Retirement plan

SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN

Name: SULLIVAN & WORCESTER LLP - SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN (2019) Form 5500
Creator: SULLIVAN & WORCESTER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN, SULLIVAN & WORCESTER LLP

SULLIVAN & WORCESTER LLPEIN 04-2387531Plan #002PY 2019

ONE POST OFFICE SQUARE - BOSTON, MA 02109617-338-2800sandw.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$75.5M assets #027Retirement-$19.5M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$97.1M

+6.5% from 2018

Total participants

305

+1.0% from 2018

Average account balance

$322,439

+5.4% from 2018

Annual return

19.91%

+21.20 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$117.91M

Not enough data

1 years with asset history on file

Average account balance

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

$426K

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.

277

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$81,931
WELCH & FORBES LLC5+ years Service code 26 · EIN 04-3573806	Advisory (Participants)	$22,553
PINNEY & SCOFIELD INC2 years Service code 26 · EIN 87-0699734	Advisory (Participants)	$14,596
BIRCH HILL INVESTMENT ADVISORS5+ years Service code 26 · EIN 20-8723327	Advisory (Participants)	$9,727
CHARLES SCHWAB & CO., INC.5+ years Service code 33 · EIN 94-1737782	Float revenue; Securities brokerage c...	$954
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB & CO. AND AFFILIATES Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$131K

$606 / participant

Investment mgmt$47K35.8%
Other / not subdivided$84K64.2%

% of EOY assets

0.135%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAYER HOFFMAN MCCANN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$322,439

$89,652+259.7%

$141,162+128.4%

$65,185+394.7%

Participation rate

98.1%

74.7%+23.4pp

82.5%+15.7pp

70.2%+27.9pp

Annual return

19.91%

32.79%-12.9pp

71.39%-51.5pp

29.38%-9.5pp

Employer contribution / active EE

$1,049

$3,065-65.8%

$4,735-77.8%

$2,177-51.8%

Participant deferral / active EE

$11,837

$5,691+108.0%

$6,709+76.4%

$3,514+236.9%

Admin fee / account holder

$435

$569-23.5%

$10,261-95.8%

$847-48.7%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$81,931

WELCH & FORBES LLC5+ years

Service code 26 · EIN 04-3573806

Advisory (Participants)

$22,553

PINNEY & SCOFIELD INC2 years

Service code 26 · EIN 87-0699734

Advisory (Participants)

$14,596

BIRCH HILL INVESTMENT ADVISORS5+ years

Service code 26 · EIN 20-8723327

Advisory (Participants)

$9,727

CHARLES SCHWAB & CO., INC.5+ years

Service code 33 · EIN 94-1737782

Float revenue; Securities brokerage c...

$954

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB & CO. AND AFFILIATES

Service code 59

Shareholder Servicing

SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT 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