Retirement plan

BROWN RUDNICK LLP 401K PROFIT SHARING PLAN A

Name: BROWN RUDNICK LLP - BROWN RUDNICK LLP 401K PROFIT SHARING PLAN A (2023) Form 5500
Creator: BROWN RUDNICK LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN RUDNICK LLP 401K PROFIT SHARING PLAN A, BROWN RUDNICK LLP

BROWN RUDNICK LLPEIN 04-3108175Plan #003PY 2023

ONE FINANCIAL CENTER - BOSTON, MA 02111617-856-8200

Other plans on this EIN

3 filings

#006Retirement-$38.4M assets #004Retirement-$15.4M assets #005Retirement-$4.2M assets

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$128.1M

+16.5% from 2022

Total participants

459

-0.2% from 2022

Average account balance

$336,193

+16.2% from 2022

Annual return

16.38%

+30.54 pp from 2022

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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 10 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	$43,238
CARON & BLETZER, PLLC9+ years Filed as: CARON & BLETZER PLLC Service code 10 · EIN 04-3499945	Accounting	$38,955
DIMEO SCHNEIDER & ASSOCIATES LLC4 years Service code 28 · EIN 36-4001764	Investment Management	$33,738
WITHUMSMITH+BROWN, PC4 years Filed as: PARKER BROWN MACAULAY AND SHEE Service code 29 · EIN 04-3422478	Legal	$22,060
BLEAKLEY FINANCIAL GROUP LLC2 years Service code 26 · EIN 47-2523848	Advisory (Participants)	$19,935
CREATIVE PLANNING LLC1 year Service code 26 · EIN 43-1270780	Advisory (Participants)	$7,769
CAMBRIDGE INVESTMENT RESEARCH1 year Service code 26 · EIN 39-1897480	Advisory (Participants)	$6,554
FIRST STATE TRUST COMPANY1 year Service code 28 · EIN 13-3124172	Investment Management	$6,500
CHARLES SCHWAB & CO., INC.2 years Service code 33 · EIN 94-1737782	Direct payment from the plan; Float r...	$954
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3H

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.
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.
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

5 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.
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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$178K

$636 / participant

Recordkeeping$43K24.3%
Investment mgmt$68K38.5%
Contract admin$66K37.2%

% of EOY assets

0.139%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$336,193

$95,438+252.3%

$135,982+147.2%

$74,473+351.4%

Participation rate

72.1%

78.2%-6.1pp

81.9%-9.8pp

70.7%+1.4pp

Annual return

16.38%

32.61%-16.2pp

68.32%-51.9pp

34.36%-18.0pp

Employer contribution / active EE

$2,724

$3,878-29.8%

$4,859-43.9%

$2,638+3.2%

Participant deferral / active EE

$11,605

$7,790+49.0%

$7,760+49.5%

$4,530+156.2%

Admin fee / account holder

$467

$259+80.4%

$10,767-95.7%

$347+34.6%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$43,238

CARON & BLETZER, PLLC9+ years

Filed as: CARON & BLETZER PLLC

Service code 10 · EIN 04-3499945

Accounting

$38,955

DIMEO SCHNEIDER & ASSOCIATES LLC4 years

Service code 28 · EIN 36-4001764

Investment Management

$33,738

WITHUMSMITH+BROWN, PC4 years

Filed as: PARKER BROWN MACAULAY AND SHEE

Service code 29 · EIN 04-3422478

Legal

$22,060

BLEAKLEY FINANCIAL GROUP LLC2 years

Service code 26 · EIN 47-2523848

Advisory (Participants)

$19,935

CREATIVE PLANNING LLC1 year

Service code 26 · EIN 43-1270780

Advisory (Participants)

$7,769

CAMBRIDGE INVESTMENT RESEARCH1 year

Service code 26 · EIN 39-1897480

Advisory (Participants)

$6,554

FIRST STATE TRUST COMPANY1 year

Service code 28 · EIN 13-3124172

Investment Management

$6,500

CHARLES SCHWAB & CO., INC.2 years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Float r...

$954

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

BROWN RUDNICK LLP 401K PROFIT SHARING PLAN A

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN RUDNICK LLP 401K PROFIT SHARING PLAN A

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