Retirement plan

ICE MILLER RETIREMENT PLAN

Name: ICE MILLER LLP - ICE MILLER RETIREMENT PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#004Retirement-$11.9M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$348.8M

-12.0% from 2016

Total participants

657

-11.9% from 2016

Average account balance

$549,326

-1.6% from 2016

Annual return

15.13%

-9.10 pp from 2016

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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 10 of 12 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$67,654
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INC Service code 28 · EIN 36-3429599	Investment Management	$56,224
DEERFIELD FINANCIAL ADVISORS I2 years Filed as: DEERFIELD FINANCIAL ADVISORS Service code 26 · EIN 35-1648416	Advisory (Participants)	$17,049
LMCG INVESTMENTS LLC2 years Service code 26 · EIN 27-0282607	Advisory (Participants)	$16,636
KATZ, SAPPER & MILLER1 year Filed as: KSM SERVICES INC Service code 28 · EIN 35-2123203	Investment Management	$13,500
MORNINGSTAR1 year Filed as: MORNINGSTAR INC Service code 28 · EIN 36-3297908	Investment Management	$10,481
FRAZIER FINANCIAL ADVISORS LLC2 years Service code 26 · EIN 30-0856485	Advisory (Participants)	$7,830
SUMMIT FINANCIAL MANAGEMENT LLC2 years Service code 26 · EIN 81-3807122	Advisory (Participants)	$5,969
THE JOSEPH GROUP LLC1 year Service code 26 · EIN 36-4729550	Advisory (Participants)	$5,575
WOODLEY FARRA MANION PORTFOLIO1 year Service code 26 · EIN 35-1964649	Advisory (Participants)	$5,142

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S3B

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$213K

$423 / participant

Investment mgmt$146K68.3%
Other / not subdivided$68K31.7%

% of EOY assets

0.061%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$549,326

$104,336+426.5%

$159,495+244.4%

$86,828+532.7%

Participation rate

95.6%

77.7%+17.9pp

82.8%+12.8pp

72.3%+23.4pp

Annual return

15.13%

26.32%-11.2pp

263.72%-248.6pp

97.95%-82.8pp

Employer contribution / active EE

$16,237

$3,451+370.5%

$4,831+236.1%

$2,406+574.8%

Participant deferral / active EE

$12,790

$6,837+87.1%

$7,354+73.9%

$4,132+209.5%

Admin fee / account holder

$336

$172+95.2%

$10,804-96.9%

$170+98.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$67,654

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INC

Service code 28 · EIN 36-3429599

Investment Management

$56,224

DEERFIELD FINANCIAL ADVISORS I2 years

Filed as: DEERFIELD FINANCIAL ADVISORS

Service code 26 · EIN 35-1648416

Advisory (Participants)

$17,049

LMCG INVESTMENTS LLC2 years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$16,636

KATZ, SAPPER & MILLER1 year

Filed as: KSM SERVICES INC

Service code 28 · EIN 35-2123203

Investment Management

$13,500

MORNINGSTAR1 year

Filed as: MORNINGSTAR INC

Service code 28 · EIN 36-3297908

Investment Management

$10,481

FRAZIER FINANCIAL ADVISORS LLC2 years

Service code 26 · EIN 30-0856485

Advisory (Participants)

$7,830

SUMMIT FINANCIAL MANAGEMENT LLC2 years

Service code 26 · EIN 81-3807122

Advisory (Participants)

$5,969

THE JOSEPH GROUP LLC1 year

Service code 26 · EIN 36-4729550

Advisory (Participants)

$5,575

WOODLEY FARRA MANION PORTFOLIO1 year

Service code 26 · EIN 35-1964649

Advisory (Participants)

$5,142

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