Retirement plan

SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN FOR ASSOCIATES

Name: SULLIVAN & WORCESTER LLP - SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN FOR ASSOCIATES (2020) 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 FOR ASSOCIATES, SULLIVAN & WORCESTER LLP

SULLIVAN & WORCESTER LLPEIN 04-2387531Plan #027PY 2020

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

Other plans on this EIN

2 filings

#002Retirement-$111.0M assets #001Retirement-$86.7M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$22.1M

+13.7% from 2019

Total participants

163

-3.0% from 2019

Average account balance

$140,010

+17.3% from 2019

Annual return

12.33%

-6.21 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.78M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

168

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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
CHARLES SCHWAB & CO., INC.6+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$39,525
MAYER HOFFMAN MCCANN P.C.2 years Filed as: MAYER HOFFMAN MCCANN, P.C. Service code 10 · EIN 43-1947695	Accounting	$9,450
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Float r...	$109
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB & CO. AND AFFILIATES Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$47K

$861 / participant

Investment mgmt$4K7.9%
Other / not subdivided$44K92.1%

% of EOY assets

0.214%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,010

$98,776+41.7%

$149,745-6.5%

$79,856+75.3%

Participation rate

90.9%

75.8%+15.1pp

82.5%+8.4pp

69.6%+21.3pp

Annual return

12.33%

27.38%-15.0pp

276.72%-264.4pp

31.71%-19.4pp

Employer contribution / active EE

$4,355

$3,217+35.4%

$4,646-6.3%

$2,471+76.2%

Participant deferral / active EE

$16,455

$5,681+189.6%

$6,843+140.5%

$3,741+339.9%

Admin fee / account holder

$300

$6,053-95.1%

$9,312-96.8%

$5,306-94.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$39,525

MAYER HOFFMAN MCCANN P.C.2 years

Filed as: MAYER HOFFMAN MCCANN, P.C.

Service code 10 · EIN 43-1947695

Accounting

$9,450

CHARLES SCHWAB & CO., INC.6+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Float r...

$109

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB & CO. AND AFFILIATES

Service code 59

Shareholder Servicing

SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN FOR ASSOCIATES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN FOR ASSOCIATES

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