Retirement plan

PATTILLO, BROWN & HILL, LLP 401(K) PROFIT SHARING PLAN & TRUST

Name: PATTILLO, BROWN & HILL, L.L.P. - PATTILLO, BROWN & HILL, LLP 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: PATTILLO, BROWN & HILL, L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PATTILLO, BROWN & HILL, LLP 401(K) PROFIT SHARING PLAN & TRUST, PATTILLO, BROWN & HILL, L.L.P.

PATTILLO, BROWN & HILL, L.L.P.EIN 74-1130599Plan #002PY 2023

P.O. BOX 20725 - WACO, TX 767020725254-772-4901pbhcpa.comLinkedIn51-200 employeesaccounting

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.5M

+12.9% from 2022

Total participants

191

+1.6% from 2022

Average account balance

$75,594

+14.4% from 2022

Annual return

16.03%

+31.32 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.40M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

165

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.

80.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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
INVESTORS BROKERAGE OF TEXAS, LTD7 years Filed as: INVESTORS BROKERAGE OF TEXAS, LTD. Service code 26 · EIN 74-2069435	Advisory (Participants)	$35,355
WITHUMSMITH+BROWN, PC7 years Filed as: PATTILLO, BROWN & HILL, LLP Service code 15 · EIN 74-1130599	Recordkeeping	$2,550

Plan features & details

Pension benefit codes2E2F2G2J2K3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$38K

$246 / participant

Recordkeeping$3K6.7%
Investment mgmt$35K93.3%

% of EOY assets

0.330%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JAMES MILLER, CPA PC
Auditor EIN: 271127796
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,594

$91,439-17.3%

$135,974-44.4%

$71,511+5.7%

Participation rate

74.7%

75.7%-1.0pp

81.9%-7.2pp

67.9%+6.7pp

Annual return

16.03%

29.90%-13.9pp

68.30%-52.3pp

28.86%-12.8pp

Employer contribution / active EE

$1,459

$3,705-60.6%

$4,859-70.0%

$2,589-43.7%

Participant deferral / active EE

$4,544

$7,093-35.9%

$7,760-41.4%

$4,291+5.9%

Admin fee / account holder

$249

$1,267-80.3%

$10,767-97.7%

$1,588-84.3%

Provider

Service type

Compensation

INVESTORS BROKERAGE OF TEXAS, LTD7 years

Filed as: INVESTORS BROKERAGE OF TEXAS, LTD.

Service code 26 · EIN 74-2069435

Advisory (Participants)

$35,355

WITHUMSMITH+BROWN, PC7 years

Filed as: PATTILLO, BROWN & HILL, LLP

Service code 15 · EIN 74-1130599

Recordkeeping

$2,550

PATTILLO, BROWN & HILL, LLP 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PATTILLO, BROWN & HILL, LLP 401(K) PROFIT SHARING PLAN & TRUST

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