Retirement plan

K&L GATES 401(K) PLAN ALPHA

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

K&L GATES LLPEIN 25-0921018Plan #002PY 2015

210 SIXTH AVENUE - PITTSBURGH, PA 15222412-355-6500klgates.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

3 filings

#003Retirement-$264.4M assets #008Retirement-$11.3M assets #007Retirement-$11.3M assets

Prospect flagsLow returnsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$614.4M

-1.3% from 2016

Total participants

2,421

+4.9% from 2016

Average account balance

$264,255

-4.8% from 2016

Annual return

-1.94%

-10.59 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

$969.69M

Not enough data

1 years with asset history on file

Average account balance

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

$460K

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.

2,109

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+18.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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 10 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$191,831
DIMEO SCHNEIDER & ASSOCIATES LLC1+ years Filed as: DIMEO SCHNEIDER Service code 16 · EIN 36-4001764	Consulting	$81,581
SHEPHERD KAPLAN LLC1+ years Filed as: SHEPHERD KAPLAN Service code 16 · EIN 83-0368447	Consulting	$78,332
JP MORGAN INVESTMENT MANAGEMENT INC1+ years Filed as: GENEVA INVESTMENT MANAGEMENT Service code 26 · EIN 04-3689735	Advisory (Participants)	$55,528
B & L ASSET MANAGEMENT1+ years Service code 26 · EIN 06-1666160	Advisory (Participants)	$31,793
OCTOBER THREE CONSULTING LLC1+ years Filed as: OCTOBER THREE CONSULTING, LLC Service code 11 · EIN 27-1175487	Actuarial	$29,060
SCHNEIDER DOWNS & CO., INC.1+ years Service code 10 · EIN 25-1408703 ONE PPG PLACE. SUITE 1700 · PITTSBURGH, PA 152225416	Accounting	$20,712
HENRY H. ARMSTRONG1+ years Service code 26 · EIN 25-1440756	Advisory (Participants)	$14,967
ITS ASSET MANAGEMENT1+ years Service code 26 · EIN 25-1775394	Advisory (Participants)	$10,605
CLS INVESTMENTS1+ years Service code 26 · EIN 13-4109249	Advisory (Participants)	$10,231

Plan features & details

Pension benefit codes2A2E2F2G2J2R3B3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$445K

$304 / participant

Investment mgmt$207K46.5%
Other / not subdivided$238K53.5%

% 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: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$264,255

$86,791+204.5%

$115,038+129.7%

$59,188+346.5%

Participation rate

93.4%

72.8%+20.6pp

81.4%+12.1pp

69.4%+24.0pp

Annual return

-1.94%

4.44%-6.4pp

26.14%-28.1pp

5.51%-7.5pp

Employer contribution / active EE

$5,107

$2,950+73.1%

$4,608+10.8%

$2,098+143.4%

Participant deferral / active EE

$10,519

$5,298+98.5%

$6,026+74.5%

$3,265+222.2%

Admin fee / account holder

$191

$95+101.6%

$8,175-97.7%

$92+107.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$191,831

DIMEO SCHNEIDER & ASSOCIATES LLC1+ years

Filed as: DIMEO SCHNEIDER

Service code 16 · EIN 36-4001764

Consulting

$81,581

SHEPHERD KAPLAN LLC1+ years

Filed as: SHEPHERD KAPLAN

Service code 16 · EIN 83-0368447

Consulting

$78,332

JP MORGAN INVESTMENT MANAGEMENT INC1+ years

Filed as: GENEVA INVESTMENT MANAGEMENT

Service code 26 · EIN 04-3689735

Advisory (Participants)

$55,528

B & L ASSET MANAGEMENT1+ years

Service code 26 · EIN 06-1666160

Advisory (Participants)

$31,793

OCTOBER THREE CONSULTING LLC1+ years

Filed as: OCTOBER THREE CONSULTING, LLC

Service code 11 · EIN 27-1175487

Actuarial

$29,060

SCHNEIDER DOWNS & CO., INC.1+ years

Service code 10 · EIN 25-1408703

ONE PPG PLACE. SUITE 1700 · PITTSBURGH, PA 152225416

Accounting

$20,712

HENRY H. ARMSTRONG1+ years

Service code 26 · EIN 25-1440756

Advisory (Participants)

$14,967

ITS ASSET MANAGEMENT1+ years

Service code 26 · EIN 25-1775394

Advisory (Participants)

$10,605

CLS INVESTMENTS1+ years

Service code 26 · EIN 13-4109249

Advisory (Participants)

$10,231

K&L GATES 401(K) PLAN ALPHA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

K&L GATES 401(K) PLAN ALPHA

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