Retirement plan

TAYLOR, WELLONS, POLITZ & DUHE LLC 401(K) PROFIT SHARING PLAN

Name: TAYLOR, WELLONS, POLITZ & DUHE LLC - TAYLOR, WELLONS, POLITZ & DUHE LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: TAYLOR, WELLONS, POLITZ & DUHE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAYLOR, WELLONS, POLITZ & DUHE LLC 401(K) PROFIT SHARING PLAN, TAYLOR, WELLONS, POLITZ & DUHE LLC

TAYLOR, WELLONS, POLITZ & DUHE LLCEIN 87-3829912Plan #001PY 2024

1515 POYDRAS ST., STE 1900 - NEW ORLEANS, LA 701123767504-525-9888twpdlaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.8M

+16.4% from 2023

Total participants

182

+27.3% from 2023

Average account balance

$145,213

-2.6% from 2023

Annual return

15.32%

-6.18 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$24.83M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

171

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$520

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

See the 3-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
ADVISOR RESOURCE COUNCIL1 year Service code 13 · EIN 45-5279132	Contract Administrator	$34,739
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP ADVISORS, LLC Service code 13 · EIN 59-3331424	Contract Administrator	$12,937
SENTINEL PENSION LLC1 year Service code 15 6811 JEFFERSON HWY · BATON ROUGE, LA 70806	Recordkeeping	$11,157
SECOND LINE CAPITAL LLC1 year Service code 13 · EIN 92-3387385	Contract Administrator	$6,501

Plan features & details

Pension benefit codes2A2E2F2G2J2H2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$89K

$689 / participant

Recordkeeping$24K26.5%
Contract admin$65K73.5%

% of EOY assets

0.358%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KUSHNER LAGRAIZE, LLC
Auditor EIN: 721042866
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,213

$101,499+43.1%

$147,005-1.2%

$74,546+94.8%

Participation rate

91.5%

75.5%+15.9pp

82.2%+9.3pp

67.2%+24.3pp

Annual return

15.32%

8732.34%-8717.0pp

418.76%-403.4pp

1366.03%-1350.7pp

Employer contribution / active EE

$3,860

$3,811+1.3%

$4,934-21.8%

$2,624+47.1%

Participant deferral / active EE

$7,350

$7,304+0.6%

$8,070-8.9%

$4,347+69.1%

Admin fee / account holder

$520

$1,748-70.3%

$13,006-96.0%

$1,944-73.3%

Provider

Service type

Compensation

ADVISOR RESOURCE COUNCIL1 year

Service code 13 · EIN 45-5279132

Contract Administrator

$34,739

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP ADVISORS, LLC

Service code 13 · EIN 59-3331424

Contract Administrator

$12,937

SENTINEL PENSION LLC1 year

Service code 15

6811 JEFFERSON HWY · BATON ROUGE, LA 70806

Recordkeeping

$11,157

SECOND LINE CAPITAL LLC1 year

Service code 13 · EIN 92-3387385

Contract Administrator

$6,501

TAYLOR, WELLONS, POLITZ & DUHE LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAYLOR, WELLONS, POLITZ & DUHE 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