Retirement plan

ICE MILLER RETIREMENT PLAN

Name: ICE MILLER LLP - ICE MILLER RETIREMENT PLAN (2016) Form 5500
Creator: ICE MILLER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ICE MILLER RETIREMENT PLAN, ICE MILLER LLP

ICE MILLER LLPEIN 35-0874357Plan #003PY 2016

ONE AMERICAN SQUARE, SUITE 2900 - INDIANAPOLIS, IN 462820200317-236-2392icemiller.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$3.8M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$243.9M

-12.0% from 2016

Total participants

598

-11.9% from 2016

Average account balance

$414,148

-1.6% from 2016

Annual return

10.13%

-9.10 pp from 2016

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$370.60M

Not enough data

1 years with asset history on file

Average account balance

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

$413K

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.

898

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$352

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
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Recordk...	$195,937
MESIROW FINANCIAL INVESTMENT MANAGE2+ years Filed as: MESIROW FINANCIAL Service code 27 · EIN 35-0874357	Advisory (Plan)	$42,500
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES2+ years Service code 33	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$242K

$542 / participant

Investment mgmt$43K17.5%
Contract admin$196K80.9%
Other / not subdivided$4K1.6%

% of EOY assets

0.099%

all-in expense ratio

Categories reported

2 / 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: KATZ, SAPPER & MILLER LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$414,148

$80,177+416.5%

$123,894+234.3%

$57,661+618.2%

Participation rate

98.0%

74.4%+23.5pp

81.4%+16.6pp

70.2%+27.8pp

Annual return

10.13%

17.90%-7.8pp

47.52%-37.4pp

5.13%+5.0pp

Employer contribution / active EE

$16,504

$2,913+466.6%

$4,617+257.5%

$1,974+736.2%

Participant deferral / active EE

$11,063

$5,130+115.6%

$5,984+84.9%

$3,061+261.5%

Admin fee / account holder

$411

$106+286.9%

$8,357-95.1%

$95+335.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Recordk...

$195,937

MESIROW FINANCIAL INVESTMENT MANAGE2+ years

Filed as: MESIROW FINANCIAL

Service code 27 · EIN 35-0874357

Advisory (Plan)

$42,500

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES2+ years

Service code 33

Securities brokerage commissions and ...

ICE MILLER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ICE MILLER RETIREMENT 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