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 (2023) 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, LLPdba MICHAEL M. MORIARTYEIN 13-2773235Plan #002PY 2023

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 flagsNo flags tripped

How to read this page

Total assets (EOY)

$58.4M

+21.2% from 2022

Total participants

286

+4.4% from 2022

Average account balance

$214,786

+15.9% from 2022

Annual return

19.94%

+35.83 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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 FUNDS3 years Filed as: NEWPORT CAPITAL GROUP LLC Service code 16 12 BROAD STREET · RED BANK, NJ 07701	Consulting	$40,797
T ROWE PRICE RPS INC4 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$37,733

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$79K

$372 / participant

Recordkeeping$38K48.0%
Other / not subdivided$41K52.0%

% of EOY assets

0.134%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$214,786

$91,439+134.9%

$135,974+58.0%

$71,511+200.4%

Participation rate

93.4%

75.7%+17.7pp

81.9%+11.4pp

67.9%+25.4pp

Annual return

19.94%

29.90%-10.0pp

68.30%-48.4pp

28.86%-8.9pp

Employer contribution / active EE

$3,705-100.0%

$4,859-100.0%

$2,589-100.0%

Participant deferral / active EE

$13,868

$7,093+95.5%

$7,760+78.7%

$4,291+223.2%

Admin fee / account holder

$289

$1,267-77.2%

$10,767-97.3%

$1,588-81.8%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Filed as: NEWPORT CAPITAL GROUP LLC

Service code 16

12 BROAD STREET · RED BANK, NJ 07701

Consulting

$40,797

T ROWE PRICE RPS INC4 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$37,733

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