Retirement plan

MCCARTER AND ENGLISH RETIREMENT AND SAVINGS PLAN

Name: MCCARTER & ENGLISH, LLP - MCCARTER AND ENGLISH RETIREMENT AND SAVINGS PLAN (2022) Form 5500
Creator: MCCARTER & ENGLISH, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCARTER AND ENGLISH RETIREMENT AND SAVINGS PLAN, MCCARTER & ENGLISH, LLP

MCCARTER & ENGLISH, LLPEIN 22-1534652Plan #004PY 2022

FOUR GATEWAY CENTER, 100 MULBERRY STREET - NEWARK, NJ 07102973-622-4444mccarter.comLinkedIn501-1000 employeeslaw practice

Prospect flagsLow returnsHigh assets / participantFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$346.8M

-6.9% from 2016

Total participants

1,068

+0.5% from 2016

Average account balance

$331,221

-6.8% from 2016

Annual return

-18.78%

-2.82 pp from 2016

Benchmarks

See 3,158 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,158 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$487.85M

Not enough data

1 years with asset history on file

Average account balance

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

$440K

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.

1,108

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+20.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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
STRATEGIC ADVISORS, INC.8+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$37,618
PORTFOLIO EVALUATIONS, INC.8+ years Service code 16 · EIN 22-3189064	Consulting	$23,534
EISNERAMPER LLP8+ years Service code 10 · EIN 87-1363769	Accounting	$23,100
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPTRUST Service code 16 · EIN 26-0058143	Consulting	$11,941
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	-$96,349

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$110K

$155 / participant

Investment mgmt$38K34.2%
Other / not subdivided$72K65.8%

% of EOY assets

0.032%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$331,221

$82,188+303.0%

$125,401+164.1%

$64,829+410.9%

Participation rate

97.0%

77.9%+19.1pp

82.4%+14.6pp

71.5%+25.5pp

Annual return

-18.78%

3.50%-22.3pp

572.53%-591.3pp

32.85%-51.6pp

Employer contribution / active EE

$8,735

$3,617+141.5%

$4,816+81.4%

$2,507+248.4%

Participant deferral / active EE

$13,435

$7,177+87.2%

$7,448+80.4%

$4,312+211.6%

Admin fee / account holder

$105

$163-35.7%

$10,008-99.0%

$188-44.1%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.8+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$37,618

PORTFOLIO EVALUATIONS, INC.8+ years

Service code 16 · EIN 22-3189064

Consulting

$23,534

EISNERAMPER LLP8+ years

Service code 10 · EIN 87-1363769

Accounting

$23,100

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPTRUST

Service code 16 · EIN 26-0058143

Consulting

$11,941

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$96,349

MCCARTER AND ENGLISH RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCARTER AND ENGLISH RETIREMENT AND 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