Retirement plan

MCAFEE & TAFT RETIREMENT PLAN

Name: MCAFEE & TAFT A PROFESSIONAL CORPORATION - MCAFEE & TAFT RETIREMENT PLAN (2019) Form 5500
Creator: MCAFEE & TAFT A PROFESSIONAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCAFEE & TAFT RETIREMENT PLAN, MCAFEE & TAFT A PROFESSIONAL CORPORATION

MCAFEE & TAFT A PROFESSIONAL CORPORATIONEIN 73-0781676Plan #001PY 2019

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$158.9M

+17.7% from 2018

Total participants

370

+2.8% from 2018

Average account balance

$434,033

+14.8% from 2018

Annual return

21.29%

+25.05 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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 5 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC5+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$49,998
VALENDO PRIVATE ASSET MANAGEMENT2 years Service code 26 · EIN 71-0975115	Advisory (Participants)	$39,916
MARINER LLC1 year Filed as: MARINER WEATLH ADVISORS Service code 26 · EIN 20-4553256	Advisory (Participants)	$28,076
STRATEGIC ADVISORS, INC.5+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,532
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	-$182

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$122K

$428 / participant

Investment mgmt$7K6.0%
Other / not subdivided$115K94.0%

% of EOY assets

0.077%

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

$434,033

$88,122+392.5%

$141,197+207.4%

$67,582+542.2%

Participation rate

98.6%

76.5%+22.1pp

82.5%+16.1pp

71.3%+27.3pp

Annual return

21.29%

75.40%-54.1pp

71.41%-50.1pp

378.57%-357.3pp

Employer contribution / active EE

$13,926

$3,224+331.9%

$4,736+194.0%

$2,148+548.4%

Participant deferral / active EE

$9,207

$5,958+54.5%

$6,710+37.2%

$3,539+160.1%

Admin fee / account holder

$335

$131+155.6%

$10,265-96.7%

$142+135.1%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC5+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$49,998

VALENDO PRIVATE ASSET MANAGEMENT2 years

Service code 26 · EIN 71-0975115

Advisory (Participants)

$39,916

MARINER LLC1 year

Filed as: MARINER WEATLH ADVISORS

Service code 26 · EIN 20-4553256

Advisory (Participants)

$28,076

STRATEGIC ADVISORS, INC.5+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,532

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$182

MCAFEE & TAFT RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCAFEE & TAFT RETIREMENT 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