Retirement plan

SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST

Name: SHIPMAN & GOODWIN LLP - SHIPMAN & GOODWIN LLP PROFIT SHARING RETIREMENT PLAN AND TRUST (2022) 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 2022

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

Other plans on this EIN

2 filings

#002Retirement-$22.8M assets #003Retirement-$11.9M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$159.2M

-19.2% from 2021

Total participants

338

-0.3% from 2021

Average account balance

$510,298

-18.6% from 2021

Annual return

-16.03%

-29.26 pp from 2021

Benchmarks

See 5,988 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,988 peers

Snapshot2022

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.8+ years Filed as: VANGUARD GROUP, INC. Service code 33 100 VANGUARD BOULEVARD · MALVERN, PA 19355	Shareholder servicing fees; Participa...	$15,864

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

$15K

$63 / participant

Contract admin$15K100.0%

% of EOY assets

0.009%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$510,298

$84,482+504.0%

$125,363+307.1%

$66,930+662.4%

Participation rate

88.9%

76.4%+12.5pp

82.4%+6.6pp

69.8%+19.1pp

Annual return

-16.03%

-8.49%-7.5pp

572.15%-588.2pp

1.57%-17.6pp

Employer contribution / active EE

$11,889

$3,553+234.6%

$4,815+146.9%

$2,545+367.1%

Participant deferral / active EE

$8,958

$6,782+32.1%

$7,447+20.3%

$4,238+111.4%

Admin fee / account holder

$48

$685-93.0%

$10,005-99.5%

$593-92.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.8+ years

Filed as: VANGUARD GROUP, INC.

Service code 33

100 VANGUARD BOULEVARD · MALVERN, PA 19355

Shareholder servicing fees; Participa...

$15,864

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