Retirement plan

TUCKER ELLIS LLP COUNSEL & ASSOCIATES RETIREMENT PLAN

Name: TUCKER ELLIS LLP - TUCKER ELLIS LLP COUNSEL & ASSOCIATES RETIREMENT PLAN (2023) Form 5500
Creator: TUCKER ELLIS LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TUCKER ELLIS LLP COUNSEL & ASSOCIATES RETIREMENT PLAN, TUCKER ELLIS LLP

TUCKER ELLIS LLPEIN 20-0073899Plan #002PY 2023

950 MAIN AVENUE, SUITE 1100 - CLEVELAND, OH 441137213216-696-3738tuckerellis.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$118.4M assets #003Retirement-$137K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.1M

+24.7% from 2022

Total participants

181

+1.7% from 2022

Average account balance

$136,211

+24.0% from 2022

Annual return

17.90%

+37.10 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.67M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

196

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

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

+47.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$22,605
ANCORA ADVISORS5 years Filed as: ANCORA FAMILY WEALTH ADVISORS Service code 26 · EIN 41-2071875	Advisory (Participants)	$16,228
CBIZ RETIREMENT PLAN SERVICES4 years Filed as: CBIZ INVESTMENT ADVISORY SERVI Service code 28 · EIN 81-3968784	Investment Management	$14,455
CHARLES SCHWAB & CO., INC.8+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Direct pa...	$16
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO. INC. & AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2F2G2J2R2S2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$53K

$428 / participant

Recordkeeping$17K31.3%
Investment mgmt$37K68.7%

% of EOY assets

0.222%

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: ZINNER & CO. LLP
Auditor EIN: 341663731
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,211

$91,474+48.9%

$135,982+0.2%

$71,529+90.4%

Participation rate

96.8%

75.7%+21.1pp

81.9%+14.9pp

67.9%+28.9pp

Annual return

17.90%

29.89%-12.0pp

68.32%-50.4pp

28.97%-11.1pp

Employer contribution / active EE

$3,705-100.0%

$4,859-100.0%

$2,590-100.0%

Participant deferral / active EE

$16,622

$7,095+134.3%

$7,760+114.2%

$4,291+287.3%

Admin fee / account holder

$302

$1,267-76.2%

$10,767-97.2%

$1,588-81.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$22,605

ANCORA ADVISORS5 years

Filed as: ANCORA FAMILY WEALTH ADVISORS

Service code 26 · EIN 41-2071875

Advisory (Participants)

$16,228

CBIZ RETIREMENT PLAN SERVICES4 years

Filed as: CBIZ INVESTMENT ADVISORY SERVI

Service code 28 · EIN 81-3968784

Investment Management

$14,455

CHARLES SCHWAB & CO., INC.8+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Direct pa...

$16

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO. INC. & AFFIL

Service code 59

Shareholder Servicing

TUCKER ELLIS LLP COUNSEL & ASSOCIATES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TUCKER ELLIS LLP COUNSEL & ASSOCIATES RETIREMENT 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