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 (2020) 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 2020

156 WEST 56TH STREET - NEW YORK, NY 10019212-237-1000windelsmarx.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$33.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$52.5M

+12.1% from 2019

Total participants

272

-2.9% from 2019

Average account balance

$203,394

+10.8% from 2019

Annual return

14.79%

-10.53 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393	Recordkeeping	$124,442
AMERICAN FUNDS1 year Filed as: NEWPORT CAPITAL GROUP Service code 99 · EIN 37-6572947	Other Fees	$13,914
T ROWE PRICE RPS INC1 year Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$5,708

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

1 tripped

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

$145K

$728 / participant

Other / not subdivided$145K100.0%

% of EOY assets

0.276%

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

$203,394

$99,957+103.5%

$149,745+35.8%

$73,497+176.7%

Participation rate

93.0%

75.7%+17.3pp

82.5%+10.5pp

70.7%+22.3pp

Annual return

14.79%

53.87%-39.1pp

276.72%-261.9pp

28.51%-13.7pp

Employer contribution / active EE

$3,191-100.0%

$4,646-100.0%

$2,270-100.0%

Participant deferral / active EE

$12,205

$6,073+101.0%

$6,843+78.4%

$3,740+226.4%

Admin fee / account holder

$561

$551+1.9%

$9,312-94.0%

$513+9.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$124,442

AMERICAN FUNDS1 year

Filed as: NEWPORT CAPITAL GROUP

Service code 99 · EIN 37-6572947

Other Fees

$13,914

T ROWE PRICE RPS INC1 year

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$5,708

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