Retirement plan

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF MCAFEE & TAFT A PROFESSIONAL CORPORATION

Name: MCAFEE & TAFT A PROFESSIONAL CORPORATION - SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF MCAFEE & TAFT A PROFESSIONAL CORPORATION (2016) Form 5500
Creator: MCAFEE & TAFT A PROFESSIONAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF MCAFEE & TAFT A PROFESSIONAL CORPORATION, MCAFEE & TAFT A PROFESSIONAL CORPORATION

MCAFEE & TAFT A PROFESSIONAL CORPORATIONEIN 73-0781676Plan #001PY 2016

10TH FLOOR, TWO LEADERSHIP SQUARE, 211 NORTH ROBINSON - OKLAHOMA CITY, OK 73102405-235-9621

Prospect flagsLow returnsHigh feesHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$125.1M

+2.6% from 2015

Total participants

351

+1.7% from 2015

Average account balance

$371,116

+0.8% from 2015

Annual return

6.92%

+6.77 pp from 2015

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$183.34M

Not enough data

1 years with asset history on file

Average account balance

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

$426K

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.

430

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+21.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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 6 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC2+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$50,000
FCM INVESTMENTS2+ years Service code 16 · EIN 75-2164223	Consulting	$31,853
VALENDO PRIVATE ASSE2+ years Service code 16 · EIN 71-0975115	Consulting	$27,854
MARK I1 year Service code 16 · EIN 73-1401304	Consulting	$18,294
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$10,151
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	-$8,385

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T

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.
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.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$146K

$513 / participant

Investment mgmt$10K7.0%
Other / not subdivided$136K93.0%

% of EOY assets

0.117%

all-in expense ratio

Categories reported

1 / 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: HOGAN TAYLOR LLP
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$371,116

$80,177+362.9%

$123,894+199.5%

$57,658+543.6%

Participation rate

95.1%

74.4%+20.6pp

81.4%+13.7pp

70.2%+24.8pp

Annual return

6.92%

17.90%-11.0pp

47.52%-40.6pp

5.13%+1.8pp

Employer contribution / active EE

$12,884

$2,913+342.3%

$4,617+179.1%

$1,974+552.8%

Participant deferral / active EE

$8,031

$5,130+56.5%

$5,984+34.2%

$3,061+162.4%

Admin fee / account holder

$433

$106+307.0%

$8,357-94.8%

$95+357.7%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC2+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$50,000

FCM INVESTMENTS2+ years

Service code 16 · EIN 75-2164223

Consulting

$31,853

VALENDO PRIVATE ASSE2+ years

Service code 16 · EIN 71-0975115

Consulting

$27,854

MARK I1 year

Service code 16 · EIN 73-1401304

Consulting

$18,294

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$10,151

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$8,385

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF MCAFEE & TAFT A PROFESSIONAL CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF MCAFEE & TAFT A PROFESSIONAL CORPORATION

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