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 (2021) 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 2021

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

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+11.9% from 2020

Total participants

+16.7% from 2020

Average account balance

$191,649

+3.3% from 2020

Annual return

8.33%

-25.20 pp from 2020

Benchmarks

See 126,102 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,102 peers

Snapshot2021

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 codes2E2F2G2J2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$43K

$5416 / participant

Other / not subdivided$43K100.0%

% of EOY assets

1.739%

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

$191,649

$176,105+8.8%

$159,474+20.2%

$167,536+14.4%

Participation rate

87.5%

85.0%+2.5pp

82.8%+4.7pp

82.1%+5.4pp

Annual return

8.33%

331.91%-323.6pp

263.68%-255.3pp

478.82%-470.5pp

Employer contribution / active EE

$2,262

$5,299-57.3%

$4,831-53.2%

$4,839-53.3%

Participant deferral / active EE

$10,765

$7,751+38.9%

$7,353+46.4%

$6,342+69.7%

Admin fee / account holder

$3,333

$12,559-73.5%

$10,802-69.1%

$12,315-72.9%

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