Retirement plan

BARNES & THORNBURG LLP PROFIT SHARING PLAN AND TRUST

Name: BARNES & THORNBURG LLP - BARNES & THORNBURG LLP PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: BARNES & THORNBURG LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARNES & THORNBURG LLP PROFIT SHARING PLAN AND TRUST, BARNES & THORNBURG LLP

BARNES & THORNBURG LLPEIN 35-0900596Plan #002PY 2020

11 S. MERIDIAN STREET - INDIANAPOLIS, IN 462043535317-236-1113btlaw.comLinkedIn1001-5000 employeeslaw practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$583.5M

-7.9% from 2016

Total participants

1,454

-2.2% from 2016

Average account balance

$420,092

-3.1% from 2016

Annual return

21.21%

-6.46 pp from 2016

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$753.52M

Not enough data

1 years with asset history on file

Average account balance

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

$430K

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.

1,754

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+17.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$279

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 15 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$214,532
INDIANA LABORERS WELFARE FUND1 year Filed as: INDIANA TRUST WEALTH MANAGEMENT Service code 27 · EIN 35-1755675	Advisory (Plan)	$37,053
BEDEL FINANCIAL CONSULTING INC5 years Filed as: BEDEL FINANCIAL CONSULTING INC. Service code 27 · EIN 35-1892261	Advisory (Plan)	$31,136
INVST1 year Filed as: INVST, LLC Service code 27 · EIN 81-1661697	Advisory (Plan)	$24,890
AB FUNDS1 year Filed as: ALLIANCEBERNSTEIN Service code 27 · EIN 13-4064930	Advisory (Plan)	$24,746
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL Service code 27 · EIN 43-0538770	Advisory (Plan)	$22,568
DEERFIELD FINANCIAL ADVISORS I4 years Filed as: DEERFIELD FINANCIAL ADVISORS Service code 27 · EIN 35-1648416	Advisory (Plan)	$20,863
WOODLEY FARRA MANION PORTFOLIO6+ years Service code 27 · EIN 35-1964649	Advisory (Plan)	$20,805
COLUMN CAPITAL ADVISORS LLC4 years Service code 27 · EIN 20-2759063	Advisory (Plan)	$19,564
LMGG INVESTMENTS LLC1 year Service code 27 · EIN 20-0282607	Advisory (Plan)	$19,304

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B

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.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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

$499K

$418 / participant

Investment mgmt$284K57.0%
Contract admin$215K43.0%

% of EOY assets

0.086%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$420,092

$127,481+229.5%

$149,751+180.5%

$90,274+365.4%

Participation rate

94.6%

78.2%+16.3pp

82.5%+12.1pp

73.4%+21.2pp

Annual return

21.21%

57.78%-36.6pp

276.71%-255.5pp

53.97%-32.8pp

Employer contribution / active EE

$13,791

$3,448+300.0%

$4,646+196.9%

$2,523+446.5%

Participant deferral / active EE

$11,604

$6,975+66.4%

$6,843+69.6%

$4,231+174.3%

Admin fee / account holder

$359

$152+136.9%

$9,312-96.1%

$114+215.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$214,532

INDIANA LABORERS WELFARE FUND1 year

Filed as: INDIANA TRUST WEALTH MANAGEMENT

Service code 27 · EIN 35-1755675

Advisory (Plan)

$37,053

BEDEL FINANCIAL CONSULTING INC5 years

Filed as: BEDEL FINANCIAL CONSULTING INC.

Service code 27 · EIN 35-1892261

Advisory (Plan)

$31,136

INVST1 year

Filed as: INVST, LLC

Service code 27 · EIN 81-1661697

Advisory (Plan)

$24,890

AB FUNDS1 year

Filed as: ALLIANCEBERNSTEIN

Service code 27 · EIN 13-4064930

Advisory (Plan)

$24,746

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL

Service code 27 · EIN 43-0538770

Advisory (Plan)

$22,568

DEERFIELD FINANCIAL ADVISORS I4 years

Filed as: DEERFIELD FINANCIAL ADVISORS

Service code 27 · EIN 35-1648416

Advisory (Plan)

$20,863

WOODLEY FARRA MANION PORTFOLIO6+ years

Service code 27 · EIN 35-1964649

Advisory (Plan)

$20,805

COLUMN CAPITAL ADVISORS LLC4 years

Service code 27 · EIN 20-2759063

Advisory (Plan)

$19,564

LMGG INVESTMENTS LLC1 year

Service code 27 · EIN 20-0282607

Advisory (Plan)

$19,304

BARNES & THORNBURG LLP PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARNES & THORNBURG LLP PROFIT SHARING PLAN AND TRUST

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