Retirement plan

NIXON PEABODY LLP RETIREMENT SAVINGS PLAN FOR ASSOCIATE ATTORNEYS

Name: NIXON PEABODY LLP - NIXON PEABODY LLP RETIREMENT SAVINGS PLAN FOR ASSOCIATE ATTORNEYS (2022) Form 5500
Creator: NIXON PEABODY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NIXON PEABODY LLP RETIREMENT SAVINGS PLAN FOR ASSOCIATE ATTORNEYS, NIXON PEABODY LLP

NIXON PEABODY LLPEIN 16-0764720Plan #021PY 2022

1100 CLINTON SQUARE - ROCHESTER, NY 146041792585-263-1000

Other plans on this EIN

4 filings

#023Retirement-$537.0M assets #025Retirement-$163.3M assets #026Retirement-$40.0M assets #027Retirement-$40.0M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$74M

-7.3% from 2016

Total participants

463

+3.2% from 2016

Average account balance

$164,085

-9.4% from 2016

Annual return

-18.99%

-5.95 pp from 2016

Benchmarks

See 5,985 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,985 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$101.06M

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

502

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$192

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$28,978
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$25,959
BRINKER CAPITAL2 years Filed as: BRINKER CAPITAL INVESTMENTS Service code 16 · EIN 32-0070947	Consulting	$12,248
BONADIO & CO., LLP5 years Filed as: BONADIO & CO LLP Service code 10 · EIN 16-1131146	Accounting	$11,900
FIDUCIENT ADVISORS LLC2 years Service code 27 · EIN 36-4001764	Advisory (Plan)	$6,612

Plan features & details

Pension benefit codes2F2G2J2K2T3H2R

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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 returns
Annual investment return 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

$86K

$564 / participant

Investment mgmt$26K30.3%
Other / not subdivided$60K69.7%

% of EOY assets

0.116%

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: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$164,085

$84,507+94.2%

$125,401+30.8%

$66,954+145.1%

Participation rate

92.1%

76.4%+15.7pp

82.4%+9.7pp

69.8%+22.3pp

Annual return

-18.99%

-8.51%-10.5pp

572.53%-591.5pp

1.57%-20.6pp

Employer contribution / active EE

$4,818

$3,554+35.6%

$4,8160%

$2,545+89.3%

Participant deferral / active EE

$30,026

$6,785+342.5%

$7,448+303.1%

$4,239+608.3%

Admin fee / account holder

$190

$685-72.3%

$10,008-98.1%

$594-68.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$28,978

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$25,959

BRINKER CAPITAL2 years

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 16 · EIN 32-0070947

Consulting

$12,248

BONADIO & CO., LLP5 years

Filed as: BONADIO & CO LLP

Service code 10 · EIN 16-1131146

Accounting

$11,900

FIDUCIENT ADVISORS LLC2 years

Service code 27 · EIN 36-4001764

Advisory (Plan)

$6,612

NIXON PEABODY LLP RETIREMENT SAVINGS PLAN FOR ASSOCIATE ATTORNEYS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NIXON PEABODY LLP RETIREMENT SAVINGS PLAN FOR ASSOCIATE ATTORNEYS

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