Retirement plan

ROPES & GRAY LLP RETIREMENT SAVINGS PLAN

Name: ROPES & GRAY LLP - ROPES & GRAY LLP RETIREMENT SAVINGS PLAN (2022) 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 2022

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

Other plans on this EIN

2 filings

#002Retirement-$224.6M assets #067Retirement-$199.4M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1085M

-8.7% from 2016

Total participants

4,401

+0.1% from 2016

Average account balance

$269,501

-8.0% from 2016

Annual return

-14.94%

-10.28 pp from 2016

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$287,274
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$96,975
TD AMERITRADE, INC.6 years Service code 33 · EIN 82-0543156 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage; Shareholder ser...	$92,503
MORGAN STANLEY SMITH BARNEY5 years Filed as: J.P. MORGAN SECURITIES Service code 71 · EIN 13-4994650	Brokerage Fees	$12,635

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

$385K

$139 / participant

Investment mgmt$288K74.8%
Other / not subdivided$97K25.2%

% of EOY assets

0.035%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICE WATERHOUSE COOPER LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$269,501

$95,388+182.5%

$125,401+114.9%

$77,906+245.9%

Participation rate

86.5%

78.6%+7.9pp

82.4%+4.1pp

73.7%+12.8pp

Annual return

-14.94%

116.19%-131.1pp

572.53%-587.5pp

12.16%-27.1pp

Employer contribution / active EE

$5,329

$3,666+45.3%

$4,816+10.6%

$2,846+87.2%

Participant deferral / active EE

$13,398

$7,711+73.7%

$7,448+79.9%

$4,805+178.8%

Admin fee / account holder

$96

$119-19.6%

$10,008-99.0%

$133-27.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$287,274

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$96,975

TD AMERITRADE, INC.6 years

Service code 33 · EIN 82-0543156

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage; Shareholder ser...

$92,503

MORGAN STANLEY SMITH BARNEY5 years

Filed as: J.P. MORGAN SECURITIES

Service code 71 · EIN 13-4994650

Brokerage Fees

$12,635

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