, JOHNSON, TOMPKINS, BURR & SMITH (A PLC) 401(K) 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