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 (2021) 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 2021

156 WEST 56TH STREET, 21ST FLOOR - NEW YORK, NY 10019212-237-1000windelsmarx.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$36.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$61.7M

+17.5% from 2020

Total participants

270

-0.7% from 2020

Average account balance

$245,644

+20.8% from 2020

Annual return

17.50%

+2.71 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: NEWPORT CAPITAL GROUP LLC Service code 14 12 BROAD STREET · RED BANK, NJ 07701	Plan Administrator	$54,416
T ROWE PRICE RPS INC2 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$39,045

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

$93K

$479 / participant

Other / not subdivided$93K100.0%

% of EOY assets

0.152%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$245,644

$104,479+135.1%

$159,474+54.0%

$79,391+209.4%

Participation rate

90.3%

76.6%+13.6pp

82.8%+7.4pp

70.7%+19.5pp

Annual return

17.50%

67.98%-50.5pp

263.68%-246.2pp

116.88%-99.4pp

Employer contribution / active EE

$3,417-100.0%

$4,831-100.0%

$2,428-100.0%

Participant deferral / active EE

$12,666

$6,468+95.8%

$7,353+72.3%

$4,046+213.1%

Admin fee / account holder

$372

$711-47.7%

$10,802-96.6%

$627-40.6%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: NEWPORT CAPITAL GROUP LLC

Service code 14

12 BROAD STREET · RED BANK, NJ 07701

Plan Administrator

$54,416

T ROWE PRICE RPS INC2 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$39,045

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