Retirement plan

CARR, RIGGS & INGRAM, LLC 401(K) PLAN & TRUST

Name: CARR, RIGGS & INGRAM, LLC - CARR, RIGGS & INGRAM, LLC 401(K) PLAN & TRUST (2020) Form 5500
Creator: CARR, RIGGS & INGRAM, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARR, RIGGS & INGRAM, LLC 401(K) PLAN & TRUST, CARR, RIGGS & INGRAM, LLC

CARR, RIGGS & INGRAM, LLCEIN 72-1396621Plan #001PY 2020

P.O. BOX 312044 - ENTERPRISE, AL 36331334-347-0088cricpa.comLinkedIn1001-5000 employeesmanagement consulting

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$219.3M

-32.2% from 2017

Total participants

2,181

-22.4% from 2017

Average account balance

$105,448

-10.1% from 2017

Annual return

14.55%

-24.09 pp from 2017

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$328.16M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

2,490

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.

88.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+25.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$546,479
LEVEL FOUR ADVISORY SERVICES1 year Filed as: LEVEL FOUR ADVISORY SERVICES LLC Service code 27 · EIN 11-3738689	Advisory (Plan)	$316,822
BURKETT, BURKETT & BURKETT1 year Service code 10 · EIN 57-0692602	Accounting	$11,000

Plan features & details

Pension benefit codes2A2E2F2G2J3B2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$874K

$484 / participant

Investment mgmt$317K36.2%
Contract admin$546K62.5%
Other / not subdivided$11K1.3%

% of EOY assets

0.399%

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: BURKETT, BURKETT & BURKETT
Auditor EIN: 570692602
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,448

$127,481-17.3%

$149,751-29.6%

$90,274+16.8%

Participation rate

94.4%

78.2%+16.2pp

82.5%+11.9pp

73.4%+21.1pp

Annual return

14.55%

57.78%-43.2pp

276.71%-262.2pp

53.97%-39.4pp

Employer contribution / active EE

$3,261

$3,448-5.4%

$4,646-29.8%

$2,523+29.2%

Participant deferral / active EE

$5,999

$6,975-14.0%

$6,843-12.3%

$4,231+41.8%

Admin fee / account holder

$420

$152+177.1%

$9,312-95.5%

$114+268.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$546,479

LEVEL FOUR ADVISORY SERVICES1 year

Filed as: LEVEL FOUR ADVISORY SERVICES LLC

Service code 27 · EIN 11-3738689

Advisory (Plan)

$316,822

BURKETT, BURKETT & BURKETT1 year

Service code 10 · EIN 57-0692602

Accounting

$11,000

CARR, RIGGS & INGRAM, LLC 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARR, RIGGS & INGRAM, LLC 401(K) 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