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Retirement plan

LATHAM & WATKINS 401(K) SAVINGS AND PROFIT SHARING PLAN

LATHAM & WATKINS LLPEIN 95-2018373Plan #001PY 2018
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555 WEST FIFTH STREET, SUITE 800 - LOS ANGELES, CA 900131021212-906-1200
Other plans on this EIN
1 filing
#046Retirement-$201.8M assets
Prospect flagsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(212) 906-1200
Plan administrator signer
LEEANN BLACK
Signed 07/29/2019
How to read this page

Summary metrics

Total assets (EOY)
$1522.4M
-9.6% from 2016
Total participants
5,534
-2.9% from 2016
Average account balance
$279,178
-7.0% from 2016
Annual return
-5.23%
-10.83 pp from 2016

Benchmarks

See 688 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort688 peers
Snapshot2018
Participant deferral / active EE
$15,365
median $6,360
Employer contribution / active EE
$9,282
median $2,151
Participation rate
97.6%
median 88.8%
Avg account balance
$279,178
median $64,982
Admin fee / account holder
$142
median $68
Annual return
-5.23%
median -4.01%
Overall peer rank
67th 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 26 by compensation
ProviderService typeCompensation
LMCG INVESTMENTS LLC4+ years
Service code 26 · EIN 27-0282607
Advisory (Participants)
$124,907
CHEVY CHASE TRUST COMPANY1 year
Service code 26 · EIN 52-2037618
Advisory (Participants)
$95,900
MJM401K LLC4+ years
Service code 28 · EIN 86-0882983
Investment Management
$90,000
CITY NATIONAL BANK4+ years
Service code 33 · EIN 95-1780067
Float revenue; Direct payment from th...
$68,007
NORTHWESTERN MUTUAL WEALTH MAN4+ years
Service code 26 · EIN 39-2018056
Advisory (Participants)
$57,112
CHARLES SCHWAB & CO., INC.4+ years
Service code 33 · EIN 94-1737782
Securities brokerage commissions and ...
$37,882
CHICAGO WEALTH MANAGEMENT INC4+ years
Service code 26 · EIN 20-1255704
Advisory (Participants)
$32,353
FARR MILLER & WASHINGTON LLC4+ years
Service code 26 · EIN 52-1979573
Advisory (Participants)
$26,018
BAKER STREET ADVISORS LLC4+ years
Service code 26 · EIN 72-1538456
Advisory (Participants)
$25,508
SCHWAB RETIREMENT PLAN SERVICES,INC1 year
Service code 15 · EIN 34-1479833
Recordkeeping
$24,875

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T
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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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

2 tripped
  • 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
$774K
$225 / participant
  • Investment mgmt$727K94.0%
  • Other / not subdivided$47K6.0%
% of EOY assets
0.051%
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