Retirement plan

FISH & RICHARDSON PROFIT SHARING 401(K) PLAN

Name: FISH & RICHARDSON P.C. - FISH & RICHARDSON PROFIT SHARING 401(K) PLAN (2016) 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 2016

3200 RBC PLAZA 60 SOUTH 6TH STREET - MINNEAPOLIS, MN 55402612-337-2552

Other plans on this EIN

2 filings

#004Retirement-$90.9M assets #003Retirement-$18.0M assets

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$305.5M

-7.1% from 2016

Total participants

1,164

+0.9% from 2016

Average account balance

$269,626

+0.5% from 2016

Annual return

7.72%

-7.61 pp from 2016

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

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 6 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.2+ years Service code 15 · EIN 91-0675641	Recordkeeping	$167,297
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$87,173
AMERICAN FUNDS2+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 · EIN 41-1921960	Advisory (Plan)	$66,510
MILES WEALTH MANAGEMENT LLC1 year Service code 27 · EIN 20-5095058	Advisory (Plan)	$8,526
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC. Service code 19 · EIN 94-1737782	Securities Custodian	$5,184
CHARLES SCHWAB & CO., INC.2+ years Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3B

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$186K

$225 / participant

Other / not subdivided$186K100.0%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

0 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$269,626

$80,177+236.3%

$123,894+117.6%

$57,661+367.6%

Participation rate

96.3%

74.4%+21.8pp

81.4%+14.8pp

70.2%+26.0pp

Annual return

7.72%

17.90%-10.2pp

47.52%-39.8pp

5.13%+2.6pp

Employer contribution / active EE

$12,497

$2,913+329.0%

$4,617+170.7%

$1,974+533.1%

Participant deferral / active EE

$8,704

$5,130+69.7%

$5,984+45.4%

$3,061+184.4%

Admin fee / account holder

$164

$106+54.4%

$8,357-98.0%

$95+73.7%

Provider

Service type

Compensation

MILLIMAN, INC.2+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$167,297

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$87,173

AMERICAN FUNDS2+ years

Filed as: ADVANCED CAPITAL GROUP

Service code 27 · EIN 41-1921960

Advisory (Plan)

$66,510

MILES WEALTH MANAGEMENT LLC1 year

Service code 27 · EIN 20-5095058

Advisory (Plan)

$8,526

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC.

Service code 19 · EIN 94-1737782

Securities Custodian

$5,184

CHARLES SCHWAB & CO., INC.2+ years

Service code 19

Securities Custodian

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