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 (2020) 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 2020

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$36.3M

+8.2% from 2019

Total participants

169

+4.3% from 2019

Average account balance

$217,214

+1.7% from 2019

Annual return

4.05%

+2.23 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
EXTRACO BANKS5+ years Service code 26 P.O. BOX 6101 · TEMPLE, TX 76503	Advisory (Participants)	$35,666
OBS FINANCIAL5+ years Filed as: OBS FINANCIAL SERVICES Service code 26 10200 WATERVILLE STREET · WHITEHOUSE, OH 43571	Advisory (Participants)	$29,722
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (discretionary); Trustee (ind...	$13,990
NEWPORT GROUP, INC.5+ years Service code 14 · EIN 27-2073969	Plan Administrator	$12,911

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3F

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

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$92K

$870 / participant

Investment mgmt$65K70.9%
Contract admin$13K14.0%
Other / not subdivided$14K15.1%

% of EOY assets

0.254%

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

$217,214

$99,957+117.3%

$149,745+45.1%

$73,497+195.5%

Participation rate

98.1%

75.7%+22.4pp

82.5%+15.6pp

70.7%+27.4pp

Annual return

4.05%

53.87%-49.8pp

276.72%-272.7pp

28.51%-24.5pp

Employer contribution / active EE

$9,717

$3,191+204.5%

$4,646+109.2%

$2,270+328.0%

Participant deferral / active EE

$7,794

$6,073+28.3%

$6,843+13.9%

$3,740+108.4%

Admin fee / account holder

$552

$551+0.3%

$9,312-94.1%

$513+7.6%

Provider

Service type

Compensation

EXTRACO BANKS5+ years

Service code 26

P.O. BOX 6101 · TEMPLE, TX 76503

Advisory (Participants)

$35,666

OBS FINANCIAL5+ years

Filed as: OBS FINANCIAL SERVICES

Service code 26

10200 WATERVILLE STREET · WHITEHOUSE, OH 43571

Advisory (Participants)

$29,722

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (discretionary); Trustee (ind...

$13,990

NEWPORT GROUP, INC.5+ years

Service code 14 · EIN 27-2073969

Plan Administrator

$12,911

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