Retirement plan

CLIFFORD CHANCE US LLP ASSOCIATES TAX-DEFERRED SAVINGS PLAN

Name: CLIFFORD CHANCE US LLP - CLIFFORD CHANCE US LLP ASSOCIATES TAX-DEFERRED SAVINGS PLAN (2021) Form 5500
Creator: CLIFFORD CHANCE US LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIFFORD CHANCE US LLP ASSOCIATES TAX-DEFERRED SAVINGS PLAN, CLIFFORD CHANCE US LLP

CLIFFORD CHANCE US LLPEIN 13-5553664Plan #004PY 2021

31 WEST 52ND STREET - NEW YORK, NY 100196118212-878-8446

Other plans on this EIN

5 filings

#003Retirement-$191.1M assets #007Retirement-$73.0M assets #006Retirement-$25.9M assets #005Retirement-$25.9M assets #001Retirement-$1.5M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$58.3M

-6.6% from 2016

Total participants

438

-1.8% from 2016

Average account balance

$162,372

-4.3% from 2016

Annual return

17.35%

-8.09 pp from 2016

Benchmarks

See 5,713 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,713 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$78.25M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

428

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.

68.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+20.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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
MERRILL LYNCH PIERCE FENNER & SMITH7+ years Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH Service code 15 · EIN 13-5674085	Recordkeeping	$24,242
TROUTMAN SANDERS LLP1 year Filed as: TROUTMAN PEPPER HAMILTON SANDERS LL Service code 29 · EIN 58-0946915	Legal	$7,618
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INV INST OP CO LLC Service code 37 · EIN 04-2647786	Loan Processing	$6,810
AMERICAN FUNDS1 year Filed as: CAPITAL STRATEGIES INV GROUP LLC Service code 27 · EIN 26-4789150	Advisory (Plan)	$5,646

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$44K

$185 / participant

Investment mgmt$6K12.7%
Contract admin$31K70.1%
Other / not subdivided$8K17.2%

% of EOY assets

0.076%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,372

$104,509+55.4%

$159,495+1.8%

$79,395+104.5%

Participation rate

67.1%

76.6%-9.5pp

82.8%-15.7pp

70.7%-3.6pp

Annual return

17.35%

67.99%-50.6pp

263.72%-246.4pp

116.90%-99.6pp

Employer contribution / active EE

$3,417-100.0%

$4,831-100.0%

$2,428-100.0%

Participant deferral / active EE

$12,697

$6,467+96.3%

$7,354+72.7%

$4,046+213.8%

Admin fee / account holder

$123

$711-82.6%

$10,804-98.9%

$626-80.3%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH7+ years

Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH

Service code 15 · EIN 13-5674085

Recordkeeping

$24,242

TROUTMAN SANDERS LLP1 year

Filed as: TROUTMAN PEPPER HAMILTON SANDERS LL

Service code 29 · EIN 58-0946915

Legal

$7,618

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INV INST OP CO LLC

Service code 37 · EIN 04-2647786

Loan Processing

$6,810

AMERICAN FUNDS1 year

Filed as: CAPITAL STRATEGIES INV GROUP LLC

Service code 27 · EIN 26-4789150

Advisory (Plan)

$5,646

CLIFFORD CHANCE US LLP ASSOCIATES TAX-DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIFFORD CHANCE US LLP ASSOCIATES TAX-DEFERRED 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