Retirement plan

SULLIVAN & CROMWELL LLP EMPLOYEES' SAVINGS PLAN

Name: SULLIVAN & CROMWELL LLP - SULLIVAN & CROMWELL LLP EMPLOYEES' SAVINGS PLAN (2023) Form 5500
Creator: SULLIVAN & CROMWELL LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SULLIVAN & CROMWELL LLP EMPLOYEES' SAVINGS PLAN, SULLIVAN & CROMWELL LLP

SULLIVAN & CROMWELL LLPEIN 13-5420320Plan #003PY 2023

125 BROAD STREET - NEW YORK, NY 100042498212-558-4000sullcrom.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

7 filings

#078Retirement-$352.2M assets #004Retirement-$313.7M assets #002Retirement-$310.5M assets #001Retirement-$112.2M assets #079Retirement--#080Retirement--#081Retirement--

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$343.4M

+127.4% from 2022

Total participants

1,150

+87.0% from 2022

Average account balance

$304,952

+20.6% from 2022

Annual return

129.69%

+148.57 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$394.00M

Not enough data

1 years with asset history on file

Average account balance

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

$332K

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.

1,187

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+18.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$89,362
COOK STREET CONSULTING9+ years Service code 27 · EIN 04-2647786	Advisory (Plan)	$31,377
SEYFARTH SHAW LLP9+ years Service code 29 · EIN 36-2152202	Legal	$10,110
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2G2J2R2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$131K

$207 / participant

Recordkeeping$89K68.3%
Investment mgmt$31K24.0%
Legal$10K7.7%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$304,952

$95,417+219.6%

$135,974+124.3%

$74,460+309.6%

Participation rate

96.2%

78.2%+18.0pp

81.9%+14.3pp

70.7%+25.5pp

Annual return

129.69%

32.76%+96.9pp

68.30%+61.4pp

34.38%+95.3pp

Employer contribution / active EE

$4,653

$3,878+20.0%

$4,859-4.2%

$2,638+76.4%

Participant deferral / active EE

$6,906

$7,789-11.3%

$7,760-11.0%

$4,530+52.4%

Admin fee / account holder

$116

$266-56.3%

$10,767-98.9%

$348-66.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$89,362

COOK STREET CONSULTING9+ years

Service code 27 · EIN 04-2647786

Advisory (Plan)

$31,377

SEYFARTH SHAW LLP9+ years

Service code 29 · EIN 36-2152202

Legal

$10,110

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 60

Sub-TA Fees

SULLIVAN & CROMWELL LLP EMPLOYEES' SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SULLIVAN & CROMWELL LLP EMPLOYEES' SAVINGS 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