Retirement plan

BROWN RUDNICK LLP 401(K) PROFIT SHARING PLAN B

Name: BROWN RUDNICK LLP - BROWN RUDNICK LLP 401(K) PROFIT SHARING PLAN B (2024) Form 5500
Creator: BROWN RUDNICK LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN RUDNICK LLP 401(K) PROFIT SHARING PLAN B, BROWN RUDNICK LLP

BROWN RUDNICK LLPEIN 04-3108175Plan #006PY 2024

ONE FINANCIAL CENTER - BOSTON, MA 02111617-856-8137

Other plans on this EIN

3 filings

#003Retirement-$140.5M assets #004Retirement-$18.4M assets #005Retirement-$3.8M assets

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$47.1M

+22.7% from 2023

Total participants

353

+17.3% from 2023

Average account balance

$183,944

+16.0% from 2023

Annual return

17.12%

-0.24 pp from 2023

Benchmarks

See 3,302 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,302 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.09M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

256

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.

64.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.67M

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

+17.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$347

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 6 by compensation

Provider	Service type	Compensation
FIDUCIENT ADVISORS LLC3 years Service code 28 · EIN 36-4001764	Investment Management	$34,923
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$23,413
CARON & BLETZER, PLLC5 years Filed as: CARON & BLETZER PLLC Service code 28 · EIN 04-3499945	Investment Management	$17,350
WITHUMSMITH+BROWN, PC1 year Filed as: PARKER BROWN & MACAULAYM PC Service code 29 · EIN 04-3499945	Legal	$7,736
CHARLES SCHWAB & CO., INC.6 years Service code 33 · EIN 94-1737782	Float revenue; Shareholder servicing ...	$103
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3H2R

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$89K

$323 / participant

Recordkeeping$23K26.4%
Investment mgmt$40K45.3%
Legal$8K8.7%
Contract admin$17K19.6%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

4 / 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

$183,944

$106,247+73.1%

$147,096+25.1%

$77,714+136.7%

Participation rate

64.7%

78.4%-13.7pp

82.2%-17.5pp

70.6%-5.9pp

Annual return

17.12%

56.87%-39.7pp

419.75%-402.6pp

31.26%-14.1pp

Employer contribution / active EE

$11,689

$4,069+187.2%

$4,936+136.8%

$2,727+328.7%

Participant deferral / active EE

$5,300

$7,996-33.7%

$8,071-34.3%

$4,649+14.0%

Admin fee / account holder

$347

$338+2.5%

$13,005-97.3%

$433-20.0%

Provider

Service type

Compensation

FIDUCIENT ADVISORS LLC3 years

Service code 28 · EIN 36-4001764

Investment Management

$34,923

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$23,413

CARON & BLETZER, PLLC5 years

Filed as: CARON & BLETZER PLLC

Service code 28 · EIN 04-3499945

Investment Management

$17,350

WITHUMSMITH+BROWN, PC1 year

Filed as: PARKER BROWN & MACAULAYM PC

Service code 29 · EIN 04-3499945

Legal

$7,736

CHARLES SCHWAB & CO., INC.6 years

Service code 33 · EIN 94-1737782

Float revenue; Shareholder servicing ...

$103

CHARLES SCHWAB & CO., INC.2 years

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

Service code 59

Shareholder Servicing

BROWN RUDNICK LLP 401(K) PROFIT SHARING PLAN B

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN RUDNICK LLP 401(K) PROFIT SHARING PLAN B

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