Retirement plan

DRIGGS BILLS & DAY P.C. 401(K) PROFIT SHARING PLAN & TRUST

Name: DRIGGS, BILLS & DAY, P.C. - DRIGGS BILLS & DAY P.C. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: DRIGGS, BILLS & DAY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRIGGS BILLS & DAY P.C. 401(K) PROFIT SHARING PLAN & TRUST, DRIGGS, BILLS & DAY, P.C.

DRIGGS, BILLS & DAY, P.C.EIN 87-0551087Plan #001PY 2024

737 EAST WINCHESTER ST - SALT LAKE CITY, UT 84107801-363-9982

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.6M

+21.7% from 2023

Total participants

191

+39.4% from 2023

Average account balance

$59,657

+15.1% from 2023

Annual return

15.40%

-5.31 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.64M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

128

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.

63.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$749K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$261

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NAVIGATE FINANCIAL LLC1 year Service code 27 · EIN 92-3881045	Advisory (Plan)	$26,582
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$5,925

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$194 / participant

Recordkeeping$6K17.7%
Investment mgmt$27K82.3%

% of EOY assets

0.437%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: RICHEY, MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: $0
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,657

$101,653-41.3%

$147,080-59.4%

$74,459-19.9%

Participation rate

63.4%

75.6%-12.2pp

82.2%-18.8pp

67.2%-3.9pp

Annual return

15.40%

8754.98%-8739.6pp

420.17%-404.8pp

1369.70%-1354.3pp

Employer contribution / active EE

$3,813-100.0%

$4,933-100.0%

$2,626-100.0%

Participant deferral / active EE

$4,352

$7,304-40.4%

$8,066-46.0%

$4,350+0.1%

Admin fee / account holder

$261

$1,752-85.1%

$12,989-98.0%

$1,945-86.6%

Provider

Service type

Compensation

NAVIGATE FINANCIAL LLC1 year

Service code 27 · EIN 92-3881045

Advisory (Plan)

$26,582

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$5,925

DRIGGS BILLS & DAY P.C. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRIGGS BILLS & DAY P.C. 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