Retirement plan

MUNSCH HARDT KOPF & HARR, P.C. PROFIT SHARING PLAN

Name: MUNSCH HARDT KOPF & HARR, P.C. - MUNSCH HARDT KOPF & HARR, P.C. PROFIT SHARING PLAN (2024) Form 5500
Creator: MUNSCH HARDT KOPF & HARR, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MUNSCH HARDT KOPF & HARR, P.C. PROFIT SHARING PLAN, MUNSCH HARDT KOPF & HARR, P.C.

MUNSCH HARDT KOPF & HARR, P.C.EIN 75-2096964Plan #001PY 2024

500 NORTH AKARD STREET SUITE 3800 - DALLAS, TX 75201214-855-7500munsch.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$111.2M

+16.3% from 2023

Total participants

375

+6.5% from 2023

Average account balance

$300,564

+10.7% from 2023

Annual return

16.51%

-4.43 pp from 2023

Benchmarks

See 3,307 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$111.21M

Not enough data

1 years with asset history on file

Average account balance

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

$301K

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.

370

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+16.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$330

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
FIDELITY INVESTMENTS INSTITUTIONAL9 years Service code 37 · EIN 04-2647786	Loan Processing	$48,018
KESTRA INVESTMENT SERVICES LLC7 years Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359	Advisory (Plan)	$37,500
NFP RETIREMENT INC1 year Service code 27 · EIN 33-0905143	Advisory (Plan)	$22,500
SUTTON FROST CARY LLP2 years Filed as: SUTTON CARY FROST LLP Service code 10 · EIN 75-2593210	Accounting	$14,500

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D2R

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$122K

$438 / participant

Recordkeeping$48K39.0%
Investment mgmt$60K49.1%
Other / not subdivided$15K11.9%

% of EOY assets

0.110%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SUTTON FROST CARY, LLP
Auditor EIN: 752593210
Audit fees: $14,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$300,564

$106,164+183.1%

$147,041+104.4%

$77,692+286.9%

Participation rate

98.2%

78.4%+19.8pp

82.2%+16.0pp

70.6%+27.6pp

Annual return

16.51%

56.81%-40.3pp

419.21%-402.7pp

31.25%-14.7pp

Employer contribution / active EE

$7,861

$4,066+93.3%

$4,935+59.3%

$2,726+188.3%

Participant deferral / active EE

$16,202

$7,993+102.7%

$8,071+100.7%

$4,648+248.6%

Admin fee / account holder

$330

$338-2.3%

$13,006-97.5%

$431-23.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Service code 37 · EIN 04-2647786

Loan Processing

$48,018

KESTRA INVESTMENT SERVICES LLC7 years

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27 · EIN 35-2552359

Advisory (Plan)

$37,500

NFP RETIREMENT INC1 year

Service code 27 · EIN 33-0905143

Advisory (Plan)

$22,500

SUTTON FROST CARY LLP2 years

Filed as: SUTTON CARY FROST LLP

Service code 10 · EIN 75-2593210

Accounting

$14,500

MUNSCH HARDT KOPF & HARR, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MUNSCH HARDT KOPF & HARR, P.C. PROFIT SHARING 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