Retirement plan

WINSTEAD 401(K) SAVINGS AND PROFIT SHARING PLAN

Name: WINSTEAD PC - WINSTEAD 401(K) SAVINGS AND PROFIT SHARING PLAN (2024) Form 5500
Creator: WINSTEAD PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINSTEAD 401(K) SAVINGS AND PROFIT SHARING PLAN, WINSTEAD PC

WINSTEAD PCEIN 75-2404691Plan #001PY 2024

2728 N HARWOOD ST STE 500 - DALLAS, TX 752011743214-745-5269winstead.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#006Retirement-$35.2M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$286.3M

+5.7% from 2023

Total participants

665

-1.6% from 2023

Average account balance

$450,126

+8.2% from 2023

Annual return

12.81%

-3.67 pp from 2023

Benchmarks

See 3,302 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,302 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$286.28M

Not enough data

1 years with asset history on file

Average account balance

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

$450K

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.

636

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+12.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$318

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
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$92,122
COOK STREET CONSULTING4 years Service code 13 · EIN 84-0854432	Contract Administrator	$55,241
WHITLEY PENN LLP3 years Service code 10 · EIN 75-2393478	Accounting	$23,690
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL BA Service code 27 · EIN 11-3658445	Advisory (Plan)	$18,147
WATERLOO CAPITAL3 years Filed as: WATERLOO CAPITAL LP Service code 26 · EIN 20-1788544	Advisory (Participants)	$13,072

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$202K

$465 / participant

Investment mgmt$31K15.4%
Contract admin$147K72.9%
Other / not subdivided$24K11.7%

% of EOY assets

0.071%

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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: $23,690
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$450,126

$106,247+323.7%

$147,096+206.0%

$77,714+479.2%

Participation rate

93.3%

78.4%+15.0pp

82.2%+11.2pp

70.6%+22.8pp

Annual return

12.81%

56.87%-44.1pp

419.75%-406.9pp

31.26%-18.4pp

Employer contribution / active EE

$17,676

$4,069+334.4%

$4,936+258.1%

$2,727+548.2%

Participant deferral / active EE

$13,660

$7,996+70.8%

$8,071+69.2%

$4,649+193.8%

Admin fee / account holder

$318

$338-6.0%

$13,005-97.6%

$433-26.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$92,122

COOK STREET CONSULTING4 years

Service code 13 · EIN 84-0854432

Contract Administrator

$55,241

WHITLEY PENN LLP3 years

Service code 10 · EIN 75-2393478

Accounting

$23,690

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL BA

Service code 27 · EIN 11-3658445

Advisory (Plan)

$18,147

WATERLOO CAPITAL3 years

Filed as: WATERLOO CAPITAL LP

Service code 26 · EIN 20-1788544

Advisory (Participants)

$13,072

WINSTEAD 401(K) SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WINSTEAD 401(K) SAVINGS AND 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