Retirement plan

WALLACE DESIGN COLLECTIVE, PC 401(K) RETIREMENT PLAN

Name: WALLACE DESIGN COLLECTIVE, PC - WALLACE DESIGN COLLECTIVE, PC 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: WALLACE DESIGN COLLECTIVE, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALLACE DESIGN COLLECTIVE, PC 401(K) RETIREMENT PLAN, WALLACE DESIGN COLLECTIVE, PC

WALLACE DESIGN COLLECTIVE, PCEIN 73-1322436Plan #001PY 2024

123 N. MARTIN LUTHER KING JR. BLVD - TULSA, OK 74103918-584-5858wallace.designLinkedIn201-500 employeesdesign

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$30.4M

+15.9% from 2023

Total participants

317

-0.3% from 2023

Average account balance

$100,479

+15.5% from 2023

Annual return

19.52%

-6.08 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.44M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

303

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+19.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO ADVISORS FIN NETWORK LL Service code 27 1 NORTH JEFFERSON AVE · ST. LOUIS, MO 63103	Advisory (Plan)	$66,726
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$16,208
WJPR CPAS6 years Service code 13 5416 S. YALE AVE. · TULSA, OK 74135	Contract Administrator	$4,420
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,138

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$83K

$287 / participant

Contract admin$83K100.0%

% of EOY assets

0.274%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOOD AND ASSOCIATES CPAS, PC
Auditor EIN: 731432162
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,479

$106,230-5.4%

$147,080-31.7%

$77,736+29.3%

Participation rate

95.2%

78.4%+16.8pp

82.2%+13.0pp

70.6%+24.6pp

Annual return

19.52%

56.91%-37.4pp

420.17%-400.6pp

31.26%-11.7pp

Employer contribution / active EE

$2,639

$4,072-35.2%

$4,933-46.5%

$2,728-3.2%

Participant deferral / active EE

$7,002

$8,001-12.5%

$8,066-13.2%

$4,651+50.6%

Admin fee / account holder

$276

$338-18.6%

$12,989-97.9%

$433-36.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO ADVISORS FIN NETWORK LL

Service code 27

1 NORTH JEFFERSON AVE · ST. LOUIS, MO 63103

Advisory (Plan)

$66,726

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$16,208

WJPR CPAS6 years

Service code 13

5416 S. YALE AVE. · TULSA, OK 74135

Contract Administrator

$4,420

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,138

WALLACE DESIGN COLLECTIVE, PC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALLACE DESIGN COLLECTIVE, PC 401(K) 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