Retirement plan

ROBINSON & COLE SAVINGS PLAN

Name: ROBINSON & COLE LLP - ROBINSON & COLE SAVINGS PLAN (2024) Form 5500
Creator: ROBINSON & COLE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROBINSON & COLE SAVINGS PLAN, ROBINSON & COLE LLP

ROBINSON & COLE LLPEIN 06-0512640Plan #003PY 2024

ONE STATE STREET - HARTFORD, CT 06103860-541-2653rc.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$30.7M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$294.3M

+11.0% from 2023

Total participants

544

+0.2% from 2023

Average account balance

$564,865

+10.4% from 2023

Annual return

12.54%

-4.04 pp from 2023

Benchmarks

See 3,315 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,315 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$294.29M

Not enough data

1 years with asset history on file

Average account balance

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

$565K

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.

521

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$355

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC3 years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$99,327
BRADLEY FOSTER & SARGENT INC3 years Service code 26 · EIN 06-1380515	Advisory (Participants)	$78,953
GRANT THORNTON LLP1 year Service code 10 33562 TREASURY CENTER · CHICAGO, IL 60694	Accounting	$21,000
FIDUCIENT ADVISORS LLC3 years Filed as: FIDUCIENT ADVISORS Service code 16 500 WEST MADISON STREET · CHICAGO, IL 60661	Consulting	$7,438
MARINER LLC1 year Filed as: MARINER PLATFORM SOLUTIONS LLC Service code 26 · EIN 84-3582920	Advisory (Participants)	$5,002
CHARLES SCHWAB & CO., INC.3 years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$2,762

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3B3H

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$185K

$476 / participant

Recordkeeping$99K53.8%
Other trustee fees$57K30.9%
Other / not subdivided$28K15.3%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $21,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$564,865

$106,028+432.8%

$146,958+284.4%

$77,643+627.5%

Participation rate

94.1%

78.4%+15.7pp

82.2%+11.9pp

70.6%+23.5pp

Annual return

12.54%

56.73%-44.2pp

418.34%-405.8pp

31.24%-18.7pp

Employer contribution / active EE

$17,174

$4,063+322.7%

$4,933+248.2%

$2,726+530.1%

Participant deferral / active EE

$15,074

$7,990+88.7%

$8,070+86.8%

$4,647+224.4%

Admin fee / account holder

$355

$337+5.1%

$12,998-97.3%

$430-17.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3 years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$99,327

BRADLEY FOSTER & SARGENT INC3 years

Service code 26 · EIN 06-1380515

Advisory (Participants)

$78,953

GRANT THORNTON LLP1 year

Service code 10

33562 TREASURY CENTER · CHICAGO, IL 60694

Accounting

$21,000

FIDUCIENT ADVISORS LLC3 years

Filed as: FIDUCIENT ADVISORS

Service code 16

500 WEST MADISON STREET · CHICAGO, IL 60661

Consulting

$7,438

MARINER LLC1 year

Filed as: MARINER PLATFORM SOLUTIONS LLC

Service code 26 · EIN 84-3582920

Advisory (Participants)

$5,002

CHARLES SCHWAB & CO., INC.3 years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$2,762

ROBINSON & COLE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROBINSON & COLE SAVINGS 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