Retirement plan

GOODWIN PROCTER LLP PARTNERSHIP PROFIT SHARING SAVINGS PLAN

Name: GOODWIN PROCTER LLP - GOODWIN PROCTER LLP PARTNERSHIP PROFIT SHARING SAVINGS PLAN (2017) Form 5500
Creator: GOODWIN PROCTER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODWIN PROCTER LLP PARTNERSHIP PROFIT SHARING SAVINGS PLAN, GOODWIN PROCTER LLP

GOODWIN PROCTER LLPEIN 04-1378465Plan #001PY 2017

100 NORTHERN AVENUE - BOSTON, MA 02210617-570-1000gph.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

3 filings

#007Retirement-$151.9M assets #008Retirement-$34.1M assets #009Retirement-$34.1M assets

Prospect flagsLow returnsHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$533.3M

+13.8% from 2016

Total participants

2,020

+3.0% from 2016

Average account balance

$287,021

+9.7% from 2016

Annual return

15.07%

+4.33 pp from 2016

Benchmarks

See 662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort662 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.55B

Not enough data

1 years with asset history on file

Average account balance

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

$427K

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.

3,635

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+61.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
MERCER1 year Service code 17 · EIN 30-0282430	Pension Consulting	$47,454
KBC HOLDINGS LLC1 year Filed as: KBC HOLDING, LLC Service code 16 · EIN 26-1535450	Consulting	$45,479
KANON BLOCH CARRE2+ years Service code 27 · EIN 26-1535450	Advisory (Plan)	$18,705
KAF FINANCIAL ADVISORS1 year Filed as: KAF FINANCIAL GROUP Service code 16 · EIN 04-3121055	Consulting	$13,750
KIRKLAND ALBRECHT & FREDRICKSON LLC1 year Filed as: KIRKLAND ALBRECHT FREDRICKSON LLS Service code 10 · EIN 04-3121055	Accounting	$13,750
FIDUCIARY INVESTMENT ADVISORS1 year Service code 27 · EIN 20-4751585	Advisory (Plan)	$11,018
CITRIN COOPERMAN1 year Service code 10 · EIN 22-2428965	Accounting	$0
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	-$186,933

Plan features & details

Pension benefit codes2E2F2G2J2R2T3B

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$287,021

$96,458+197.6%

$136,294+110.6%

$77,958+268.2%

Participation rate

86.9%

75.4%+11.5pp

81.9%+5.0pp

71.6%+15.2pp

Annual return

15.07%

23.78%-8.7pp

5155.94%-5140.9pp

20.87%-5.8pp

Employer contribution / active EE

$5,909

$3,144+88.0%

$4,695+25.8%

$2,310+155.7%

Participant deferral / active EE

$13,060

$5,902+121.3%

$6,247+109.1%

$3,537+269.3%

Admin fee / account holder

-$27

$80-133.8%

$9,243-100.3%

$97-127.9%

Provider

Service type

Compensation

MERCER1 year

Service code 17 · EIN 30-0282430

Pension Consulting

$47,454

KBC HOLDINGS LLC1 year

Filed as: KBC HOLDING, LLC

Service code 16 · EIN 26-1535450

Consulting

$45,479

KANON BLOCH CARRE2+ years

Service code 27 · EIN 26-1535450

Advisory (Plan)

$18,705

KAF FINANCIAL ADVISORS1 year

Filed as: KAF FINANCIAL GROUP

Service code 16 · EIN 04-3121055

Consulting

$13,750

KIRKLAND ALBRECHT & FREDRICKSON LLC1 year

Filed as: KIRKLAND ALBRECHT FREDRICKSON LLS

Service code 10 · EIN 04-3121055

Accounting

$13,750

FIDUCIARY INVESTMENT ADVISORS1 year

Service code 27 · EIN 20-4751585

Advisory (Plan)

$11,018

CITRIN COOPERMAN1 year

Service code 10 · EIN 22-2428965

Accounting

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$186,933

GOODWIN PROCTER LLP PARTNERSHIP PROFIT SHARING SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODWIN PROCTER LLP PARTNERSHIP PROFIT SHARING SAVINGS PLAN

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