PlanOptica
Retirement plan

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

LATHAM & WATKINS LLPEIN 95-2018373Plan #001PY 2020
Sign in to saveView 5500 PDF
555 WEST FIFTH STREET, SUITE 300 - LOS ANGELES, CA 900131021212-906-1200
Other plans on this EIN
1 filing
#046Retirement-$306.8M 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
MICHELLE OR
Signed 09/17/2021
How to read this page

Summary metrics

Total assets (EOY)
$2187.1M
-9.6% from 2016
Total participants
6,100
-2.9% from 2016
Average account balance
$362,456
-7.0% from 2016
Annual return
15.84%
-10.83 pp from 2016

Benchmarks

See 755 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort755 peers
Snapshot2020
Participant deferral / active EE
$16,905
median $7,271
Employer contribution / active EE
$10,103
median $2,288
Participation rate
98.2%
median 91.6%
Avg account balance
$362,456
median $76,084
Admin fee / account holder
$166
median $84
Annual return
15.84%
median 18.37%
Overall peer rank
68th 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
PARTNERCOMM INC1 year
Service code 28 · EIN 75-2541310
Investment Management
$229,458
MJM 401K LLC2 years
Service code 28 · EIN 86-0882983
Investment Management
$140,000
LMCG INVESTMENTS LLC6+ years
Service code 26 · EIN 27-0282607
Advisory (Participants)
$136,551
CHEVY CHASE TRUST COMPANY3 years
Service code 26 · EIN 52-2037618
Advisory (Participants)
$87,184
SCHWAB RETIREMENT PLAN SERVICES,INC3 years
Service code 15 · EIN 34-1479833
Recordkeeping
$53,916
PIETZSCH BONNETT & WOMACK PA2 years
Service code 29 · EIN 81-0574082
Legal
$52,066
CHICAGO WEALTH MANAGEMENT INC6+ years
Service code 26 · EIN 20-1255704
Advisory (Participants)
$35,219
FARR MILLER & WASHINGTON LLC -1 year
Service code 26 · EIN 52-1979573
Advisory (Participants)
$29,123
ADVICEPERIOD LLC1 year
Service code 26 · EIN 90-1031455
Advisory (Participants)
$27,167
BAKER STREET ADVISORS LLC6+ years
Service code 26 · EIN 72-1538456
Advisory (Participants)
$26,965

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
$1.0M
$268 / participant
  • Investment mgmt$642K64.2%
  • Other / not subdivided$358K35.8%
% of EOY assets
0.046%
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