Retirement plan

BROWN RUDNICK LLP 401K PLAN

Name: BROWN RUDNICK LLP - BROWN RUDNICK LLP 401K PLAN (2015) Form 5500
Creator: BROWN RUDNICK LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN RUDNICK LLP 401K PLAN, BROWN RUDNICK LLP

BROWN RUDNICK LLPEIN 04-3108175Plan #003PY 2015

ONE FINANCIAL CENTER - BOSTON, MA 02111617-856-8221

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$88.9M

No prior year

Total participants

604

No prior year

Average account balance

$166,448

No prior year

Annual return

0.61%

No prior year

Benchmarks

See 2,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,331 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$140.54M

Not enough data

1 years with asset history on file

Average account balance

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

$362K

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.

388

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$434

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 9 by compensation

Provider	Service type	Compensation
MCCREADY & KEENE INC.1+ years Service code 15 · EIN 35-0500670	Recordkeeping	$120,272
NFP RETIREMENT INC1+ years Filed as: NFP 401K ADVISORS Service code 27 176 FEDERAL STREET MEZZANINE · BOSTON, MA 02110	Advisory (Plan)	$42,704
MATRIX TRUST COMPANY1+ years Filed as: MG TRUST CO. DBA MATRIX TRUST CO. Service code 18 · EIN 75-3182674	Float revenue; Custodial (securities)...	$20,589
MORGAN STANLEY SMITH BARNEY1+ years Service code 10 6037 LA FLECHA · RANCHO SANTO FE, CA 92067	Accounting	$14,696
CARON & BLETZER, PLLC1+ years Filed as: CARON & BLETZER PLLC Service code 10 · EIN 04-3499945	Accounting	$8,982
GOLDMAN SACHS1+ years Filed as: GILL DOUEK Service code 10 153 EAST 53RD ST 23RD FLOOR · NEW YORK, NY 10022	Accounting	$8,160
MATT STRINGER1+ years Filed as: MATT SPAUSTAT Service code 10 P.O. BOX 2226 · OMAHA, NE 681032226	Accounting	$7,615
WILMINGTON TRUST1+ years Filed as: WILMINGTON TRUST RETIREMENT Service code 18 · EIN 51-0099033	Custodial (other than securities); Fl...	$7,075
401(K) ADVISORS INC1+ years Filed as: WF ADVISORS Service code 10 ONE BOSTON PLACE SUITE 3520 · BOSTON, MA 02108	Accounting	$5,746

Plan features & details

Pension benefit codes2A2E2F2G2R2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.)
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).

Expense breakdown

Schedule H Part II

Admin total

$246K

$738 / participant

Investment mgmt$209K85.1%
Other / not subdivided$37K14.9%

% of EOY assets

0.277%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,448

$88,324+88.5%

$115,038+44.7%

$55,191+201.6%

Participation rate

79.0%

72.5%+6.4pp

81.4%-2.4pp

69.2%+9.8pp

Annual return

0.61%

6.30%-5.7pp

26.14%-25.5pp

10.78%-10.2pp

Employer contribution / active EE

$9,238

$2,805+229.4%

$4,608+100.5%

$1,899+386.5%

Participant deferral / active EE

$9,704

$5,042+92.5%

$6,026+61.0%

$3,046+218.5%

Admin fee / account holder

$460

$105+337.0%

$8,175-94.4%

$91+407.2%

Provider

Service type

Compensation

MCCREADY & KEENE INC.1+ years

Service code 15 · EIN 35-0500670

Recordkeeping

$120,272

NFP RETIREMENT INC1+ years

Filed as: NFP 401K ADVISORS

Service code 27

176 FEDERAL STREET MEZZANINE · BOSTON, MA 02110

Advisory (Plan)

$42,704

MATRIX TRUST COMPANY1+ years

Filed as: MG TRUST CO. DBA MATRIX TRUST CO.

Service code 18 · EIN 75-3182674

Float revenue; Custodial (securities)...

$20,589

MORGAN STANLEY SMITH BARNEY1+ years

Service code 10

6037 LA FLECHA · RANCHO SANTO FE, CA 92067

Accounting

$14,696

CARON & BLETZER, PLLC1+ years

Filed as: CARON & BLETZER PLLC

Service code 10 · EIN 04-3499945

Accounting

$8,982

GOLDMAN SACHS1+ years

Filed as: GILL DOUEK

Service code 10

153 EAST 53RD ST 23RD FLOOR · NEW YORK, NY 10022

Accounting

$8,160

MATT STRINGER1+ years

Filed as: MATT SPAUSTAT

Service code 10

P.O. BOX 2226 · OMAHA, NE 681032226

Accounting

$7,615

WILMINGTON TRUST1+ years

Filed as: WILMINGTON TRUST RETIREMENT

Service code 18 · EIN 51-0099033

Custodial (other than securities); Fl...

$7,075

401(K) ADVISORS INC1+ years

Filed as: WF ADVISORS

Service code 10

ONE BOSTON PLACE SUITE 3520 · BOSTON, MA 02108

Accounting

$5,746

BROWN RUDNICK LLP 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN RUDNICK LLP 401K 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