Retirement plan

SQUIRE PATTON BOGGS RETIREMENT SAVINGS PLAN

Name: SQUIRE PATTON BOGGS (US) LLP - SQUIRE PATTON BOGGS RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: SQUIRE PATTON BOGGS (US) LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SQUIRE PATTON BOGGS RETIREMENT SAVINGS PLAN, SQUIRE PATTON BOGGS (US) LLP

SQUIRE PATTON BOGGS (US) LLPEIN 34-0648199Plan #005PY 2023

1000 KEY TOWER, 127 PUBLIC SQUARE - CLEVELAND, OH 44114216-479-8500squirepattonboggs.comLinkedIn1001-5000 employeeslaw practice

Prospect flagsLow returnsHigh assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$813.5M

-6.2% from 2016

Total participants

1,814

-4.8% from 2016

Average account balance

$491,550

-2.7% from 2016

Annual return

16.82%

-6.44 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$868.64M

Not enough data

1 years with asset history on file

Average account balance

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

$516K

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.

1,682

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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 6 by compensation

Provider	Service type	Compensation
CIUNI & PANICHI, INC.7 years Filed as: CIUNI AND PANICHI Service code 10 · EIN 34-1322309	Accounting	$36,700
WITHUMSMITH+BROWN, PC2 years Filed as: BROWN ADVISORY, LLC Service code 26 · EIN 26-4560299	Advisory (Participants)	$34,760
WELLS FARGO BANK, N.A.8 years Filed as: LEGACY-WELLS FARGO Service code 16 · EIN 34-1542819	Consulting	$30,000
PARK EDGE ADVISORS2 years Service code 26 · EIN 87-3440073	Advisory (Participants)	$28,956
BRINKER CAPITAL3 years Filed as: BRINKER CAPITAL INVESTMENTS Service code 26 · EIN 32-0070947	Advisory (Participants)	$15,981
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$208,333

Plan features & details

Pension benefit codes2G2T2F3B2E2J2K3D2R

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

-$15K

$-14 / participant

Investment mgmt$110K0.0%

% of EOY assets

-0.002%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CIUNI & PANICHI
Auditor EIN: 341322309
Audit fees: $36,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$491,550

$107,415+357.6%

$135,998+261.4%

$80,187+513.0%

Participation rate

85.6%

78.0%+7.6pp

81.9%+3.7pp

72.9%+12.6pp

Annual return

16.82%

91.99%-75.2pp

68.37%-51.6pp

40.40%-23.6pp

Employer contribution / active EE

$741

$3,878-80.9%

$4,860-84.7%

$2,980-75.1%

Participant deferral / active EE

$13,699

$8,189+67.3%

$7,761+76.5%

$5,016+173.1%

Admin fee / account holder

-$9

$127-107.3%

$10,769-100.1%

$145-106.4%

Provider

Service type

Compensation

CIUNI & PANICHI, INC.7 years

Filed as: CIUNI AND PANICHI

Service code 10 · EIN 34-1322309

Accounting

$36,700

WITHUMSMITH+BROWN, PC2 years

Filed as: BROWN ADVISORY, LLC

Service code 26 · EIN 26-4560299

Advisory (Participants)

$34,760

WELLS FARGO BANK, N.A.8 years

Filed as: LEGACY-WELLS FARGO

Service code 16 · EIN 34-1542819

Consulting

$30,000

PARK EDGE ADVISORS2 years

Service code 26 · EIN 87-3440073

Advisory (Participants)

$28,956

BRINKER CAPITAL3 years

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 26 · EIN 32-0070947

Advisory (Participants)

$15,981

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$208,333

SQUIRE PATTON BOGGS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SQUIRE PATTON BOGGS RETIREMENT SAVINGS 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