Retirement plan

FISH & RICHARDSON PROFIT SHARING - 401(K) PLAN

Name: FISH & RICHARDSON P.C. - FISH & RICHARDSON PROFIT SHARING - 401(K) PLAN (2024) Form 5500
Creator: FISH & RICHARDSON P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FISH & RICHARDSON PROFIT SHARING - 401(K) PLAN, FISH & RICHARDSON P.C.

FISH & RICHARDSON P.C.EIN 04-3254521Plan #001PY 2024

60 SOUTH SIXTH STREET SUITE 3200 - MINNEAPOLIS, MN 55402612-335-5070

Other plans on this EIN

2 filings

#004Retirement-$153.9M assets #003Retirement-$31.7M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$641M

-7.1% from 2016

Total participants

1,457

+0.9% from 2016

Average account balance

$443,293

+0.5% from 2016

Annual return

15.32%

-7.61 pp from 2016

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$641.00M

Not enough data

1 years with asset history on file

Average account balance

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

$443K

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.

1,446

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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
MILLIMAN, INC.1 year Filed as: MILLIMAN INC Service code 64 · EIN 91-0675641	Recordkeeping Fees	$74,174
AMERICAN FUNDS1 year Filed as: ADVANCED CAPITAL GROUP INC Service code 26 · EIN 41-1921960	Advisory (Participants)	$55,633
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN Service code 15 · EIN 34-1479833	Recordkeeping	$26,975
WOLD FINANCIAL GROUP LLC3 years Service code 26 · EIN 82-4312429	Advisory (Participants)	$24,157
MAKROD INVESTMENT ASSOCIATES4 years Filed as: MAKROD INVESTMENT ASSOCIATES I Service code 26 · EIN 22-2034385	Advisory (Participants)	$15,050
CORIENT PRIVATE WEALTH LLC2 years Service code 26 · EIN 88-0967642	Advisory (Participants)	$9,920
INDEX CORE - PASSIVE THROUGH TARGET2 years Filed as: INDEX FUND ADVISORS INC Service code 26 · EIN 46-3096907	Advisory (Participants)	$6,466
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$3,236
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$1
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 codes2E2F2G2J2R2T2S

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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$241K

$231 / participant

Recordkeeping$100K41.4%
Investment mgmt$118K48.9%
Other / not subdivided$23K9.7%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$443,293

$122,128+263.0%

$147,117+201.3%

$200,096+121.5%

Participation rate

98.9%

78.2%+20.8pp

82.2%+16.8pp

72.0%+26.9pp

Annual return

15.32%

30.58%-15.3pp

420.54%-405.2pp

34.26%-18.9pp

Employer contribution / active EE

$14,982

$4,093+266.1%

$4,932+203.7%

$3,038+393.2%

Participant deferral / active EE

$12,437

$8,484+46.6%

$8,065+54.2%

$5,090+144.3%

Admin fee / account holder

$167

$180-7.2%

$12,993-98.7%

$269-38.1%

Provider

Service type

Compensation

MILLIMAN, INC.1 year

Filed as: MILLIMAN INC

Service code 64 · EIN 91-0675641

Recordkeeping Fees

$74,174

AMERICAN FUNDS1 year

Filed as: ADVANCED CAPITAL GROUP INC

Service code 26 · EIN 41-1921960

Advisory (Participants)

$55,633

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN

Service code 15 · EIN 34-1479833

Recordkeeping

$26,975

WOLD FINANCIAL GROUP LLC3 years

Service code 26 · EIN 82-4312429

Advisory (Participants)

$24,157

MAKROD INVESTMENT ASSOCIATES4 years

Filed as: MAKROD INVESTMENT ASSOCIATES I

Service code 26 · EIN 22-2034385

Advisory (Participants)

$15,050

CORIENT PRIVATE WEALTH LLC2 years

Service code 26 · EIN 88-0967642

Advisory (Participants)

$9,920

INDEX CORE - PASSIVE THROUGH TARGET2 years

Filed as: INDEX FUND ADVISORS INC

Service code 26 · EIN 46-3096907

Advisory (Participants)

$6,466

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$3,236

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

CHARLES SCHWAB & CO., INC.1 year

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

Service code 59

Shareholder Servicing

FISH & RICHARDSON PROFIT SHARING - 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISH & RICHARDSON PROFIT SHARING - 401(K) 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