Retirement plan

FISH & RICHARDSON ASSOCIATES' - 401(K) PLAN

Name: FISH & RICHARDSON P.C - FISH & RICHARDSON ASSOCIATES' - 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 ASSOCIATES' - 401(K) PLAN, FISH & RICHARDSON P.C

FISH & RICHARDSON P.CEIN 04-3254521Plan #003PY 2024

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

Other plans on this EIN

2 filings

#001Retirement-$641.0M assets #004Retirement-$153.9M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$31.7M

+7.5% from 2023

Total participants

276

-4.8% from 2023

Average account balance

$116,887

+13.4% from 2023

Annual return

7.97%

-2.62 pp from 2023

Benchmarks

See 6,290 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,290 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.68M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

271

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+7.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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 4 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.1 year Filed as: MILLIMAN INC Service code 64 · EIN 91-0675641	Recordkeeping Fees	$18,544
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$162
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$0
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$24K

$175 / participant

Recordkeeping$23K95.6%
Investment mgmt$1K4.4%

% of EOY assets

0.075%

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

$116,887

$101,539+15.1%

$147,041-20.5%

$74,400+57.1%

Participation rate

96.3%

75.5%+20.8pp

82.2%+14.2pp

67.2%+29.1pp

Annual return

7.97%

8740.84%-8732.9pp

419.21%-411.2pp

1367.51%-1359.5pp

Employer contribution / active EE

$3,811-100.0%

$4,935-100.0%

$2,624-100.0%

Participant deferral / active EE

$19,311

$7,304+164.4%

$8,071+139.3%

$4,348+344.1%

Admin fee / account holder

$88

$1,749-95.0%

$13,006-99.3%

$1,944-95.5%

Provider

Service type

Compensation

MILLIMAN, INC.1 year

Filed as: MILLIMAN INC

Service code 64 · EIN 91-0675641

Recordkeeping Fees

$18,544

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$162

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 ASSOCIATES' - 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISH & RICHARDSON ASSOCIATES' - 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