Retirement plan

SIMPSON, THACHER AND BARTLETT LLP SUPPLEMENTAL PROFIT SHARING PLAN FOR PARTNERS

Name: SIMPSON THACHER & BARTLETT LLP - SIMPSON, THACHER AND BARTLETT LLP SUPPLEMENTAL PROFIT SHARING PLAN FOR PARTNERS (2023) Form 5500
Creator: SIMPSON THACHER & BARTLETT LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMPSON, THACHER AND BARTLETT LLP SUPPLEMENTAL PROFIT SHARING PLAN FOR PARTNERS, SIMPSON THACHER & BARTLETT LLP

SIMPSON THACHER & BARTLETT LLPEIN 13-5395280Plan #050PY 2023

425 LEXINGTON AVENUE - NEW YORK, NY 100173954212-455-2000stblaw.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

6 filings

#003Retirement-$385.3M assets #004Retirement-$253.7M assets #052Retirement-$169.7M assets #001Retirement-$51.7M assets #053Retirement-$25.9M assets #002Retirement-$7.0M assets

Prospect flagsHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$200M

-1.1% from 2016

Total participants

256

+1.3% from 2016

Average account balance

$809,664

-2.4% from 2016

Annual return

19.80%

-5.10 pp from 2016

Benchmarks

See 6,227 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,227 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$236.77M

Not enough data

1 years with asset history on file

Average account balance

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

$940K

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.

252

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$42K

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

+18.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-220

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3B2E

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANCHIN, BLOCK & ANCHIN LLP
Auditor EIN: 130436940
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$809,664

$91,480+785.1%

$135,998+495.3%

$71,535+1031.8%

Participation rate

96.0%

75.7%+20.3pp

81.9%+14.0pp

67.9%+28.0pp

Annual return

19.80%

29.89%-10.1pp

68.37%-48.6pp

28.97%-9.2pp

Employer contribution / active EE

$37,336

$3,705+907.6%

$4,860+668.3%

$2,590+1341.6%

Participant deferral / active EE

$7,095-100.0%

$7,761-100.0%

$4,292-100.0%

Admin fee / account holder

-$206

$1,267-116.2%

$10,769-101.9%

$1,589-112.9%

SIMPSON, THACHER AND BARTLETT LLP SUPPLEMENTAL PROFIT SHARING PLAN FOR PARTNERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMPSON, THACHER AND BARTLETT LLP SUPPLEMENTAL PROFIT SHARING PLAN FOR PARTNERS

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