Retirement plan

MCAFEE & TAFT RETIREMENT PLAN

Name: MCAFEE & TAFT A PROFESSIONAL CORPORATION - MCAFEE & TAFT RETIREMENT PLAN (2023) 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 2023

8TH FLOOR, TWO LEADERSHIP SQUARE, 211 N. ROBINSON - OKLAHOMA CITY, OK 73102405-235-9621

Prospect flagsHigh assets / participantFailed to provide benefit

How to read this page

Total assets (EOY)

$153.2M

+23.4% from 2022

Total participants

401

+15.9% from 2022

Average account balance

$386,916

+6.3% from 2022

Annual return

22.85%

+41.87 pp from 2022

Benchmarks

See 3,240 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,240 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$15,123
MARINER LLC7 years Filed as: MARINER WEALTH ADVISORS Service code 26 · EIN 20-4553256	Advisory (Participants)	$13,905
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$12,273

Plan features & details

Pension benefit codes2T3D2A2E2F2G2J2R

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

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$44K

$143 / participant

Recordkeeping$18K39.8%
Investment mgmt$26K58.8%
Contract admin$6001.3%

% of EOY assets

0.029%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HOGAN TAYLOR LLP
Auditor EIN: 731413977
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$386,916

$95,274+306.1%

$135,903+184.7%

$74,419+419.9%

Participation rate

98.4%

78.2%+20.2pp

81.9%+16.5pp

70.7%+27.7pp

Annual return

22.85%

32.77%-9.9pp

68.23%-45.4pp

34.38%-11.5pp

Employer contribution / active EE

$15,095

$3,874+289.6%

$4,856+210.8%

$2,637+472.4%

Participant deferral / active EE

$9,985

$7,782+28.3%

$7,758+28.7%

$4,528+120.5%

Admin fee / account holder

$112

$266-57.8%

$10,762-99.0%

$348-67.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$15,123

MARINER LLC7 years

Filed as: MARINER WEALTH ADVISORS

Service code 26 · EIN 20-4553256

Advisory (Participants)

$13,905

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$12,273

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