Retirement plan

GRAY REED & MCGRAW LLP ATTORNEYS' 401(K) PLAN

Name: GRAY REED & MCGRAW LLP - GRAY REED & MCGRAW LLP ATTORNEYS' 401(K) PLAN (2023) Form 5500
Creator: GRAY REED & MCGRAW LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAY REED & MCGRAW LLP ATTORNEYS' 401(K) PLAN, GRAY REED & MCGRAW LLP

GRAY REED & MCGRAW LLPEIN 81-4045088Plan #004PY 2023

1300 POST OAK BLVD SUITE 2000 - HOUSTON, TX 77056713-986-7000

Other plans on this EIN

2 filings

#001Retirement-$46.2M assets #003Retirement-$5.7M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$21.1M

+18.3% from 2022

Total participants

164

+4.5% from 2022

Average account balance

$133,441

+15.3% from 2022

Annual return

19.62%

+35.04 pp from 2022

Benchmarks

See 6,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.09M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

169

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+23.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$1,822
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$943

Plan features & details

Pension benefit codes2F2G2J2T

Plan features

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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$25 / participant

Investment mgmt$2K65.9%
Other / not subdivided$94334.1%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER AND TIDWELL, L.L.P.
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,441

$91,424+46.0%

$135,942-1.8%

$71,495+86.6%

Participation rate

94.5%

75.7%+18.8pp

81.9%+12.6pp

67.9%+26.6pp

Annual return

19.62%

29.90%-10.3pp

68.28%-48.7pp

28.85%-9.2pp

Employer contribution / active EE

$3,704-100.0%

$4,858-100.0%

$2,589-100.0%

Participant deferral / active EE

$16,360

$7,092+130.7%

$7,759+110.8%

$4,291+281.3%

Admin fee / account holder

$18

$1,266-98.6%

$10,764-99.8%

$1,588-98.9%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$1,822

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$943

GRAY REED & MCGRAW LLP ATTORNEYS' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAY REED & MCGRAW LLP ATTORNEYS' 401(K) 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