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 (2022) 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 2022

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)

$37.1M

-15.9% from 2021

Total participants

167

-5.1% from 2021

Average account balance

$226,068

-13.9% from 2021

Annual return

-12.38%

-31.82 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
EXTRACO BANKS7+ years Service code 26 P.O. BOX 6101 · TEMPLE, TX 76503	Advisory (Participants)	$61,565
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	$24,614
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (directed); Trustee (bank, tr...	$12,806
NEWPORT GROUP, INC.7+ years Service code 14 · EIN 27-2073969	Plan Administrator	$9,586

Plan features & details

Pension benefit codes2T3D2E2F2G2J2R3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$109K

$961 / participant

Other / not subdivided$109K100.0%

% of EOY assets

0.293%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JAYNES REITMEYER BOYD & THERREL
Auditor EIN: 742533381
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$226,068

$84,499+167.5%

$125,391+80.3%

$66,949+237.7%

Participation rate

97.3%

76.4%+20.9pp

82.4%+15.0pp

69.8%+27.5pp

Annual return

-12.38%

-8.49%-3.9pp

572.41%-584.8pp

1.57%-13.9pp

Employer contribution / active EE

$10,973

$3,554+208.8%

$4,816+127.9%

$2,545+331.1%

Participant deferral / active EE

$7,853

$6,785+15.7%

$7,448+5.4%

$4,239+85.2%

Admin fee / account holder

$662

$685-3.4%

$10,009-93.4%

$594+11.5%

Provider

Service type

Compensation

EXTRACO BANKS7+ years

Service code 26

P.O. BOX 6101 · TEMPLE, TX 76503

Advisory (Participants)

$61,565

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

$24,614

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (directed); Trustee (bank, tr...

$12,806

NEWPORT GROUP, INC.7+ years

Service code 14 · EIN 27-2073969

Plan Administrator

$9,586

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