Retirement plan

CHOATE, HALL & STEWART LLP TAX DEFERRED SAVINGS PLAN FOR ATTORNEYS

Name: CHOATE HALL & STEWART LLP - CHOATE, HALL & STEWART LLP TAX DEFERRED SAVINGS PLAN FOR ATTORNEYS (2021) Form 5500
Creator: CHOATE HALL & STEWART LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHOATE, HALL & STEWART LLP TAX DEFERRED SAVINGS PLAN FOR ATTORNEYS, CHOATE HALL & STEWART LLP

CHOATE HALL & STEWART LLPEIN 04-1175860Plan #005PY 2021

2 INTERNATIONAL PL - BOSTON, MA 021104104617-248-5000choate.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

3 filings

#001Retirement-$173.1M assets #004Retirement-$133.0M assets #003Retirement-$4.3M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$43.6M

-11.2% from 2016

Total participants

344

-7.2% from 2016

Average account balance

$138,962

-4.2% from 2016

Annual return

19.29%

-9.95 pp from 2016

Benchmarks

See 5,713 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,713 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$51.29M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$159K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

323

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+22.71%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$46

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.7+ years Service code 15 · EIN 23-1945930	Recordkeeping	$12,873

Plan features & details

Pension benefit codes2E2F2G2J3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$80 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WALTER & SHUFFAIN P.C.
Auditor EIN: 043236498
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,962

$104,509+33.0%

$159,495-12.9%

$79,395+75.0%

Participation rate

81.8%

76.6%+5.2pp

82.8%-1.0pp

70.7%+11.1pp

Annual return

19.29%

67.99%-48.7pp

263.72%-244.4pp

116.90%-97.6pp

Employer contribution / active EE

$71

$3,417-97.9%

$4,831-98.5%

$2,428-97.1%

Participant deferral / active EE

$14,090

$6,467+117.9%

$7,354+91.6%

$4,046+248.3%

Admin fee / account holder

$42

$711-94.1%

$10,804-99.6%

$626-93.3%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.7+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$12,873

CHOATE, HALL & STEWART LLP TAX DEFERRED SAVINGS PLAN FOR ATTORNEYS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHOATE, HALL & STEWART LLP TAX DEFERRED SAVINGS PLAN FOR ATTORNEYS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion