Retirement plan

SHIPMAN & GOODWIN LLP 401(K) PROFIT SHARING PLAN FOR LAWYER EMPLOYEES

Name: SHIPMAN & GOODWIN LLP - SHIPMAN & GOODWIN LLP 401(K) PROFIT SHARING PLAN FOR LAWYER EMPLOYEES (2020) Form 5500
Creator: SHIPMAN & GOODWIN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHIPMAN & GOODWIN LLP 401(K) PROFIT SHARING PLAN FOR LAWYER EMPLOYEES, SHIPMAN & GOODWIN LLP

SHIPMAN & GOODWIN LLPEIN 06-0640174Plan #002PY 2020

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

Other plans on this EIN

2 filings

#001Retirement-$182.5M assets #003Retirement-$15.6M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$28.3M

+20.6% from 2019

Total participants

182

-6.7% from 2019

Average account balance

$179,040

+29.8% from 2019

Annual return

20.35%

-4.64 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.63M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

161

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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.6+ years Filed as: VANGUARD GROUP, INC. Service code 37 · EIN 23-1945930 100 VANGUARD BOULEVARD · MALVERN, PA 19355	Loan Processing	$3,857

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$39 / participant

Contract admin$4K100.0%

% of EOY assets

0.014%

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

$179,040

$99,957+79.1%

$149,745+19.6%

$73,497+143.6%

Participation rate

76.0%

75.7%+0.3pp

82.5%-6.5pp

70.7%+5.3pp

Annual return

20.35%

53.87%-33.5pp

276.72%-256.4pp

28.51%-8.2pp

Employer contribution / active EE

$3,191-100.0%

$4,646-100.0%

$2,270-100.0%

Participant deferral / active EE

$11,043

$6,073+81.9%

$6,843+61.4%

$3,740+195.3%

Admin fee / account holder

$24

$551-95.6%

$9,312-99.7%

$513-95.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6+ years

Filed as: VANGUARD GROUP, INC.

Service code 37 · EIN 23-1945930

100 VANGUARD BOULEVARD · MALVERN, PA 19355

Loan Processing

$3,857

SHIPMAN & GOODWIN LLP 401(K) PROFIT SHARING PLAN FOR LAWYER EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHIPMAN & GOODWIN LLP 401(K) PROFIT SHARING PLAN FOR LAWYER EMPLOYEES

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