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 (2024) 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 2024

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)

$35.2M

+16.0% from 2023

Total participants

344

0.0% from 2023

Average account balance

$147,721

+19.5% from 2023

Annual return

14.89%

-4.32 pp from 2023

Benchmarks

See 3,307 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,307 peers

Snapshot2024

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
NEWPORT GROUP, INC.8 years Service code 15 · EIN 27-2037969	Recordkeeping	$46,543
MITCHELL, MCLEOD, PUGH & WILLIAMS9 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.2 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (individual); Trustee (bank, ...	$9,533

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

$91K

$332 / participant

Recordkeeping$10K11.3%
Trustee / custodial$10K10.5%
Investment mgmt$35K38.4%
Contract admin$36K39.8%

% of EOY assets

0.259%

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

$147,721

$106,164+39.1%

$147,041+0.5%

$77,692+90.1%

Participation rate

61.3%

78.4%-17.1pp

82.2%-20.9pp

70.6%-9.3pp

Annual return

14.89%

56.81%-41.9pp

419.21%-404.3pp

31.25%-16.4pp

Employer contribution / active EE

$2,492

$4,066-38.7%

$4,935-49.5%

$2,726-8.6%

Participant deferral / active EE

$5,621

$7,993-29.7%

$8,071-30.4%

$4,648+20.9%

Admin fee / account holder

$383

$338+13.2%

$13,006-97.1%

$431-11.1%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 15 · EIN 27-2037969

Recordkeeping

$46,543

MITCHELL, MCLEOD, PUGH & WILLIAMS9 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.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

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

$9,533

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