Retirement plan

HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C. 401(K) SAVINGS PLAN

Name: HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C. - HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C. 401(K) SAVINGS PLAN (2019) Form 5500
Creator: HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C. 401(K) SAVINGS PLAN, HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C.

HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C.EIN 74-1950349Plan #002PY 2019

1021 UNIVERSITY DRIVE EAST - COLLEGE STATION, TX 77840979-846-4726hle.comLinkedIn11-50 employeeslaw practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+24.0% from 2018

Total participants

+7.7% from 2018

Average account balance

$124,379

+24.0% from 2018

Annual return

23.88%

+33.91 pp from 2018

Benchmarks

See 119,329 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,329 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.12M

Not enough data

1 years with asset history on file

Average account balance

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

$264K

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.

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4429

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 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$119K

$13193 / participant

Other / not subdivided$119K100.0%

% of EOY assets

7.343%

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

$124,379

$157,304-20.9%

$141,197-11.9%

$152,909-18.7%

Participation rate

88.9%

84.8%+4.1pp

82.5%+6.4pp

Annual return

23.88%

64.34%-40.5pp

71.41%-47.5pp

345.46%-321.6pp

Employer contribution / active EE

$2,913

$5,263-44.6%

$4,736-38.5%

$4,764-38.8%

Participant deferral / active EE

$9,172

$7,111+29.0%

$6,710+36.7%

$5,851+56.7%

Admin fee / account holder

$9,133

$12,126-24.7%

$10,265-11.0%

$11,601-21.3%

HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOELSCHER, LIPSEY, ELMORE, POOLE & TURNBILL P.C. 401(K) 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