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 (2020) 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 2020

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

Other plans on this EIN

5 filings

#009Retirement-$402.7M assets #002Retirement-$270.4M assets #001Retirement-$178.8M assets #013Retirement-$68.9M assets #011Retirement-$28.5M assets

Prospect flagsHigh assets / participant

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)

$654.6M

-14.9% from 2016

Total participants

2,580

-1.9% from 2016

Average account balance

$253,705

-13.3% from 2016

Annual return

14.55%

-18.95 pp from 2016

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Participant loan processing; Finders'...	$84,211
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS INSTL OPS CO. Service code 37 · EIN 04-2647786	Loan Processing	$26,318
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS INSTL.OPERATIO Service code 60	Sub-TA Fees	$0
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0
T ROWE PRICE RPS INC5 years Filed as: T ROWE PRICE Service code 28 100 EAST PRATT STREET · BALTIMORE, MD 21202	Investment Management	$0
T ROWE PRICE RPS INC4 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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$111K

$76 / participant

Contract admin$111K100.0%

% of EOY assets

0.017%

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

$253,705

$127,481+99.0%

$149,751+69.4%

$90,274+181.0%

Participation rate

100.0%

78.2%+21.8pp

82.5%+17.5pp

73.4%+26.6pp

Annual return

14.55%

57.78%-43.2pp

276.71%-262.2pp

53.97%-39.4pp

Employer contribution / active EE

$5,282

$3,448+53.2%

$4,646+13.7%

$2,523+109.3%

Participant deferral / active EE

$13,985

$6,975+100.5%

$6,843+104.4%

$4,231+230.6%

Admin fee / account holder

$43

$152-71.5%

$9,312-99.5%

$114-62.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Finders'...

$84,211

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS INSTL OPS CO.

Service code 37 · EIN 04-2647786

Loan Processing

$26,318

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS INSTL.OPERATIO

Service code 60

Sub-TA Fees

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

T ROWE PRICE RPS INC5 years

Filed as: T ROWE PRICE

Service code 28

100 EAST PRATT STREET · BALTIMORE, MD 21202

Investment Management

T ROWE PRICE RPS INC4 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