Retirement plan

MORGAN, LEWIS & BOCKIUS LLP DEFINED CONTRIBUTION PLAN

Name: MORGAN, LEWIS & BOCKIUS LLP LISA SOLLEY - MORGAN, LEWIS & BOCKIUS LLP DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: MORGAN, LEWIS & BOCKIUS LLP LISA SOLLEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORGAN, LEWIS & BOCKIUS LLP DEFINED CONTRIBUTION PLAN, MORGAN, LEWIS & BOCKIUS LLP LISA SOLLEY

MORGAN, LEWIS & BOCKIUS LLP LISA SOLLEYEIN 23-0891050Plan #009PY 2023

1701 MARKET STREET - PHILADELPHIA, PA 191032903215-963-4791morganlewis.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

3 filings

#005Retirement-$1.07B assets #014Retirement-$423.8M assets #002Retirement-$42.0M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$557.6M

-13.8% from 2017

Total participants

3,203

-3.7% from 2017

Average account balance

$187,066

-13.2% from 2017

Annual return

14.79%

-3.92 pp from 2017

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$714.03M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

3,051

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.

91.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+24.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.8+ years Service code 15 · EIN 23-1945930	Recordkeeping	$1,250

Plan features & details

Pension benefit codes2E2F2G2K2R2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$1 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.000%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,066

$107,415+74.2%

$135,998+37.6%

$80,187+133.3%

Participation rate

91.0%

78.0%+12.9pp

81.9%+9.0pp

72.9%+18.0pp

Annual return

14.79%

91.99%-77.2pp

68.37%-53.6pp

40.40%-25.6pp

Employer contribution / active EE

$17,644

$3,878+355.0%

$4,860+263.1%

$2,980+492.2%

Participant deferral / active EE

$8,189-100.0%

$7,761-100.0%

$5,016-100.0%

Admin fee / account holder

$127-99.7%

$10,769-100.0%

$145-99.7%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.8+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$1,250

MORGAN, LEWIS & BOCKIUS LLP DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORGAN, LEWIS & BOCKIUS LLP DEFINED CONTRIBUTION 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