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Retirement plan

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

LATHAM & WATKINS LLPEIN 95-2018373Plan #001PY 2019
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555 WEST FIFTH STREET, SUITE 300 - LOS ANGELES, CA 900131021212-906-1200
Other plans on this EIN
1 filing
#046Retirement-$257.2M 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
MICHELLE OR
Signed 09/16/2020
How to read this page

Summary metrics

Total assets (EOY)
$1877.7M
-9.6% from 2016
Total participants
5,901
-2.9% from 2016
Average account balance
$319,387
-7.0% from 2016
Annual return
23.37%
-10.83 pp from 2016

Benchmarks

See 733 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort733 peers
Snapshot2019
Participant deferral / active EE
$15,911
median $6,408
Employer contribution / active EE
$9,651
median $2,217
Participation rate
99.4%
median 90.6%
Avg account balance
$319,387
median $71,305
Admin fee / account holder
$138
median $72
Annual return
23.37%
median 24.73%
Overall peer rank
71st 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 23 by compensation
ProviderService typeCompensation
MJM 401K LLC1 year
Service code 28 · EIN 86-0882983
Investment Management
$140,000
LMCG INVESTMENTS LLC5+ years
Service code 26 · EIN 27-0282607
Advisory (Participants)
$128,514
CHEVY CHASE TRUST COMPANY2 years
Service code 26 · EIN 52-2037618
Advisory (Participants)
$78,862
CITY NATIONAL BANK5+ years
Service code 33 · EIN 95-1780067
Securities brokerage commissions and ...
$58,123
PIETZSCH BONNETT & WOMACK PA1 year
Service code 29 · EIN 81-0574082
Legal
$54,828
NORTHWESTERN MUTUAL WEALTH MAN5+ years
Service code 26 · EIN 39-2018056
Advisory (Participants)
$53,481
CHICAGO WEALTH MANAGEMENT INC5+ years
Service code 26 · EIN 20-1255704
Advisory (Participants)
$32,039
SCHWAB RETIREMENT PLAN SERVICES,INC2 years
Service code 15 · EIN 34-1479833
Recordkeeping
$28,675
FARR MILLER & WASHINGTON LLC5+ years
Service code 26 · EIN 52-1979573
Advisory (Participants)
$27,106
HOLTHOUSE CARLIN AND VAN TRIGT LLP3 years
Service code 10 · EIN 95-4345526
Accounting
$22,918

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
$812K
$226 / participant
  • Investment mgmt$702K86.5%
  • Other / not subdivided$110K13.5%
% of EOY assets
0.043%
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