Retirement plan

WILLKIE FARR & GALLAGHER LLP 401(K) PLAN

Name: WILLKIE FARR & GALLAGHER LLP - WILLKIE FARR & GALLAGHER LLP 401(K) PLAN (2017) Form 5500
Creator: WILLKIE FARR & GALLAGHER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLKIE FARR & GALLAGHER LLP 401(K) PLAN, WILLKIE FARR & GALLAGHER LLP

WILLKIE FARR & GALLAGHER LLPEIN 13-5536844Plan #069PY 2017

787 SEVENTH AVENUE - NEW YORK, NY 100196099212-728-8000willkie.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$186.5M assets #078Retirement-$29.3M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$295.2M

-24.0% from 2016

Total participants

1,623

-5.2% from 2016

Average account balance

$197,976

-19.9% from 2016

Annual return

18.62%

-30.27 pp from 2016

Benchmarks

See 662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort662 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$852.70M

Not enough data

1 years with asset history on file

Average account balance

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

$340K

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.

2,508

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+16.36%

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 1 by compensation

Provider	Service type	Compensation
PRICEWATERHOUSECOOPERS LLP2 years Filed as: PRICEWATERHOUSECOOPERS Service code 10 · EIN 13-5326270	Accounting	$35,000

Plan features & details

Pension benefit codes2E2F2J2R2S2T3B3F3H

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).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$5 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.002%

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: PRICEWATERHOUSECOOPERS
Auditor EIN: 135326270
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,976

$96,458+105.2%

$136,298+45.3%

$77,958+154.0%

Participation rate

87.4%

75.4%+12.0pp

81.9%+5.5pp

71.6%+15.7pp

Annual return

18.62%

23.78%-5.2pp

5156.27%-5137.6pp

20.87%-2.2pp

Employer contribution / active EE

$3,144-100.0%

$4,696-100.0%

$2,310-100.0%

Participant deferral / active EE

$11,581

$5,902+96.2%

$6,247+85.4%

$3,537+227.5%

Admin fee / account holder

$80-96.0%

$9,244-100.0%

$97-96.7%

Provider

Service type

Compensation

PRICEWATERHOUSECOOPERS LLP2 years

Filed as: PRICEWATERHOUSECOOPERS

Service code 10 · EIN 13-5326270

Accounting

$35,000

WILLKIE FARR & GALLAGHER LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLKIE FARR & GALLAGHER LLP 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