Retirement plan

GOODWIN PROCTER LLP PARTNERSHIP PROFIT SHARING SAVINGS PLAN

Name: GOODWIN PROCTER LLP - GOODWIN PROCTER LLP PARTNERSHIP PROFIT SHARING SAVINGS PLAN (2018) 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 2018

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

Other plans on this EIN

3 filings

#007Retirement-$170.2M assets #008Retirement-$46.2M assets #009Retirement-$46.1M assets

Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$585.3M

-12.1% from 2017

Total participants

2,121

-2.9% from 2017

Average account balance

$302,341

-8.8% from 2017

Annual return

12.03%

-4.33 pp from 2017

Benchmarks

See 688 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort688 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$985.46M

Not enough data

1 years with asset history on file

Average account balance

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

$338K

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.

2,917

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+29.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13

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 3 by compensation

Provider	Service type	Compensation
FIDUCIARY INVESTMENT ADVISORS2 years Service code 27 · EIN 20-4751585	Advisory (Plan)	$22,035
CITRIN COOPERMAN2 years Service code 10 · EIN 22-2428965	Accounting	$6,250
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	-$17,823

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

3 tripped

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

Admin total

$6K

$4 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.001%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$302,341

$88,874+240.2%

$123,553+144.7%

$75,289+301.6%

Participation rate

86.0%

75.9%+10.2pp

82.3%+3.7pp

72.4%+13.6pp

Annual return

12.03%

4.22%+7.8pp

119.21%-107.2pp

-0.04%+12.1pp

Employer contribution / active EE

$5,867

$3,256+80.2%

$4,628+26.8%

$2,405+144.0%

Participant deferral / active EE

$13,037

$6,174+111.2%

$6,426+102.9%

$3,739+248.7%

Admin fee / account holder

$95-96.8%

$9,284-100.0%

$102-97.1%

Provider

Service type

Compensation

FIDUCIARY INVESTMENT ADVISORS2 years

Service code 27 · EIN 20-4751585

Advisory (Plan)

$22,035

CITRIN COOPERMAN2 years

Service code 10 · EIN 22-2428965

Accounting

$6,250

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$17,823

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