Retirement plan
LATHAM & WATKINS CASH BALANCE PLAN
LATHAM & WATKINS LLPEIN 95-2018373Plan #046PY 2023
555 WEST FIFTH STREET, SUITE 300 - LOS ANGELES, CA 900131020213-891-1200
Other plans on this EIN
1 filingProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
BOBBY KOLB
Signed 09/11/2024
Summary metrics
Total assets (EOY)
$418.9M
-21.4% from 2016
Total participants
608
-2.0% from 2016
Average account balance
$0
No prior year
Annual return
13.08%
-9.89 pp from 2016
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants250-999
Cohort79 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $2,252
68
Employer contribution / active EE
$111,874
median $44,944
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $134,777
0
Admin fee / account holder
$0
median $1,040
77
Annual return
13.08%
median 9.94%
Overall peer rank
72of 100
72nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$450.62M
Average account balance
Total assets / participants with a balance (line 6g)
$745K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
57
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$54.88M
Contributions per participant
Average employer and participant contribution per enrolled participant
$100K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+8.34%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
OCTOBER THREE CONSULTING LLC5 years Service code 11 · EIN 27-1175487 233 S. WACKER DRIVE, SUITE 8350 · CHICAGO, IL 60606 | Actuarial | $225,144 |
CAPTRUST FINANCIAL ADVISORS3 years Service code 27 · EIN 26-0058143 4208 SIX FORKS ROAD, SUITE 1700 · RALEIGH, NC 27609 | Advisory (Plan) | $85,000 |
VANGUARD FIDUCIARY TRUST COMPANY9+ years Service code 21 · EIN 23-3080210 100 VANGUARD BLVD · MALVERN, PA 19355 | Bank Trustee | $54,801 |
Service code 29 · EIN 86-0574082 2390 E CAMELBACK ROAD, SUITE 130 · PHOENIX, AZ 85016 | Legal | $38,083 |
Service code 10 · EIN 95-4345526 15760 VENTURA BOULEVARD, SUITE 1700 · ENCINO, CA 91436 | Accounting | $14,400 |
Enrolled actuary
1 attachment
SB
TIM MAHANNAH
OCTOBER THREE CONSULTING LLC
Enrollment #2305368
233 S WACKER DRIVE, SUITE 8350
CHICAGO, IL 60606
(510) 332-1539
Signed 2024-05-16
Plan features & details
Pension benefit codes1C3B
Plan features
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3BPlan covering self-employed individualsPlan covering self-employed individuals.
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$475K
$845 / participant
- Recordkeeping$5K1.1%
- Trustee / custodial$50K10.4%
- Investment mgmt$85K17.9%
- Legal$38K8.0%
- Actuarial$225K47.4%
- Other / not subdivided$72K15.1%
% of EOY assets
0.113%
all-in expense ratio
Categories reported
5 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- HOLTHOUSE CARLIN & VAN TRIGT LLP
- Auditor EIN
- 954345526
- Audit fees
- $14,400
- Opinion code
- Unqualified