Retirement plan

BLANK ROME PROFIT-SHARING PLAN

Name: BLANK ROME LLP - BLANK ROME PROFIT-SHARING PLAN (2023) Form 5500
Creator: BLANK ROME LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLANK ROME PROFIT-SHARING PLAN, BLANK ROME LLP

BLANK ROME LLPEIN 23-1311874Plan #001PY 2023

130 N 18TH STREET, ONE LOGAN SQUARE - PHILADELPHIA, PA 191032757212-885-5085blankrome.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$101.8M assets

Prospect flagsHigh retiree %Low returnsHigh assets / participant

Top hat statement on fileNQDC

Filed September 20, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$487.7M

-8.7% from 2016

Total participants

1,094

-12.9% from 2016

Average account balance

$487,183

-2.3% from 2016

Annual return

9.15%

-4.35 pp from 2016

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$540.55M

Not enough data

1 years with asset history on file

Average account balance

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

$514K

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.

1,052

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.1 year Filed as: STRATEGIC ADVISORS Service code 27 · EIN 04-2654524	Advisory (Plan)	$63,448
AMERICAN FUNDS1 year Filed as: MATRIX, PRIVATE CAPITAL GROUP Service code 16 · EIN 38-4016001	Consulting	$35,682
FORVIS, LLP8 years Filed as: MAZARS USA LLP Service code 10 · EIN 13-1459550	Accounting	$29,016
COPELAND CAPITAL MANAGEMENT, LLC2 years Service code 16 · EIN 20-3145515	Consulting	$20,651
MERCER3 years Filed as: MERCER (US) INC. Service code 16 · EIN 13-2834414	Consulting	$17,500
TRAYNOR CAPITAL MANAGEMENT8 years Service code 16 · EIN 26-2115437	Consulting	$17,072
FISHER INVESTMENTS6 years Service code 16 · EIN 20-2480800	Consulting	$9,644
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS INST. OPER. CO Service code 37 · EIN 04-2647786	Loan Processing	-$209,211

Plan features & details

Pension benefit codes2E2F2G2J2R3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

-$775

$-1 / participant

Investment mgmt$63K0.0%
Contract admin$116K0.0%

% of EOY assets

-0.000%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $29,106
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$487,183

$95,438+410.5%

$135,998+258.2%

$74,478+554.1%

Participation rate

87.4%

78.2%+9.2pp

81.9%+5.5pp

70.7%+16.7pp

Annual return

9.15%

32.61%-23.5pp

68.37%-59.2pp

34.37%-25.2pp

Employer contribution / active EE

$27,868

$3,878+618.6%

$4,860+473.5%

$2,637+956.9%

Participant deferral / active EE

$6,175

$7,790-20.7%

$7,761-20.4%

$4,530+36.3%

Admin fee / account holder

-$1

$259-100.3%

$10,769-100.0%

$347-100.2%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.1 year

Filed as: STRATEGIC ADVISORS

Service code 27 · EIN 04-2654524

Advisory (Plan)

$63,448

AMERICAN FUNDS1 year

Filed as: MATRIX, PRIVATE CAPITAL GROUP

Service code 16 · EIN 38-4016001

Consulting

$35,682

FORVIS, LLP8 years

Filed as: MAZARS USA LLP

Service code 10 · EIN 13-1459550

Accounting

$29,016

COPELAND CAPITAL MANAGEMENT, LLC2 years

Service code 16 · EIN 20-3145515

Consulting

$20,651

MERCER3 years

Filed as: MERCER (US) INC.

Service code 16 · EIN 13-2834414

Consulting

$17,500

TRAYNOR CAPITAL MANAGEMENT8 years

Service code 16 · EIN 26-2115437

Consulting

$17,072

FISHER INVESTMENTS6 years

Service code 16 · EIN 20-2480800

Consulting

$9,644

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS INST. OPER. CO

Service code 37 · EIN 04-2647786

Loan Processing

-$209,211

BLANK ROME PROFIT-SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLANK ROME PROFIT-SHARING PLAN

Top hat statement on fileNQDC

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