Retirement plan

SHIELDS LEGAL GROUP PC 401(K) PROFIT SHARING PLAN & TRUST

Name: SHIELDS LEGAL GROUP PC - SHIELDS LEGAL GROUP PC 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: SHIELDS LEGAL GROUP PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHIELDS LEGAL GROUP PC 401(K) PROFIT SHARING PLAN & TRUST, SHIELDS LEGAL GROUP PC

SHIELDS LEGAL GROUP PCEIN 75-2630281Plan #001PY 2023

16400 DALLAS PKWY STE 300 - DALLAS, TX 752482644469-726-3079shieldslegal.comLinkedIn11-50 employeeslegal services

Other plans on this EIN

2 filings

#002Retirement-$2.8M assets #003Retirement-$833K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.8M

+17.7% from 2022

Total participants

+8.7% from 2022

Average account balance

$240,511

+12.8% from 2022

Annual return

19.95%

+38.98 pp from 2022

Benchmarks

See 139,766 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,766 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.88M

Not enough data

1 years with asset history on file

Average account balance

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

$319K

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.

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.

140.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$422K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+63.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1382

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$467K

$29214 / participant

Other / not subdivided$467K100.0%

% of EOY assets

8.098%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$240,511

$148,623+61.8%

$135,974+76.9%

$139,466+72.5%

Participation rate

93.8%

83.9%+9.9pp

81.9%+11.8pp

80.3%+13.4pp

Annual return

19.95%

79.30%-59.3pp

68.30%-48.4pp

373.66%-353.7pp

Employer contribution / active EE

$5,003

$5,246-4.6%

$4,859+3.0%

$4,754+5.2%

Participant deferral / active EE

$15,338

$8,103+89.3%

$7,760+97.7%

$6,712+128.5%

Admin fee / account holder

$19,476

$12,406+57.0%

$10,767+80.9%

$11,409+70.7%

SHIELDS LEGAL GROUP PC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHIELDS LEGAL GROUP PC 401(K) PROFIT SHARING PLAN & TRUST

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