Retirement plan

BARNES & THORNBURG LLP PROFIT SHARING PLAN

Name: BARNES & THORNBURG LLP - BARNES & THORNBURG LLP PROFIT SHARING PLAN (2021) 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, BARNES & THORNBURG LLP

BARNES & THORNBURG LLPEIN 35-0900596Plan #002PY 2021

11 SOUTH MERIDIAN STREET - INDIANAPOLIS, IN 462043535317-236-1313btlaw.comLinkedIn1001-5000 employeeslaw practice

Prospect flagsLow returnsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$645.7M

-7.9% from 2016

Total participants

1,531

-2.2% from 2016

Average account balance

$456,677

-3.1% from 2016

Annual return

14.67%

-6.46 pp from 2016

Benchmarks

See 813 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort813 peers

Snapshot2021

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 18 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969	Recordkeeping	$106,614
INVST1 year Filed as: INVST LLC Service code 26 · EIN 54-2098420	Advisory (Participants)	$70,280
BEDEL FINANCIAL CONSULTING INC1 year Service code 26 · EIN 35-1892261	Advisory (Participants)	$36,957
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$35,378
LMCG INVESTMENTS LLC6 years Service code 26 · EIN 27-0282607	Advisory (Participants)	$31,729
INDIANA LABORERS WELFARE FUND1 year Filed as: INDIANA TRUST WEALTH MGMNT Service code 26 · EIN 35-1755675	Advisory (Participants)	$28,055
COLUMN CAPITAL ADVISORS LLC5 years Service code 26 · EIN 20-2759063	Advisory (Participants)	$24,702
DEERFIELD FINANCIAL ADVISORS I1 year Service code 26 · EIN 35-1648416	Advisory (Participants)	$23,907
WOODLEY FARRA MANION PORTFOLIO7+ years Service code 26 · EIN 35-1964649	Advisory (Participants)	$15,633
CAMBRIDGE INVESTMENT RESEARCH7+ years Service code 26 · EIN 20-1665305	Advisory (Participants)	$15,580

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D

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

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

$442K

$358 / participant

Investment mgmt$295K66.8%
Other / not subdivided$147K33.2%

% of EOY assets

0.068%

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: FORVIS
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$456,677

$120,450+279.1%

$159,495+186.3%

$93,010+391.0%

Participation rate

90.5%

78.0%+12.5pp

82.8%+7.7pp

73.9%+16.6pp

Annual return

14.67%

27.11%-12.4pp

263.72%-249.0pp

158.70%-144.0pp

Employer contribution / active EE

$14,712

$3,526+317.3%

$4,831+204.5%

$2,705+443.8%

Participant deferral / active EE

$12,010

$7,283+64.9%

$7,354+63.3%

$4,561+163.3%

Admin fee / account holder

$313

$137+128.8%

$10,804-97.1%

$152+106.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 15 · EIN 27-2037969

Recordkeeping

$106,614

INVST1 year

Filed as: INVST LLC

Service code 26 · EIN 54-2098420

Advisory (Participants)

$70,280

BEDEL FINANCIAL CONSULTING INC1 year

Service code 26 · EIN 35-1892261

Advisory (Participants)

$36,957

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$35,378

LMCG INVESTMENTS LLC6 years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$31,729

INDIANA LABORERS WELFARE FUND1 year

Filed as: INDIANA TRUST WEALTH MGMNT

Service code 26 · EIN 35-1755675

Advisory (Participants)

$28,055

COLUMN CAPITAL ADVISORS LLC5 years

Service code 26 · EIN 20-2759063

Advisory (Participants)

$24,702

DEERFIELD FINANCIAL ADVISORS I1 year

Service code 26 · EIN 35-1648416

Advisory (Participants)

$23,907

WOODLEY FARRA MANION PORTFOLIO7+ years

Service code 26 · EIN 35-1964649

Advisory (Participants)

$15,633

CAMBRIDGE INVESTMENT RESEARCH7+ years

Service code 26 · EIN 20-1665305

Advisory (Participants)

$15,580

BARNES & THORNBURG LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARNES & THORNBURG LLP PROFIT SHARING 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