Retirement plan

SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST

Name: SHIPMAN & GOODWIN LLP - SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST (2017) Form 5500
Creator: SHIPMAN & GOODWIN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST, SHIPMAN & GOODWIN LLP

SHIPMAN & GOODWIN LLPEIN 06-0640174Plan #001PY 2017

ONE CONSTITUTION PLAZA - HARTFORD, CT 061031136860-251-5000shipmangoodwin.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#002Retirement-$22.6M assets #003Retirement-$9.6M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$150M

+15.3% from 2016

Total participants

345

+3.6% from 2016

Average account balance

$476,264

+13.1% from 2016

Annual return

16.05%

+8.01 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$193.45M

Not enough data

1 years with asset history on file

Average account balance

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

$620K

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.

312

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+17.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3+ years Filed as: VANGUARD GROUP, INC. Service code 33 · EIN 23-1945930 100 VANGUARD BOULEVARD · MALVERN, PA 19355	Securities brokerage; Participant loa...	$18,651

Plan features & details

Pension benefit codes2E2F2G2J2R

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.

Opportunity flags

2 tripped

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

$17K

$59 / participant

Contract admin$17K100.0%

% of EOY assets

0.012%

all-in expense ratio

Categories reported

1 / 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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$476,264

$155,795+205.7%

$136,298+249.4%

$69,631+584.0%

Participation rate

89.8%

75.2%+14.5pp

81.9%+7.8pp

70.7%+19.1pp

Annual return

16.05%

232464.33%-232448.3pp

5156.27%-5140.2pp

27571.02%-27555.0pp

Employer contribution / active EE

$10,338

$2,991+245.7%

$4,696+120.2%

$2,032+408.7%

Participant deferral / active EE

$7,799

$5,394+44.6%

$6,247+24.8%

$3,224+141.9%

Admin fee / account holder

$55

$128-57.1%

$9,244-99.4%

$110-50.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3+ years

Filed as: VANGUARD GROUP, INC.

Service code 33 · EIN 23-1945930

100 VANGUARD BOULEVARD · MALVERN, PA 19355

Securities brokerage; Participant loa...

$18,651

SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST

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