Retirement plan

TEALL CAPITAL PARTNERS LLC 401(K) PROFIT SHARING PLAN

Name: TEALL CAPITAL PARTNERS LLC - TEALL CAPITAL PARTNERS LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TEALL CAPITAL PARTNERS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEALL CAPITAL PARTNERS LLC 401(K) PROFIT SHARING PLAN, TEALL CAPITAL PARTNERS LLC

TEALL CAPITAL PARTNERS LLCEIN 83-0591973Plan #001PY 2023

500 WEST FIFTH STREET, SUITE 1200 - WINSTON-SALEM, NC 27101336-306-8126

Prospect flagsHigh feesLow participationLow assets / participant

How to read this page

Total assets (EOY)

$9.4M

+31.8% from 2022

Total participants

467

-26.1% from 2022

Average account balance

$28,500

+45.0% from 2022

Annual return

22.56%

-9.56 pp from 2022

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.08M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

390

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+23.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$27,938
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$23,891
ANDERSON SMITH WIKE PLLC2 years Service code 10 · EIN 27-1473864	Accounting	$23,800
ADMINISTRATIVE FIDUCIARY SERVICES2 years Filed as: ADMINISTRATIVE FIDUCIARY SERVICES I Service code 31 · EIN 46-2919997	Named fiduciary	$15,335
NOVA 401(K) ASSOCIATES2 years Filed as: NOVA 401(K) ASSOCIATES LP Service code 15 · EIN 20-1181458	Recordkeeping	$10,923

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2X

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$111K

$324 / participant

Investment mgmt$111K100.0%

% of EOY assets

1.179%

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: ANDERSON SMITH & WILKE PLLC
Auditor EIN: 271473864
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,500

$95,438-70.1%

$135,982-79.0%

$74,473-61.7%

Participation rate

60.3%

78.2%-17.9pp

81.9%-21.6pp

70.7%-10.4pp

Annual return

22.56%

32.61%-10.0pp

68.32%-45.8pp

34.36%-11.8pp

Employer contribution / active EE

$2,234

$3,878-42.4%

$4,859-54.0%

$2,638-15.3%

Participant deferral / active EE

$4,067

$7,790-47.8%

$7,760-47.6%

$4,530-10.2%

Admin fee / account holder

$336

$259+29.8%

$10,767-96.9%

$347-3.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$27,938

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$23,891

ANDERSON SMITH WIKE PLLC2 years

Service code 10 · EIN 27-1473864

Accounting

$23,800

ADMINISTRATIVE FIDUCIARY SERVICES2 years

Filed as: ADMINISTRATIVE FIDUCIARY SERVICES I

Service code 31 · EIN 46-2919997

Named fiduciary

$15,335

NOVA 401(K) ASSOCIATES2 years

Filed as: NOVA 401(K) ASSOCIATES LP

Service code 15 · EIN 20-1181458

Recordkeeping

$10,923

TEALL CAPITAL PARTNERS LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEALL CAPITAL PARTNERS LLC 401(K) 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