Retirement plan

MILLS SHIRLEY L.L.P. PENSION PLAN

Name: MILLS SHIRLEY L.L.P. - MILLS SHIRLEY L.L.P. PENSION PLAN (2020) Form 5500
Creator: MILLS SHIRLEY L.L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLS SHIRLEY L.L.P. PENSION PLAN, MILLS SHIRLEY L.L.P.

MILLS SHIRLEY L.L.P.EIN 74-1498061Plan #005PY 2020

2228 MECHANIC ST STE 400 - GALVESTON, TX 775501591409-763-2341millsshirley.comLinkedIn11-50 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$20.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+16.5% from 2019

Total participants

+5.9% from 2019

Average account balance

$68,889

+9.6% from 2019

Annual return

12.79%

-3.49 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

$102K

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

-95.69%

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D2C2R

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$25K

$1084 / participant

Other / not subdivided$25K100.0%

% of EOY assets

1.065%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,889

$165,399-58.4%

$149,745-54.0%

$158,982-56.7%

Participation rate

91.3%

84.6%+6.7pp

82.5%+8.8pp

82.0%+9.3pp

Annual return

12.79%

348.34%-335.5pp

276.72%-263.9pp

302.99%-290.2pp

Employer contribution / active EE

$4,303

$5,105-15.7%

$4,646-7.4%

$4,763-9.7%

Participant deferral / active EE

$7,183-100.0%

$6,843-100.0%

$5,983-100.0%

Admin fee / account holder

$733

$10,811-93.2%

$9,312-92.1%

$11,252-93.5%

MILLS SHIRLEY L.L.P. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLS SHIRLEY L.L.P. PENSION 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