Retirement plan

SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST

Name: SHIPMAN & GOODWIN LLP - SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST (2019) 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 2019

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

Other plans on this EIN

2 filings

#002Retirement-$23.5M assets #003Retirement-$13.2M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$160.3M

+16.4% from 2018

Total participants

340

+1.8% from 2018

Average account balance

$504,027

+14.6% from 2018

Annual return

22.23%

+24.76 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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 2 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.5+ years Filed as: VANGUARD GROUP, INC. Service code 33 100 VANGUARD BOULEVARD · MALVERN, PA 19355	Securities brokerage; Participant loa...	$18,608
TD AMERITRADE, INC.2 years Filed as: TD AMERITRADE INSTITUTIONAL Service code 60 7801 MESQUITE BEND DRIVE, SUITE 112 · IRVING, TX 750636043	Sub-TA Fees	$0

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$17K

$64 / participant

Contract admin$17K100.0%

% of EOY assets

0.011%

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

$504,027

$88,122+472.0%

$141,177+257.0%

$67,579+645.8%

Participation rate

91.8%

76.5%+15.3pp

82.5%+9.3pp

71.3%+20.5pp

Annual return

22.23%

75.40%-53.2pp

71.40%-49.2pp

378.56%-356.3pp

Employer contribution / active EE

$11,430

$3,224+254.5%

$4,736+141.4%

$2,148+432.2%

Participant deferral / active EE

$8,497

$5,958+42.6%

$6,710+26.6%

$3,539+140.1%

Admin fee / account holder

$54

$131-58.9%

$10,263-99.5%

$142-62.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.5+ years

Filed as: VANGUARD GROUP, INC.

Service code 33

100 VANGUARD BOULEVARD · MALVERN, PA 19355

Securities brokerage; Participant loa...

$18,608

TD AMERITRADE, INC.2 years

Filed as: TD AMERITRADE INSTITUTIONAL

Service code 60

7801 MESQUITE BEND DRIVE, SUITE 112 · IRVING, TX 750636043

Sub-TA Fees

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