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 (2023) 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 2023

ONE SHELL SQUARE 701 POYDRAS STREET - NEW ORLEANS, LA 70139504-648-6352gallowaylawfirm.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$30.3M

+21.4% from 2022

Total participants

344

+2.1% from 2022

Average account balance

$123,656

+18.0% from 2022

Annual return

19.21%

+37.51 pp from 2022

Benchmarks

See 3,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,234 peers

Snapshot2023

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 & WILLIAMS8 years Filed as: MITCHELL, MCLEOD, PUGH AND WILLIAMS Service code 27 · EIN 20-3706574 2610 DAUPHIN STREET · MOBILE, AL 36606	Advisory (Plan)	$35,000
NEWPORT GROUP, INC.7 years Service code 15 · EIN 27-2037969	Recordkeeping	$34,826
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (individual); Trustee (bank, ...	$7,459

Plan features & details

Pension benefit codes2E2F2G2J2R2T2X3D

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

$77K

$291 / participant

Recordkeeping$8K10.6%
Trustee / custodial$7K9.7%
Investment mgmt$35K45.3%
Contract admin$27K34.5%

% of EOY assets

0.255%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,656

$95,369+29.7%

$135,942-9.0%

$74,440+66.1%

Participation rate

62.8%

78.2%-15.4pp

81.9%-19.1pp

70.7%-8.0pp

Annual return

19.21%

32.72%-13.5pp

68.28%-49.1pp

34.37%-15.2pp

Employer contribution / active EE

$2,808

$3,878-27.6%

$4,858-42.2%

$2,638+6.5%

Participant deferral / active EE

$4,961

$7,788-36.3%

$7,759-36.1%

$4,529+9.6%

Admin fee / account holder

$315

$266+18.5%

$10,764-97.1%

$348-9.3%

Provider

Service type

Compensation

MITCHELL, MCLEOD, PUGH & WILLIAMS8 years

Filed as: MITCHELL, MCLEOD, PUGH AND WILLIAMS

Service code 27 · EIN 20-3706574

2610 DAUPHIN STREET · MOBILE, AL 36606

Advisory (Plan)

$35,000

NEWPORT GROUP, INC.7 years

Service code 15 · EIN 27-2037969

Recordkeeping

$34,826

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (individual); Trustee (bank, ...

$7,459

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