Retirement plan

JACKSON, LANDRITH AND KULESZ PC 401(K) PLAN

Name: JACKSON, LANDRITH AND KULESZ PC - JACKSON, LANDRITH AND KULESZ PC 401(K) PLAN (2023) Form 5500
Creator: JACKSON, LANDRITH AND KULESZ PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON, LANDRITH AND KULESZ PC 401(K) PLAN, JACKSON, LANDRITH AND KULESZ PC

JACKSON, LANDRITH AND KULESZ PCEIN 87-2051083Plan #001PY 2023

601 W ABRAM ST - ARLINGTON, TX 760101018817-226-1100jlkattorneys.comLinkedIn1-10 employeeslaw practice

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$2.9M

+7.2% from 2022

Total participants

+15.4% from 2022

Average account balance

$319,248

-4.7% from 2022

Annual return

12.92%

+30.44 pp from 2022

Benchmarks

See 6,332 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,332 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.15M

Not enough data

1 years with asset history on file

Average account balance

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

$538K

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

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

+7.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$357087

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

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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$267K

$19083 / participant

Other / not subdivided$267K100.0%

% of EOY assets

9.298%

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

$319,248

$141,004+126.4%

$112,273+184.4%

$139,466+128.9%

Participation rate

57.1%

79.2%-22.1pp

72.4%-15.3pp

80.3%-23.2pp

Annual return

12.92%

32.75%-19.8pp

30.23%-17.3pp

373.66%-360.7pp

Employer contribution / active EE

$1,395

$4,285-67.4%

$3,431-59.3%

$4,754-70.6%

Participant deferral / active EE

$6,263

$5,878+6.6%

$4,800+30.5%

$6,712-6.7%

Admin fee / account holder

$29,685

$9,959+198.1%

$7,752+282.9%

$11,409+160.2%

JACKSON, LANDRITH AND KULESZ PC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON, LANDRITH AND KULESZ PC 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