Retirement plan

ROPES & GRAY LLP RETIREMENT SAVINGS PLAN

Name: ROPES & GRAY LLP - ROPES & GRAY LLP RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: ROPES & GRAY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROPES & GRAY LLP RETIREMENT SAVINGS PLAN, ROPES & GRAY LLP

ROPES & GRAY LLPEIN 04-2233412Plan #007PY 2024

800 BOYLSTON STREET - BOSTON, MA 021993600617-951-7000

Other plans on this EIN

2 filings

#067Retirement-$251.5M assets #002Retirement-$247.7M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1370.4M

+12.0% from 2023

Total participants

4,579

+4.9% from 2023

Average account balance

$318,921

+5.2% from 2023

Annual return

15.86%

-2.13 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.37B

Not enough data

1 years with asset history on file

Average account balance

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

$319K

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.

4,297

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+15.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$294,849
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$160,151
CHARLES SCHWAB & CO., INC.2 years Service code 26 · EIN 94-1737782	Advisory (Participants)	$99,560
FIDUCIENT ADVISORS LLC1 year Service code 27 500 W MADISON ST STE 1700 · CHICAGO, IL 60661	Advisory (Plan)	$97,282
OUELLETTE WEALTH ADVISORY LLC1 year Service code 99 · EIN 82-1971348	Other Fees	$13,003
CORIENT PRIVATE WEALTH LLC1 year Service code 99 · EIN 88-0967642	Other Fees	$6,006

Plan features & details

Pension benefit codes2E2F2G2J2R2T

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.

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

$552K

$204 / participant

Recordkeeping$160K29.0%
Investment mgmt$392K71.0%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSE COOPERS LLP
Auditor EIN: 134008324
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$318,921

$122,219+160.9%

$147,096+116.8%

$199,921+59.5%

Participation rate

89.6%

78.3%+11.3pp

82.2%+7.4pp

72.0%+17.6pp

Annual return

15.86%

30.59%-14.7pp

419.75%-403.9pp

34.28%-18.4pp

Employer contribution / active EE

$7,121

$4,096+73.8%

$4,936+44.3%

$3,035+134.6%

Participant deferral / active EE

$15,085

$8,503+77.4%

$8,071+86.9%

$5,089+196.4%

Admin fee / account holder

$129

$179-28.3%

$13,005-99.0%

$269-52.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$294,849

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$160,151

CHARLES SCHWAB & CO., INC.2 years

Service code 26 · EIN 94-1737782

Advisory (Participants)

$99,560

FIDUCIENT ADVISORS LLC1 year

Service code 27

500 W MADISON ST STE 1700 · CHICAGO, IL 60661

Advisory (Plan)

$97,282

OUELLETTE WEALTH ADVISORY LLC1 year

Service code 99 · EIN 82-1971348

Other Fees

$13,003

CORIENT PRIVATE WEALTH LLC1 year

Service code 99 · EIN 88-0967642

Other Fees

$6,006

ROPES & GRAY LLP RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROPES & GRAY LLP RETIREMENT 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