Retirement plan

NAMAN HOWELL SMITH & LEE PLLC EMPLOYEES PROFIT SHARING PLAN AND TRUST

Name: NAMAN HOWELL SMITH & LEE PLLC - NAMAN HOWELL SMITH & LEE PLLC EMPLOYEES PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: NAMAN HOWELL SMITH & LEE PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NAMAN HOWELL SMITH & LEE PLLC EMPLOYEES PROFIT SHARING PLAN AND TRUST, NAMAN HOWELL SMITH & LEE PLLC

NAMAN HOWELL SMITH & LEE PLLCEIN 74-2004800Plan #002PY 2018

400 AUSTIN AVENUE, SUITE 800 - WACO, TX 76701254-755-4100namanhowell.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$33M

+10.3% from 2017

Total participants

162

+5.2% from 2017

Average account balance

$210,291

+4.0% from 2017

Annual return

8.06%

-3.04 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.37M

Not enough data

1 years with asset history on file

Average account balance

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

$277K

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.

189

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$382

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 3 by compensation

Provider	Service type	Compensation
EXTRACO BANKS3+ years Service code 26 P.O. BOX 6101 · TEMPLE, TX 76503	Advisory (Participants)	$34,064
NEWPORT GROUP, INC.3+ years Service code 14 · EIN 27-2073969	Plan Administrator	$29,933
OBS FINANCIAL3+ years Filed as: OBS FINANCIAL SERVICES Service code 26 10200 WATERVILLE STREET · WHITEHOUSE, OH 43571	Advisory (Participants)	$26,813

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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

$91K

$776 / participant

Investment mgmt$61K67.0%
Contract admin$17K18.7%
Other / not subdivided$13K14.3%

% of EOY assets

0.275%

all-in expense ratio

Categories reported

2 / 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: JAYNES REITMEYER BOYD & THERREL
Auditor EIN: 742533381
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,291

$73,102+187.7%

$123,553+70.2%

$56,289+273.6%

Participation rate

95.7%

74.3%+21.4pp

82.3%+13.4pp

69.9%+25.9pp

Annual return

8.06%

3.01%+5.1pp

119.21%-111.1pp

-9.96%+18.0pp

Employer contribution / active EE

$6,838

$2,977+129.7%

$4,628+47.7%

$2,111+223.9%

Participant deferral / active EE

$6,216

$5,423+14.6%

$6,426-3.3%

$3,350+85.6%

Admin fee / account holder

$578

$554+4.5%

$9,284-93.8%

$521+11.0%

Provider

Service type

Compensation

EXTRACO BANKS3+ years

Service code 26

P.O. BOX 6101 · TEMPLE, TX 76503

Advisory (Participants)

$34,064

NEWPORT GROUP, INC.3+ years

Service code 14 · EIN 27-2073969

Plan Administrator

$29,933

OBS FINANCIAL3+ years

Filed as: OBS FINANCIAL SERVICES

Service code 26

10200 WATERVILLE STREET · WHITEHOUSE, OH 43571

Advisory (Participants)

$26,813

NAMAN HOWELL SMITH & LEE PLLC EMPLOYEES PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NAMAN HOWELL SMITH & LEE PLLC EMPLOYEES PROFIT SHARING PLAN AND 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