Retirement plan
LATHAM & WATKINS 401(K) SAVINGS AND PROFIT SHARING PLAN
LATHAM & WATKINS LLPEIN 95-2018373Plan #001PY 2015
555 WEST FIFTH STREET, SUITE 800 - LOS ANGELES, CA 900131021212-906-1200
Other plans on this EIN
1 filingProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
LEEANN BLACK
Signed 08/22/2016
Summary metrics
Total assets (EOY)
$1220.5M
-9.6% from 2016
Total participants
4,962
-2.9% from 2016
Average account balance
$249,123
-7.0% from 2016
Annual return
-0.23%
-10.83 pp from 2016
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort568 peers
Snapshot2015
96
Participant deferral / active EE
$12,961
median $5,233
84
Employer contribution / active EE
$8,939
median $1,779
88
Participation rate
98.0%
median 85.8%
96
Avg account balance
$249,123
median $59,659
11
Admin fee / account holder
$165
median $40
22
Annual return
-0.23%
median 1.24%
Overall peer rank
66of 100
66th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.07B
Average account balance
Total assets / participants with a balance (line 6g)
$383K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,020
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.2%
Contributions (total)
Employer and participant dollars contributed each year
$160.14M
Contributions per participant
Average employer and participant contribution per enrolled participant
$33K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.63%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$170
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 30 by compensation
| Provider | Service type | Compensation |
|---|---|---|
MJM401K LLC1+ years Service code 10 · EIN 86-0882983 | Accounting | $115,500 |
CITY NATIONAL BANK1+ years Service code 33 · EIN 95-1780067 | Securities brokerage; Securities brok... | $93,659 |
LMCG INVESTMENTS LLC1+ years Service code 26 · EIN 27-0282607 | Advisory (Participants) | $86,337 |
PARTNERCOMM, INC.1+ years Service code 28 · EIN 75-2541310 | Investment Management | $74,935 |
NORTHWESTERN MUTUAL WEALTH MAN1+ years Service code 26 · EIN 39-2018056 | Advisory (Participants) | $61,011 |
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782 | Shareholder servicing fees; Other inv... | $52,415 |
Service code 15 · EIN 34-1479833 | Recordkeeping | $35,450 |
HCR WEALTH ADVISORS1+ years Service code 26 · EIN 95-4181883 | Advisory (Participants) | $31,679 |
CHICAGO WEALTH MANAGEMENT INC1+ years Service code 26 · EIN 20-1255704 | Advisory (Participants) | $28,452 |
COVE STREET CAPITAL LLC1+ years Service code 26 · EIN 27-5376591 | Advisory (Participants) | $27,674 |
Plan features & details
Pension benefit codes2E2F2G2J2R2S2T
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal 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
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$810K
$251 / participant
- Investment mgmt$554K68.3%
- Other / not subdivided$257K31.7%
% of EOY assets
0.066%
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
- HOLTHOUSE CARLIN & VAN TRIGT LLP
- Auditor EIN
- 954345526
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer