Retirement plan

ICE MILLER RETIREMENT PLAN

Name: ICE MILLER LLP - ICE MILLER RETIREMENT PLAN (2024) 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 2024

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

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$370.6M

+8.3% from 2023

Total participants

916

-0.4% from 2023

Average account balance

$412,699

+8.1% from 2023

Annual return

14.72%

-2.02 pp from 2023

Benchmarks

See 3,302 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,302 peers

Snapshot2024

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 18 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$71,627
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING HOLDCO LLC Service code 28 · EIN 84-4519624	Investment Management	$55,788
FISHER INVESTMENTS2 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$32,228
DEERFIELD FINANCIAL ADVISORS I3 years Service code 26 · EIN 35-1648416	Advisory (Participants)	$19,878
LMCG INVESTMENTS LLC5 years Service code 26 · EIN 27-0282607	Advisory (Participants)	$18,159
KATZ, SAPPER & MILLER3 years Filed as: KATZ SAPPER AND MILLER LLP Service code 10 · EIN 35-1090346	Accounting	$16,800
SUMMIT FINANCIAL MANAGEMENT LLC2 years Filed as: SUMMIT FINANCIAL MANAGEMENT LL Service code 26 · EIN 81-3807122	Advisory (Participants)	$14,651
FRAZIER FINANCIAL ADVISORS LLC5 years Service code 26 · EIN 30-0856485	Advisory (Participants)	$11,834
CREATIVE PLANNING LLC1 year Service code 26 · EIN 43-1270780	Advisory (Participants)	$11,328
THE JOSEPH GROUP LLC4 years Service code 26 · EIN 36-4729550	Advisory (Participants)	$11,012

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

$316K

$502 / participant

Recordkeeping$67K21.1%
Investment mgmt$233K73.6%
Other / not subdivided$17K5.3%

% of EOY assets

0.085%

all-in expense ratio

Categories reported

2 / 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: $16,800
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$412,699

$106,247+288.4%

$147,096+180.6%

$77,714+431.0%

Participation rate

97.1%

78.4%+18.8pp

82.2%+15.0pp

70.6%+26.6pp

Annual return

14.72%

56.87%-42.1pp

419.75%-405.0pp

31.26%-16.5pp

Employer contribution / active EE

$14,105

$4,069+246.6%

$4,936+185.8%

$2,727+417.3%

Participant deferral / active EE

$16,048

$7,996+100.7%

$8,071+98.8%

$4,649+245.2%

Admin fee / account holder

$352

$338+4.0%

$13,005-97.3%

$433-18.8%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$71,627

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING HOLDCO LLC

Service code 28 · EIN 84-4519624

Investment Management

$55,788

FISHER INVESTMENTS2 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$32,228

DEERFIELD FINANCIAL ADVISORS I3 years

Service code 26 · EIN 35-1648416

Advisory (Participants)

$19,878

LMCG INVESTMENTS LLC5 years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$18,159

KATZ, SAPPER & MILLER3 years

Filed as: KATZ SAPPER AND MILLER LLP

Service code 10 · EIN 35-1090346

Accounting

$16,800

SUMMIT FINANCIAL MANAGEMENT LLC2 years

Filed as: SUMMIT FINANCIAL MANAGEMENT LL

Service code 26 · EIN 81-3807122

Advisory (Participants)

$14,651

FRAZIER FINANCIAL ADVISORS LLC5 years

Service code 26 · EIN 30-0856485

Advisory (Participants)

$11,834

CREATIVE PLANNING LLC1 year

Service code 26 · EIN 43-1270780

Advisory (Participants)

$11,328

THE JOSEPH GROUP LLC4 years

Service code 26 · EIN 36-4729550

Advisory (Participants)

$11,012

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