Retirement plan

CANTEY HANGER 401(K) PLAN

Name: CANTEY HANGER LLP - CANTEY HANGER 401(K) PLAN (2020) Form 5500
Creator: CANTEY HANGER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANTEY HANGER 401(K) PLAN, CANTEY HANGER LLP

CANTEY HANGER LLPEIN 75-0756050Plan #002PY 2020

600 WEST 6TH ST STE 300 - FORT WORTH, TX 76102817-877-2800canteyhanger.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$28.9M

+0.5% from 2019

Total participants

132

-12.6% from 2019

Average account balance

$224,198

+14.5% from 2019

Annual return

10.83%

-8.86 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.00M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

124

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.

82.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$814K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 5 by compensation

Provider	Service type	Compensation
WHITLEY PENN LLP1 year Filed as: WHITLEY PENN, LLP Service code 15 · EIN 75-2393478	Recordkeeping	$20,675
FROST BANK1 year Filed as: FROST WEALTH ADVISORS Service code 15 · EIN 74-0635455	Recordkeeping	$10,513
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$2,426
ADP BROKER-DEALER2 years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0
TD AMERITRADE, INC.2 years Service code 33 · EIN 82-0543156	Securities brokerage; Distribution (1...	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$443 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.124%

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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$224,198

$98,776+127.0%

$149,745+49.7%

$79,856+180.8%

Participation rate

96.3%

75.8%+20.5pp

82.5%+13.8pp

69.6%+26.7pp

Annual return

10.83%

27.38%-16.5pp

276.72%-265.9pp

31.71%-20.9pp

Employer contribution / active EE

$3,286

$3,217+2.1%

$4,646-29.3%

$2,471+33.0%

Participant deferral / active EE

$6,929

$5,681+22.0%

$6,843+1.3%

$3,741+85.2%

Admin fee / account holder

$278

$6,053-95.4%

$9,312-97.0%

$5,306-94.8%

Provider

Service type

Compensation

WHITLEY PENN LLP1 year

Filed as: WHITLEY PENN, LLP

Service code 15 · EIN 75-2393478

Recordkeeping

$20,675

FROST BANK1 year

Filed as: FROST WEALTH ADVISORS

Service code 15 · EIN 74-0635455

Recordkeeping

$10,513

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$2,426

ADP BROKER-DEALER2 years

Service code 59 · EIN 22-3319984

Shareholder Servicing

TD AMERITRADE, INC.2 years

Service code 33 · EIN 82-0543156

Securities brokerage; Distribution (1...

CANTEY HANGER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANTEY HANGER 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