Retirement plan

SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN

Name: SKADDEN ARPS SLATE MEAGHER & FLOM, LLP - SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN (2022) Form 5500
Creator: SKADDEN ARPS SLATE MEAGHER & FLOM, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN, SKADDEN ARPS SLATE MEAGHER & FLOM, LLP

SKADDEN ARPS SLATE MEAGHER & FLOM, LLPEIN 13-1777230Plan #003PY 2022

ONE MANHATTAN WEST - NEW YORK, NY 100018602212-735-3000skadden.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$401.0M assets #005Retirement-$144.2M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$1134.1M

-17.1% from 2016

Total participants

4,699

-0.8% from 2016

Average account balance

$261,013

-15.6% from 2016

Annual return

-17.79%

-19.04 pp from 2016

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.47B

Not enough data

1 years with asset history on file

Average account balance

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

$318K

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.

4,608

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+16.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GREAT-WEST TRUST COMPANY, LLC Service code 64 · EIN 36-4115383 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$91,595

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$92K

$33 / participant

Contract admin$92K100.0%

% of EOY assets

0.008%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$261,013

$95,388+173.6%

$125,401+108.1%

$77,906+235.0%

Participation rate

87.3%

78.6%+8.7pp

82.4%+4.9pp

73.7%+13.6pp

Annual return

-17.79%

116.19%-134.0pp

572.53%-590.3pp

12.16%-29.9pp

Employer contribution / active EE

$5,312

$3,666+44.9%

$4,816+10.3%

$2,846+86.6%

Participant deferral / active EE

$13,659

$7,711+77.1%

$7,448+83.4%

$4,805+184.3%

Admin fee / account holder

$21

$119-82.3%

$10,008-99.8%

$133-84.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GREAT-WEST TRUST COMPANY, LLC

Service code 64 · EIN 36-4115383

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$91,595

SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN

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