Retirement plan

WINSTEAD NON-SHAREHOLDER ATTORNEY 401(K) SAVINGS & PROFIT SHARING PLAN

Name: WINSTEAD PC - WINSTEAD NON-SHAREHOLDER ATTORNEY 401(K) SAVINGS & PROFIT SHARING PLAN (2020) Form 5500
Creator: WINSTEAD PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINSTEAD NON-SHAREHOLDER ATTORNEY 401(K) SAVINGS & PROFIT SHARING PLAN, WINSTEAD PC

WINSTEAD PCEIN 75-2404691Plan #006PY 2020

2728 N. HARWOOD ST, STE 500 - DALLAS, TX 75201214-745-5228winstead.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$258.3M assets

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$33M

-6.7% from 2016

Total participants

310

+11.0% from 2016

Average account balance

$109,001

-5.4% from 2016

Annual return

11.75%

-14.64 pp from 2016

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.19M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

316

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+8.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$321

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393	Recordkeeping	$37,679
COOK STREET CONSULTING2 years Filed as: COOK STREET CONSULTING INC. Service code 17 · EIN 84-0854432	Pension Consulting	$31,759
WHITLEY PENN LLP2 years Filed as: WHITLEY PENN, LLP Service code 10 · EIN 75-2393478	Accounting	$15,600

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$93K

$653 / participant

Other / not subdivided$93K100.0%

% of EOY assets

0.283%

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

$109,001

$99,957+9.0%

$149,751-27.2%

$73,501+48.3%

Participation rate

95.1%

75.7%+19.4pp

82.5%+12.6pp

70.7%+24.4pp

Annual return

11.75%

53.87%-42.1pp

276.71%-265.0pp

28.51%-16.8pp

Employer contribution / active EE

$3,925

$3,191+23.0%

$4,646-15.5%

$2,270+72.9%

Participant deferral / active EE

$15,055

$6,073+147.9%

$6,843+120.0%

$3,740+302.5%

Admin fee / account holder

$308

$551-44.1%

$9,312-96.7%

$513-40.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$37,679

COOK STREET CONSULTING2 years

Filed as: COOK STREET CONSULTING INC.

Service code 17 · EIN 84-0854432

Pension Consulting

$31,759

WHITLEY PENN LLP2 years

Filed as: WHITLEY PENN, LLP

Service code 10 · EIN 75-2393478

Accounting

$15,600

WINSTEAD NON-SHAREHOLDER ATTORNEY 401(K) SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WINSTEAD NON-SHAREHOLDER ATTORNEY 401(K) SAVINGS & 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