Retirement plan

PORTER HEDGES SALARY DEFERRAL 401(K) PLAN

Name: PORTER HEDGES LLP - PORTER HEDGES SALARY DEFERRAL 401(K) PLAN (2021) Form 5500
Creator: PORTER HEDGES LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORTER HEDGES SALARY DEFERRAL 401(K) PLAN, PORTER HEDGES LLP

PORTER HEDGES LLPEIN 74-2174193Plan #002PY 2021

1000 MAIN STREET 36TH FLOOR - HOUSTON, TX 770026336713-226-6616porterhedges.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$68.3M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$40.3M

+12.3% from 2020

Total participants

123

-5.4% from 2020

Average account balance

$330,251

+15.9% from 2020

Annual return

11.98%

-17.15 pp from 2020

Benchmarks

See 27,003 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,003 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.80M

Not enough data

1 years with asset history on file

Average account balance

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

$344K

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.

136

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+23.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$22,839

Plan features & details

Pension benefit codes2E2F2G2J2R2T

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$26K

$424 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.064%

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: PARNELL KERR FORSTER OF TEXAS P.C
Auditor EIN: 760356844
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$330,251

$105,198+213.9%

$159,455+107.1%

$85,856+284.7%

Participation rate

98.4%

75.8%+22.6pp

82.8%+15.5pp

69.3%+29.0pp

Annual return

11.98%

45.08%-33.1pp

263.63%-251.7pp

318.58%-306.6pp

Employer contribution / active EE

$3,319-100.0%

$4,830-100.0%

$2,565-100.0%

Participant deferral / active EE

$19,562

$5,946+229.0%

$7,353+166.0%

$3,952+395.0%

Admin fee / account holder

$212

$6,934-96.9%

$10,800-98.0%

$6,261-96.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$22,839

PORTER HEDGES SALARY DEFERRAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTER HEDGES SALARY DEFERRAL 401(K) 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