Retirement plan

REED SMITH 401(K) PLAN

Name: REED SMITH LLP - REED SMITH 401(K) PLAN (2015) Form 5500
Creator: REED SMITH LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REED SMITH 401(K) PLAN, REED SMITH LLP

REED SMITH LLPEIN 25-0749630Plan #001PY 2015

20 STANWIX ST STE 1200 - PITTSBURGH, PA 152224803412-288-3217reedsmith.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

1 filing

#007Retirement-$146.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$717.6M

-5.9% from 2016

Total participants

3,214

+7.9% from 2016

Average account balance

$223,273

-12.8% from 2016

Annual return

-0.06%

-9.64 pp from 2016

Benchmarks

See 568 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort568 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19B

Not enough data

1 years with asset history on file

Average account balance

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

$367K

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.

3,236

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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
XEROX CORPORATION1+ years Filed as: XEROX HR SOLUTIONS, LLC Service code 15 · EIN 04-3609848	Recordkeeping	$367,142
GALLAGHER FIDUCIARY ADVISORS, LLC1+ years Service code 16 · EIN 36-4291971	Consulting	$63,000
BUCK GLOBAL, LLC1+ years Filed as: BUCK CONSULTANTS Service code 17 · EIN 13-3954297	Pension Consulting	$43,361
LOVE, SCHERLE & BAUER, P.C.1+ years Service code 10 · EIN 25-1777567	Accounting	$23,835

Plan features & details

Pension benefit codes2E2J2G

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$515K

$258 / participant

Investment mgmt$63K12.2%
Other / not subdivided$452K87.8%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LOVE, SCHERLE & BAUER, P.C.
Auditor EIN: 251777567
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,273

$86,791+157.3%

$115,038+94.1%

$59,188+277.2%

Participation rate

100.0%

72.8%+27.2pp

81.4%+18.6pp

69.4%+30.6pp

Annual return

-0.06%

4.44%-4.5pp

26.14%-26.2pp

5.51%-5.6pp

Employer contribution / active EE

$11,684

$2,950+296.1%

$4,608+153.6%

$2,098+456.9%

Participant deferral / active EE

$8,981

$5,298+69.5%

$6,026+49.0%

$3,265+175.1%

Admin fee / account holder

$160

$95+68.7%

$8,175-98.0%

$92+73.7%

Provider

Service type

Compensation

XEROX CORPORATION1+ years

Filed as: XEROX HR SOLUTIONS, LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$367,142

GALLAGHER FIDUCIARY ADVISORS, LLC1+ years

Service code 16 · EIN 36-4291971

Consulting

$63,000

BUCK GLOBAL, LLC1+ years

Filed as: BUCK CONSULTANTS

Service code 17 · EIN 13-3954297

Pension Consulting

$43,361

LOVE, SCHERLE & BAUER, P.C.1+ years

Service code 10 · EIN 25-1777567

Accounting

$23,835

REED SMITH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REED SMITH 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