Retirement plan

MCCORMICK BARSTOW 401(K) RETIREMENT PLAN

Name: MCCORMICK, BARSTOW, SHEPPARD, WAYTE & CARRUTH, LLP - MCCORMICK BARSTOW 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: MCCORMICK, BARSTOW, SHEPPARD, WAYTE & CARRUTH, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCORMICK BARSTOW 401(K) RETIREMENT PLAN, MCCORMICK, BARSTOW, SHEPPARD, WAYTE & CARRUTH, LLP

MCCORMICK, BARSTOW, SHEPPARD, WAYTE & CARRUTH, LLPEIN 94-1262506Plan #005PY 2017

7647 NORTH FRESNO STREET - FRESNO, CA 937202578559-433-1300mccormickbarstow.comLinkedIn201-500 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$90.1M

+10.5% from 2016

Total participants

241

-3.2% from 2016

Average account balance

$375,515

+14.6% from 2016

Annual return

14.30%

+6.49 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$114.44M

Not enough data

1 years with asset history on file

Average account balance

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

$404K

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.

283

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+15.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1252

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 9 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 16 LEO WALKER · SAN DIEGO, CA 92121	Consulting	$98,499
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB Service code 16 CUTLER INVESTMENT COUNSEL LLC · JACKSONVILLE, OR 97530	Consulting	$83,239
CARLSON QUINN3+ years Filed as: CARLSON QUINN & ASSOCIATES Service code 13	Contract Administrator	$71,566
CARLSON QUINN3+ years Service code 13 · EIN 94-3210526	Contract Administrator	$49,637
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 16 TIMPE/TIMPE · NEWPORT BEACH, CA 92660	Consulting	$24,053
MOSS ADAMS LLP1 year Service code 50 · EIN 91-0189318	Direct Payment	$13,400
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 33 · EIN 04-1590850	Sub-transfer agency fees; Recordkeepi...	$5,063
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 33	Securities brokerage; Other investmen...	$374
SEE ATTACHED1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T

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.
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.

Opportunity flags

5 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$395K

$2395 / participant

Other / not subdivided$395K100.0%

% of EOY assets

0.438%

all-in expense ratio

Categories reported

0 / 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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$375,515

$80,753+365.0%

$136,298+175.5%

$62,293+502.8%

Participation rate

99.4%

73.5%+25.9pp

81.9%+17.5pp

69.5%+29.9pp

Annual return

14.30%

35.83%-21.5pp

5156.27%-5142.0pp

28.90%-14.6pp

Employer contribution / active EE

$6,013

$2,884+108.5%

$4,696+28.1%

$2,042+194.4%

Participant deferral / active EE

$13,704

$5,164+165.4%

$6,247+119.4%

$3,169+332.4%

Admin fee / account holder

$1,647

$525+213.4%

$9,244-82.2%

$479+243.5%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO

Service code 16

LEO WALKER · SAN DIEGO, CA 92121

Consulting

$98,499

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB

Service code 16

CUTLER INVESTMENT COUNSEL LLC · JACKSONVILLE, OR 97530

Consulting

$83,239

CARLSON QUINN3+ years

Filed as: CARLSON QUINN & ASSOCIATES

Service code 13

Contract Administrator

$71,566

CARLSON QUINN3+ years

Service code 13 · EIN 94-3210526

Contract Administrator

$49,637

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 16

TIMPE/TIMPE · NEWPORT BEACH, CA 92660

Consulting

$24,053

MOSS ADAMS LLP1 year

Service code 50 · EIN 91-0189318

Direct Payment

$13,400

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 33 · EIN 04-1590850

Sub-transfer agency fees; Recordkeepi...

$5,063

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 33

Securities brokerage; Other investmen...

$374

SEE ATTACHED1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MCCORMICK BARSTOW 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCORMICK BARSTOW 401(K) RETIREMENT 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