Retirement plan

WEIL, GOTSHAL & MANGES SECTION 401(K) SAVINGS AND INVESTMENT PLAN

Name: WEIL, GOTSHAL & MANGES LLP - WEIL, GOTSHAL & MANGES SECTION 401(K) SAVINGS AND INVESTMENT PLAN (2016) Form 5500
Creator: WEIL, GOTSHAL & MANGES LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEIL, GOTSHAL & MANGES SECTION 401(K) SAVINGS AND INVESTMENT PLAN, WEIL, GOTSHAL & MANGES LLP

WEIL, GOTSHAL & MANGES LLPEIN 13-1456110Plan #006PY 2016

767 FIFTH AVE - NEW YORK, NY 101530119212-310-8000weil.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

5 filings

#009Retirement-$277.4M assets #002Retirement-$197.6M assets #001Retirement-$125.5M assets #011Retirement-$22.5M assets #010Retirement--

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 23, 2014 (most recent of 2 filings on file)

Plan administrator

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767 Fifth Avenue

New York City State: NY Zip Code: 10153

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Plans declared (1)

Supplemental Executive Retirement Plan Agreement1 emp

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Total assets (EOY)

$440.1M

-14.9% from 2016

Total participants

2,454

-1.9% from 2016

Average account balance

$179,333

-13.3% from 2016

Annual return

18.80%

-18.95 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort664 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$785.89M

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

2,716

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+16.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Investm...	$204,567
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0
NEUBERGER BERMAN2+ years Filed as: NEUBERGER BERMAN GROUP LLC Service code 28 605 THIRD AVENUE · NEW YORK, NY 10158	Investment Management	$0
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE Service code 28 100 EAST PRATT STREET · BALTIMORE, MD 21202	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3B3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$205K

$151 / participant

Contract admin$205K100.0%

% of EOY assets

0.046%

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: EISNERAMPER LLP
Auditor EIN: 131639826
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$179,333

$85,635+109.4%

$123,894+44.7%

$63,975+180.3%

Participation rate

100.0%

74.9%+25.1pp

81.4%+18.6pp

71.1%+28.9pp

Annual return

18.80%

15.74%+3.1pp

47.52%-28.7pp

48.65%-29.8pp

Employer contribution / active EE

$3,293

$3,076+7.0%

$4,617-28.7%

$2,182+50.9%

Participant deferral / active EE

$12,174

$5,667+114.8%

$5,984+103.4%

$3,356+262.7%

Admin fee / account holder

$83

$75+11.3%

$8,357-99.0%

$70+18.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Investm...

$204,567

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

NEUBERGER BERMAN2+ years

Filed as: NEUBERGER BERMAN GROUP LLC

Service code 28

605 THIRD AVENUE · NEW YORK, NY 10158

Investment Management

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE

Service code 28

100 EAST PRATT STREET · BALTIMORE, MD 21202

Investment Management

WEIL, GOTSHAL & MANGES SECTION 401(K) SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEIL, GOTSHAL & MANGES SECTION 401(K) SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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