Retirement plan

BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C. PROFIT SHARING PLAN

Name: BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C. - BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C. PROFIT SHARING PLAN (2020) Form 5500
Creator: BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C. PROFIT SHARING PLAN, BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C.

BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C.EIN 84-0832595Plan #001PY 2020

40 INVERNESS DRIVE EAST - ENGLEWOOD, CO 80112303-792-5595burgsimpson.comLinkedIn51-200 employeeslegal services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$17.8M

+13.3% from 2019

Total participants

193

+32.2% from 2019

Average account balance

$120,958

+0.2% from 2019

Annual return

12.28%

-3.84 pp from 2019

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

$21.40M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

181

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.

87.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 6 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 27 4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$31,042
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$19,855
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC Service code 13 6830 COMMERCE DR · BLACKLICK, OH 430049297	Contract Administrator	$14,177
KRUGGEL, LAWTON & COMPANY, LLC1 year Filed as: KRUGGEL, LAWTON & COMPANY Service code 99 210 S.MICHIGAN ST STE 200 · SOUTH BEND, IN 46601	Other Fees	$8,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,191
REAMS ASSET MANAGEMENT6+ years Filed as: UMB FINANCIAL SERVICES INC Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$77K

$458 / participant

Investment mgmt$34K44.7%
Contract admin$34K44.8%
Other / not subdivided$8K10.5%

% of EOY assets

0.430%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KRUGGEL LAWTON & CO., LLC
Auditor EIN: 351307701
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,958

$99,957+21.0%

$149,730-19.2%

$73,493+64.6%

Participation rate

72.5%

75.7%-3.2pp

82.5%-10.0pp

70.7%+1.8pp

Annual return

12.28%

53.87%-41.6pp

276.70%-264.4pp

28.51%-16.2pp

Employer contribution / active EE

$2,703

$3,191-15.3%

$4,645-41.8%

$2,270+19.1%

Participant deferral / active EE

$6,455

$6,073+6.3%

$6,843-5.7%

$3,740+72.6%

Admin fee / account holder

$521

$551-5.5%

$9,310-94.4%

$513+1.4%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 27

4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$31,042

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$19,855

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICES INC

Service code 13

6830 COMMERCE DR · BLACKLICK, OH 430049297

Contract Administrator

$14,177

KRUGGEL, LAWTON & COMPANY, LLC1 year

Filed as: KRUGGEL, LAWTON & COMPANY

Service code 99

210 S.MICHIGAN ST STE 200 · SOUTH BEND, IN 46601

Other Fees

$8,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,191

REAMS ASSET MANAGEMENT6+ years

Filed as: UMB FINANCIAL SERVICES INC

Service code 55

Other Commissions

BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURG SIMPSON ELDREDGE HERSH AND JARDINE, P.C. 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