Retirement plan

HAYNES AND BOONE RETIREMENT SAVINGS PLAN

Name: HAYNES AND BOONE, LLP - HAYNES AND BOONE RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: HAYNES AND BOONE, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAYNES AND BOONE RETIREMENT SAVINGS PLAN, HAYNES AND BOONE, LLP

HAYNES AND BOONE, LLPEIN 75-1312888Plan #002PY 2020

2323 VICTORY AVENUE, SUITE 700 - DALLAS, TX 75219214-651-5521haynesboone.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

3 filings

#001Retirement-$230.4M assets #003Retirement-$165.0M assets #005Retirement-$50.2M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$258.2M

-9.8% from 2016

Total participants

1,421

-3.7% from 2016

Average account balance

$190,586

-6.8% from 2016

Annual return

15.88%

-7.11 pp from 2016

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$360.48M

Not enough data

1 years with asset history on file

Average account balance

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

$227K

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.

1,590

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.24M

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

+17.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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 10 by compensation

Provider	Service type	Compensation
HOURGLASS CAPITAL LLC3 years Service code 26 · EIN 26-2695261	Advisory (Participants)	$36,769
TRIPPON WEALTH MANAGEMENT3 years Service code 26 · EIN 52-2392943	Advisory (Participants)	$20,926
EFFICIENT ADVISORS3 years Filed as: EFFICIENT MKT ADVISORS, A DIV Service code 26 · EIN 27-3047790	Advisory (Participants)	$14,992
WESTWOOD2 years Filed as: WESTWOOD ADVISORS LLC Service code 26 · EIN 37-1491886	Advisory (Participants)	$14,705
KEEL POINT CAPITAL LLC1 year Filed as: KEEL POINT CAPITAL Service code 26 · EIN 20-0166451	Advisory (Participants)	$12,213
BEACON POINTE ADVISORS LLC1 year Service code 26 · EIN 27-0636826	Advisory (Participants)	$9,354
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH PIERCE FENN Service code 50 · EIN 13-5674085	Direct Payment	$8,836
CHARLES SCHWAB & CO., INC.3 years Service code 33 · EIN 94-1737782	Securities brokerage; Float revenue; ...	$7,489
CREATIVE PLANNING LLC1 year Service code 26 · EIN 43-1270780	Advisory (Participants)	$7,355
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO., INC AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3F

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

OpportunityLow employer contribution
Employer contribution per participant 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

$3K

$3 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.001%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$190,586

$100,801+89.1%

$149,751+27.3%

$73,415+159.6%

Participation rate

93.2%

77.7%+15.5pp

82.5%+10.8pp

72.2%+21.1pp

Annual return

15.88%

265.34%-249.5pp

276.71%-260.8pp

59.30%-43.4pp

Employer contribution / active EE

$367

$3,312-88.9%

$4,646-92.1%

$2,234-83.6%

Participant deferral / active EE

$10,909

$6,404+70.3%

$6,843+59.4%

$3,806+186.6%

Admin fee / account holder

$181-98.6%

$9,312-100.0%

$158-98.4%

Provider

Service type

Compensation

HOURGLASS CAPITAL LLC3 years

Service code 26 · EIN 26-2695261

Advisory (Participants)

$36,769

TRIPPON WEALTH MANAGEMENT3 years

Service code 26 · EIN 52-2392943

Advisory (Participants)

$20,926

EFFICIENT ADVISORS3 years

Filed as: EFFICIENT MKT ADVISORS, A DIV

Service code 26 · EIN 27-3047790

Advisory (Participants)

$14,992

WESTWOOD2 years

Filed as: WESTWOOD ADVISORS LLC

Service code 26 · EIN 37-1491886

Advisory (Participants)

$14,705

KEEL POINT CAPITAL LLC1 year

Filed as: KEEL POINT CAPITAL

Service code 26 · EIN 20-0166451

Advisory (Participants)

$12,213

BEACON POINTE ADVISORS LLC1 year

Service code 26 · EIN 27-0636826

Advisory (Participants)

$9,354

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH PIERCE FENN

Service code 50 · EIN 13-5674085

Direct Payment

$8,836

CHARLES SCHWAB & CO., INC.3 years

Service code 33 · EIN 94-1737782

Securities brokerage; Float revenue; ...

$7,489

CREATIVE PLANNING LLC1 year

Service code 26 · EIN 43-1270780

Advisory (Participants)

$7,355

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO., INC AND AFFIL

Service code 59

Shareholder Servicing

HAYNES AND BOONE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAYNES AND BOONE RETIREMENT SAVINGS 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