Retirement plan

DMMG, PLLC 401(K) PLAN

Name: DAVIS MILES MCGUIRE GARDNER, PLLC - DMMG, PLLC 401(K) PLAN (2019) Form 5500
Creator: DAVIS MILES MCGUIRE GARDNER, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DMMG, PLLC 401(K) PLAN, DAVIS MILES MCGUIRE GARDNER, PLLC

DAVIS MILES MCGUIRE GARDNER, PLLCEIN 73-1646406Plan #001PY 2019

40 E. RIO SALADO PARKWAY, SUITE 425 - TEMPE, AZ 85281480-344-0920davismiles.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.5M

+13.7% from 2018

Total participants

156

-11.4% from 2018

Average account balance

$26,823

+33.0% from 2018

Annual return

20.15%

+24.86 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.11M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

176

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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 2 by compensation

Provider	Service type	Compensation
WEALTHPLAN ADVISORS LLC4 years Filed as: WEALTHPLAN ADVISORS Service code 27 7272 E. INDIAN SCHOOL RD · SCOTTSDALE, AZ 85251	Advisory (Plan)	$18,023
THE VANGUARD GROUP, INC.4 years Service code 15 · EIN 23-1945930	Recordkeeping	$3,920

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$22K

$168 / participant

Investment mgmt$18K82.1%
Contract admin$4K17.9%

% of EOY assets

0.629%

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: FARNSWORTH COMPANY PLLC
Auditor EIN: 263483996
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,823

$89,652-70.1%

$141,191-81.0%

$65,185-58.9%

Participation rate

80.2%

74.7%+5.4pp

82.5%-2.3pp

70.2%+10.0pp

Annual return

20.15%

32.79%-12.6pp

71.41%-51.3pp

29.38%-9.2pp

Employer contribution / active EE

$801

$3,065-73.9%

$4,736-83.1%

$2,177-63.2%

Participant deferral / active EE

$4,751

$5,691-16.5%

$6,710-29.2%

$3,514+35.2%

Admin fee / account holder

$169

$569-70.3%

$10,264-98.4%

$847-80.1%

Provider

Service type

Compensation

WEALTHPLAN ADVISORS LLC4 years

Filed as: WEALTHPLAN ADVISORS

Service code 27

7272 E. INDIAN SCHOOL RD · SCOTTSDALE, AZ 85251

Advisory (Plan)

$18,023

THE VANGUARD GROUP, INC.4 years

Service code 15 · EIN 23-1945930

Recordkeeping

$3,920

DMMG, PLLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DMMG, PLLC 401(K) 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