Retirement plan

OGDEN MURPHY WALLACE, PLLC 401(K) PROFIT SHARING PLAN

Name: OGDEN MURPHY WALLACE, PLLC - OGDEN MURPHY WALLACE, PLLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: OGDEN MURPHY WALLACE, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OGDEN MURPHY WALLACE, PLLC 401(K) PROFIT SHARING PLAN, OGDEN MURPHY WALLACE, PLLC

OGDEN MURPHY WALLACE, PLLCEIN 91-0344327Plan #001PY 2020

901 FIFTH AVENUE, SUITE 3500 - SEATTLE, WA 98164206-447-7000omwlaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesHigh assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$54.2M

+30.6% from 2019

Total participants

134

+32.7% from 2019

Average account balance

$452,077

+4.4% from 2019

Annual return

24.29%

+1.91 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

$73.79M

Not enough data

1 years with asset history on file

Average account balance

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

$495K

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.

149

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.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$863

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 3 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT1 year Service code 26 · EIN 41-1416330 1918 8TH AVENUE · SEATTLE, WA 98101	Advisory (Participants)	$56,803
NWPS1 year Service code 15 · EIN 91-2090931 4025 DELRIDGE WAY SW · SEATTLE, WA 98106	Recordkeeping	$14,358
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 41-1558009 12401 RESEARCH BLVD · AUSTIN, TX 78759	Securities Custodian	$7,994

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$79K

$713 / participant

Investment mgmt$57K71.8%
Contract admin$14K18.1%
Other / not subdivided$8K10.1%

% of EOY assets

0.146%

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: CLARK NUBER
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$452,077

$99,957+352.3%

$149,730+201.9%

$73,493+515.1%

Participation rate

87.4%

75.7%+11.7pp

82.5%+4.9pp

70.7%+16.7pp

Annual return

24.29%

53.87%-29.6pp

276.70%-252.4pp

28.51%-4.2pp

Employer contribution / active EE

$16,285

$3,191+410.3%

$4,645+250.6%

$2,270+617.4%

Participant deferral / active EE

$9,531

$6,073+57.0%

$6,843+39.3%

$3,740+154.9%

Admin fee / account holder

$660

$551+19.8%

$9,310-92.9%

$513+28.6%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT1 year

Service code 26 · EIN 41-1416330

1918 8TH AVENUE · SEATTLE, WA 98101

Advisory (Participants)

$56,803

NWPS1 year

Service code 15 · EIN 91-2090931

4025 DELRIDGE WAY SW · SEATTLE, WA 98106

Recordkeeping

$14,358

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 41-1558009

12401 RESEARCH BLVD · AUSTIN, TX 78759

Securities Custodian

$7,994

OGDEN MURPHY WALLACE, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OGDEN MURPHY WALLACE, PLLC 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