Retirement plan

FISHER INVESTMENTS 401(K) PLAN

Name: FISHER ASSET MANAGEMENT, LLC DBA FISHER INVESTMENTS - FISHER INVESTMENTS 401(K) PLAN (2023) Form 5500
Creator: FISHER ASSET MANAGEMENT, LLC DBA FISHER INVESTMENTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FISHER INVESTMENTS 401(K) PLAN, FISHER ASSET MANAGEMENT, LLC DBA FISHER INVESTMENTS

FISHER ASSET MANAGEMENT, LLC DBA FISHER INVESTMENTSEIN 20-2480800Plan #001PY 2023

6500 INTERNATIONAL PARKWAY - PLANO, TX 75093800-851-8845

Prospect flagsLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$954M

-15.5% from 2016

Total participants

4,857

-6.3% from 2016

Average account balance

$213,960

-10.9% from 2016

Annual return

34.38%

-11.14 pp from 2016

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.24B

Not enough data

1 years with asset history on file

Average account balance

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

$245K

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.

5,076

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$109.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+22.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$50,891
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO.,INC. Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$6,707
KING WEALTH ADVISORS LLC3 years Service code 26 · EIN 47-5060356	Advisory (Participants)	$5,703
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2G2J2K2R2T3D

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.
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.
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

3 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$51K

$12 / participant

Recordkeeping$33K64.5%
Investment mgmt$18K35.5%

% of EOY assets

0.005%

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: HOOD & STRONG, LLP
Auditor EIN: 941254756
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$213,960

$112,711+89.8%

$170,055+25.8%

$80,187+166.8%

Participation rate

90.3%

87.4%+3.0pp

87.0%+3.3pp

72.9%+17.4pp

Annual return

34.38%

67.06%-32.7pp

53.43%-19.0pp

40.40%-6.0pp

Employer contribution / active EE

$6,701

$4,488+49.3%

$6,790-1.3%

$2,980+124.9%

Participant deferral / active EE

$16,081

$7,861+104.6%

$10,410+54.5%

$5,016+220.6%

Admin fee / account holder

$11

$99-88.5%

$12,828-99.9%

$145-92.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$50,891

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$6,707

KING WEALTH ADVISORS LLC3 years

Service code 26 · EIN 47-5060356

Advisory (Participants)

$5,703

CHARLES SCHWAB & CO., INC.1 year

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

Service code 59

Shareholder Servicing

FISHER INVESTMENTS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISHER INVESTMENTS 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