Retirement plan

REED SMITH 401(K) PLAN

Name: REED SMITH LLP - REED SMITH 401(K) PLAN (2016) 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 2016

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

Other plans on this EIN

2 filings

#007Retirement-$108.1M assets #008Retirement-$40.5M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$762.9M

-5.9% from 2016

Total participants

2,979

+7.9% from 2016

Average account balance

$256,076

-12.8% from 2016

Annual return

9.58%

-9.64 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort664 peers

Snapshot2016

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 year Filed as: XEROX HR SOLUTIONS LLC Service code 15 · EIN 04-3609848	Recordkeeping	$426,182
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 16 · EIN 36-4291971	Consulting	$63,000
BUCK GLOBAL, LLC2+ years Filed as: BUCK CONSULTANTS Service code 17 · EIN 13-3954297	Pension Consulting	$28,873
LOVE, SCHERLE & BAUER, P.C.1 year Filed as: LOVE SCHERLE & BAUER PC Service code 10 · EIN 25-1777567	Accounting	$24,810

Plan features & details

Pension benefit codes2E2J2G2R

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

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$561K

$310 / participant

Investment mgmt$63K11.2%
Other / not subdivided$498K88.8%

% of EOY assets

0.074%

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

$256,076

$85,635+199.0%

$123,894+106.7%

$63,975+300.3%

Participation rate

100.0%

74.9%+25.1pp

81.4%+18.6pp

71.1%+28.9pp

Annual return

9.58%

15.74%-6.2pp

47.52%-37.9pp

48.65%-39.1pp

Employer contribution / active EE

$11,973

$3,076+289.2%

$4,617+159.3%

$2,182+448.8%

Participant deferral / active EE

$9,429

$5,667+66.4%

$5,984+57.6%

$3,356+180.9%

Admin fee / account holder

$188

$75+151.3%

$8,357-97.7%

$70+167.3%

Provider

Service type

Compensation

XEROX CORPORATION1 year

Filed as: XEROX HR SOLUTIONS LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$426,182

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER FIDUCIARY ADVISORS LLC

Service code 16 · EIN 36-4291971

Consulting

$63,000

BUCK GLOBAL, LLC2+ years

Filed as: BUCK CONSULTANTS

Service code 17 · EIN 13-3954297

Pension Consulting

$28,873

LOVE, SCHERLE & BAUER, P.C.1 year

Filed as: LOVE SCHERLE & BAUER PC

Service code 10 · EIN 25-1777567

Accounting

$24,810

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