Retirement plan

REED SMITH 401(K) PLAN

Name: REED SMITH LLP - REED SMITH 401(K) PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#008Retirement-$65.9M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$781M

-5.9% from 2016

Total participants

3,407

+7.9% from 2016

Average account balance

$259,301

-12.8% from 2016

Annual return

-4.33%

-9.64 pp from 2016

Benchmarks

See 688 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort688 peers

Snapshot2018

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 7 by compensation

Provider	Service type	Compensation
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: ARTHUR J. GALLAGHER & CO. Service code 27 · EIN 36-4291971	Advisory (Plan)	$78,750
CONDUENT HR CONSULTING, LLC1 year Filed as: CONDUENT HR SERVICES, LLC Service code 15 · EIN 04-3609848	Recordkeeping	$78,642
SAGEVIEW ADVISORY GROUP, LLC2 years Filed as: MJM401K Service code 70 · EIN 86-0882983	Consulting Fees	$46,000
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 39-0859910	Accounting	$15,500
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$10,586
MERCER1 year Service code 17 · EIN 13-2834414	Pension Consulting	$6,181
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	-$259,877

Plan features & details

Pension benefit codes2E2G2J2K2R2T

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

-$22K

$-10 / participant

Investment mgmt$11K0.0%

% of EOY assets

-0.003%

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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$259,301

$88,874+191.8%

$123,553+109.9%

$75,289+244.4%

Participation rate

81.9%

75.9%+6.0pp

82.3%-0.4pp

72.4%+9.5pp

Annual return

-4.33%

4.22%-8.6pp

119.21%-123.5pp

-0.04%-4.3pp

Employer contribution / active EE

$9,691

$3,256+197.7%

$4,628+109.4%

$2,405+303.0%

Participant deferral / active EE

$8,423

$6,174+36.4%

$6,426+31.1%

$3,739+125.3%

Admin fee / account holder

-$7

$95-107.7%

$9,284-100.1%

$102-107.2%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: ARTHUR J. GALLAGHER & CO.

Service code 27 · EIN 36-4291971

Advisory (Plan)

$78,750

CONDUENT HR CONSULTING, LLC1 year

Filed as: CONDUENT HR SERVICES, LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$78,642

SAGEVIEW ADVISORY GROUP, LLC2 years

Filed as: MJM401K

Service code 70 · EIN 86-0882983

Consulting Fees

$46,000

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10 · EIN 39-0859910

Accounting

$15,500

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$10,586

MERCER1 year

Service code 17 · EIN 13-2834414

Pension Consulting

$6,181

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

-$259,877

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