Retirement plan

FISH & RICHARDSON PROFIT SHARING 401(K) PLAN

Name: FISH & RICHARDSON P.C. - FISH & RICHARDSON PROFIT SHARING 401(K) PLAN (2021) 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 2021

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

Other plans on this EIN

2 filings

#004Retirement-$136.7M assets #003Retirement-$32.3M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$577.1M

-7.1% from 2016

Total participants

1,413

+0.9% from 2016

Average account balance

$417,282

+0.5% from 2016

Annual return

15.12%

-7.61 pp from 2016

Benchmarks

See 813 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort813 peers

Snapshot2021

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 8 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.7+ years Service code 15 · EIN 91-0675641	Recordkeeping	$202,315
AMERICAN FUNDS7+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 · EIN 41-1921960	Advisory (Plan)	$62,545
CHARLES SCHWAB & CO., INC.7+ years Filed as: CHARLES SCHWAB BANK Service code 19	Securities Custodian	$55,423
ADVISORNET FINANCIAL1 year Filed as: ADVISORNET WEALTH MANAGEMENT Service code 27 · EIN 41-1378662	Advisory (Plan)	$17,087
MAKROD INVESTMENT ASSOCIATES1 year Filed as: MAKROD INVESTMENT ASSOCIATES I Service code 27 · EIN 22-2034385	Advisory (Plan)	$16,848
RIVERBRIDGE PARTNERS1 year Filed as: RIVERBRIDGE PARTNERS LLC Service code 27 · EIN 41-1930193	Advisory (Plan)	$10,784
CHARLES SCHWAB & CO., INC.7+ years Service code 19 · EIN 94-1737782	Securities Custodian	$1,820
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$202K

$199 / participant

Other / not subdivided$202K100.0%

% of EOY assets

0.035%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$417,282

$120,450+246.4%

$159,495+161.6%

$93,010+348.6%

Participation rate

97.0%

78.0%+19.1pp

82.8%+14.2pp

73.9%+23.1pp

Annual return

15.12%

27.11%-12.0pp

263.72%-248.6pp

158.70%-143.6pp

Employer contribution / active EE

$12,523

$3,526+255.2%

$4,831+159.2%

$2,705+362.9%

Participant deferral / active EE

$10,242

$7,283+40.6%

$7,354+39.3%

$4,561+124.6%

Admin fee / account holder

$146

$137+7.1%

$10,804-98.6%

$152-3.5%

Provider

Service type

Compensation

MILLIMAN, INC.7+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$202,315

AMERICAN FUNDS7+ years

Filed as: ADVANCED CAPITAL GROUP

Service code 27 · EIN 41-1921960

Advisory (Plan)

$62,545

CHARLES SCHWAB & CO., INC.7+ years

Filed as: CHARLES SCHWAB BANK

Service code 19

Securities Custodian

$55,423

ADVISORNET FINANCIAL1 year

Filed as: ADVISORNET WEALTH MANAGEMENT

Service code 27 · EIN 41-1378662

Advisory (Plan)

$17,087

MAKROD INVESTMENT ASSOCIATES1 year

Filed as: MAKROD INVESTMENT ASSOCIATES I

Service code 27 · EIN 22-2034385

Advisory (Plan)

$16,848

RIVERBRIDGE PARTNERS1 year

Filed as: RIVERBRIDGE PARTNERS LLC

Service code 27 · EIN 41-1930193

Advisory (Plan)

$10,784

CHARLES SCHWAB & CO., INC.7+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$1,820

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

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