Retirement plan

PROCOPIO, CORY, HARGREAVES & SAVITCH LLP 401(K) PLAN

Name: PROCOPIO, CORY, HARGREAVES & SAVITCH LLP - PROCOPIO, CORY, HARGREAVES & SAVITCH LLP 401(K) PLAN (2016) Form 5500
Creator: PROCOPIO, CORY, HARGREAVES & SAVITCH LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROCOPIO, CORY, HARGREAVES & SAVITCH LLP 401(K) PLAN, PROCOPIO, CORY, HARGREAVES & SAVITCH LLP

PROCOPIO, CORY, HARGREAVES & SAVITCH LLPEIN 95-1634364Plan #002PY 2016

525 B STREET, SUITE 2200 - SAN DIEGO, CA 92101619-238-1900procopio.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$5.9M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$86.2M

+9.9% from 2015

Total participants

308

+3.4% from 2015

Average account balance

$333,929

+16.7% from 2015

Annual return

8.13%

+8.40 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$182.59M

Not enough data

1 years with asset history on file

Average account balance

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

$425K

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.

430

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.

70.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+10.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$640

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 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB Service code 26 2423 E. LINCOLN DRIVE · PHOENIX, AZ 85016	Advisory (Participants)	$71,592
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 26 P. O. BOX 2226 · OMAHA, NE 681032226	Advisory (Participants)	$33,615
WEALTH MANAGEMENT SYSTEMS INC1 year Filed as: CA WEALTH INDEPENDENT FINANCIAL Service code 26 2648 E STREET · SAN DEIGEO, CA 92102	Advisory (Participants)	$31,937
MATRIX TRUST COMPANY2+ years Filed as: MG TRUST COMPANY DBA MATRIX TRUST C Service code 15 · EIN 75-3182674	Recordkeeping	$20,868
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL Service code 26 12220 EL CAMINO REAL, STE 400 · SAN DIEGO, CA 92130	Advisory (Participants)	$16,324
RICE HALL JAMES1 year Filed as: RICE, HALL, JAMES & ASSOCIATES Service code 26 600 WEST BROADWAY, STE. 1000 · SAN DIEGO, CA 92101	Advisory (Participants)	$7,542
MATRIX TRUST COMPANY1 year Service code 62	Float revenue; Soft dollars commissions	$0
TD AMERITRADE, INC.2+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B

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.

Opportunity flags

2 tripped

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

$182K

$752 / participant

Investment mgmt$111K61.1%
Other / not subdivided$71K38.9%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

1 / 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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$333,929

$75,183+344.2%

$123,894+169.5%

$55,167+505.3%

Participation rate

79.3%

72.8%+6.5pp

81.4%-2.1pp

69.0%+10.3pp

Annual return

8.13%

19.01%-10.9pp

47.52%-39.4pp

169.23%-161.1pp

Employer contribution / active EE

$9,659

$2,823+242.1%

$4,617+109.2%

$1,963+392.2%

Participant deferral / active EE

$6,687

$5,084+31.5%

$5,984+11.7%

$3,054+118.9%

Admin fee / account holder

$705

$663+6.4%

$8,357-91.6%

$504+39.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB

Service code 26

2423 E. LINCOLN DRIVE · PHOENIX, AZ 85016

Advisory (Participants)

$71,592

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 26

P. O. BOX 2226 · OMAHA, NE 681032226

Advisory (Participants)

$33,615

WEALTH MANAGEMENT SYSTEMS INC1 year

Filed as: CA WEALTH INDEPENDENT FINANCIAL

Service code 26

2648 E STREET · SAN DEIGEO, CA 92102

Advisory (Participants)

$31,937

MATRIX TRUST COMPANY2+ years

Filed as: MG TRUST COMPANY DBA MATRIX TRUST C

Service code 15 · EIN 75-3182674

Recordkeeping

$20,868

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL

Service code 26

12220 EL CAMINO REAL, STE 400 · SAN DIEGO, CA 92130

Advisory (Participants)

$16,324

RICE HALL JAMES1 year

Filed as: RICE, HALL, JAMES & ASSOCIATES

Service code 26

600 WEST BROADWAY, STE. 1000 · SAN DIEGO, CA 92101

Advisory (Participants)

$7,542

MATRIX TRUST COMPANY1 year

Service code 62

Float revenue; Soft dollars commissions

TD AMERITRADE, INC.2+ years

Service code 59

Shareholder Servicing

PROCOPIO, CORY, HARGREAVES & SAVITCH LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROCOPIO, CORY, HARGREAVES & SAVITCH LLP 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