Retirement plan

WINDELS MARX LANE & MITTENDORF, LLP PROFIT SHARING 401(K) PLAN

Name: WINDELS MARX LANE & MITTENDORF, LLP - WINDELS MARX LANE & MITTENDORF, LLP PROFIT SHARING 401(K) PLAN (2016) Form 5500
Creator: WINDELS MARX LANE & MITTENDORF, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINDELS MARX LANE & MITTENDORF, LLP PROFIT SHARING 401(K) PLAN, WINDELS MARX LANE & MITTENDORF, LLP

WINDELS MARX LANE & MITTENDORF, LLPEIN 13-2773235Plan #002PY 2016

156 WEST 56TH STREET - NEW YORK, NY 100193800212-237-1000windelsmarx.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$24.2M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$32.8M

+17.3% from 2015

Total participants

247

-2.0% from 2015

Average account balance

$165,539

+12.0% from 2015

Annual return

11.25%

+11.80 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$69.24M

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

284

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.17M

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

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$318

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
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$107,123

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$108K

$517 / participant

Other / not subdivided$108K100.0%

% of EOY assets

0.330%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MATTHEWS, PANARIELLO P.C.
Auditor EIN: 222657957
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,539

$75,183+120.2%

$123,894+33.6%

$55,167+200.1%

Participation rate

76.6%

72.8%+3.7pp

81.4%-4.9pp

69.0%+7.6pp

Annual return

11.25%

19.01%-7.8pp

47.52%-36.3pp

169.23%-158.0pp

Employer contribution / active EE

$70

$2,823-97.5%

$4,617-98.5%

$1,963-96.4%

Participant deferral / active EE

$9,102

$5,084+79.0%

$5,984+52.1%

$3,054+198.0%

Admin fee / account holder

$546

$663-17.6%

$8,357-93.5%

$504+8.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$107,123

WINDELS MARX LANE & MITTENDORF, LLP PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WINDELS MARX LANE & MITTENDORF, LLP PROFIT SHARING 401(K) 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