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 (2019) 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 2019

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

Other plans on this EIN

5 filings

#009Retirement-$362.5M assets #002Retirement-$249.7M assets #001Retirement-$156.0M assets #013Retirement-$48.0M assets #011Retirement-$26.3M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

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

Plan administrator

Plan administrator name— Sign in and upgrade to view

767 Fifth Avenue

New York City State: NY Zip Code: 10153

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Supplemental Executive Retirement Plan Agreement1 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$584.6M

-14.9% from 2016

Total participants

2,645

-1.9% from 2016

Average account balance

$221,014

-13.3% from 2016

Annual return

21.95%

-18.95 pp from 2016

Benchmarks

See 733 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort733 peers

Snapshot2019

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Service code 12 · EIN 13-3689044	Investment management; Claims process...	$164,313
NATIONAL FINANCIAL SERVICES5+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0
T ROWE PRICE RPS INC4 years Filed as: T ROWE PRICE Service code 28 100 EAST PRATT STREET · BALTIMORE, MD 21202	Investment Management	$0
T ROWE PRICE RPS INC3 years Filed as: T.ROWE PRICE Service code 28	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

$164K

$117 / participant

Contract admin$164K100.0%

% of EOY assets

0.028%

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

$221,014

$101,523+117.7%

$141,200+56.5%

$77,775+184.2%

Participation rate

100.0%

77.4%+22.6pp

82.5%+17.5pp

73.2%+26.8pp

Annual return

21.95%

56.22%-34.3pp

71.41%-49.5pp

32.58%-10.6pp

Employer contribution / active EE

$4,945

$3,341+48.0%

$4,736+4.4%

$2,504+97.5%

Participant deferral / active EE

$13,502

$6,434+109.9%

$6,710+101.2%

$3,966+240.5%

Admin fee / account holder

$62

$92-32.1%

$10,265-99.4%

$100-37.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Service code 12 · EIN 13-3689044

Investment management; Claims process...

$164,313

NATIONAL FINANCIAL SERVICES5+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

T ROWE PRICE RPS INC4 years

Filed as: T ROWE PRICE

Service code 28

100 EAST PRATT STREET · BALTIMORE, MD 21202

Investment Management

T ROWE PRICE RPS INC3 years

Filed as: T.ROWE PRICE

Service code 28

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