Retirement plan

EDWARDS WILDMAN RETIREMENT SAVINGS PLAN

Name: LOCKE LORD LLP - EDWARDS WILDMAN RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: LOCKE LORD LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDWARDS WILDMAN RETIREMENT SAVINGS PLAN, LOCKE LORD LLP

LOCKE LORD LLPEIN 74-1164324Plan #010PY 2016

2200 ROSS AVE., SUITE 2800 - DALLAS, TX 75201214-740-8565

Other plans on this EIN

6 filings

#001Retirement-$408.2M assets #007Retirement-$63.5M assets #011Retirement-$55.0M assets #004Retirement-$40.6M assets #008Retirement-$14.3M assets #009Retirement-$10.0M assets

Prospect flagsLow returnsHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$209.7M

+9.2% from 2016

Total participants

756

+10.7% from 2016

Average account balance

$282,267

-1.6% from 2016

Annual return

6.16%

-14.84 pp from 2016

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-93.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 9 by compensation

Provider	Service type	Compensation
LOCKE LORD LLP2+ years Service code 10 · EIN 74-1164324	Accounting	$70,056
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 15 · EIN 04-1590850	Recordkeeping	$27,469
CORAL GABLES TRUST CO2+ years Service code 26 · EIN 47-2076992	Advisory (Participants)	$10,349
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782	Securities brokerage	$9,612
CORAL GABLES TRUST CO1 year Filed as: CORAL GABLES TRUST CO. Service code 26 · EIN 47-2076992	Advisory (Participants)	$7,742
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLC Service code 26 · EIN 35-2552359	Advisory (Participants)	$5,831
NFPAS2+ years Service code 26 · EIN 74-2794194	Advisory (Participants)	$5,431
CHARLES SCHWAB & CO., INC.1 year Service code 59 · EIN 94-1737782	Shareholder Servicing	$3,932
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB INVESTMENT MANAGEMEN Service code 59 · EIN 94-3106735	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

4 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$26K

$85 / participant

Contract admin$26K100.0%

% of EOY assets

0.012%

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: WHITLEY PEN LLC
Auditor EIN: 752392478
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$282,267

$80,177+252.1%

$123,894+127.8%

$57,661+389.5%

Participation rate

95.7%

74.4%+21.3pp

81.4%+14.3pp

70.2%+25.5pp

Annual return

6.16%

17.90%-11.7pp

47.52%-41.4pp

5.13%+1.0pp

Employer contribution / active EE

$16,527

$2,913+467.4%

$4,617+258.0%

$1,974+737.3%

Participant deferral / active EE

$7,806

$5,130+52.2%

$5,984+30.4%

$3,061+155.1%

Admin fee / account holder

$35

$106-67.1%

$8,357-99.6%

$95-63.0%

Provider

Service type

Compensation

LOCKE LORD LLP2+ years

Service code 10 · EIN 74-1164324

Accounting

$70,056

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 15 · EIN 04-1590850

Recordkeeping

$27,469

CORAL GABLES TRUST CO2+ years

Service code 26 · EIN 47-2076992

Advisory (Participants)

$10,349

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33 · EIN 94-1737782

Securities brokerage

$9,612

CORAL GABLES TRUST CO1 year

Filed as: CORAL GABLES TRUST CO.

Service code 26 · EIN 47-2076992

Advisory (Participants)

$7,742

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 26 · EIN 35-2552359

Advisory (Participants)

$5,831

NFPAS2+ years

Service code 26 · EIN 74-2794194

Advisory (Participants)

$5,431

CHARLES SCHWAB & CO., INC.1 year

Service code 59 · EIN 94-1737782

Shareholder Servicing

$3,932

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB INVESTMENT MANAGEMEN

Service code 59 · EIN 94-3106735

Shareholder Servicing

EDWARDS WILDMAN RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDWARDS WILDMAN RETIREMENT SAVINGS 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