Retirement plan

BARNES & THORNBURG LLP PROFIT SHARING PLAN

Name: BARNES & THORNBURG LLP - BARNES & THORNBURG LLP PROFIT SHARING PLAN (2023) 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 2023

11 SOUTH MERIDIAN STREET - INDIANAPOLIS, IN 46204317-236-1313btlaw.comLinkedIn1001-5000 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$658M

+23.7% from 2022

Total participants

1,803

+10.8% from 2022

Average account balance

$403,460

+12.4% from 2022

Annual return

21.48%

+38.32 pp from 2022

Benchmarks

See 929 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort929 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$927.06M

Not enough data

1 years with asset history on file

Average account balance

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

$502K

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.

1,846

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

$50.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+23.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$305

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$103,329
INVST3 years Filed as: INVST LLC Service code 26 · EIN 54-2098420	Advisory (Participants)	$68,717
LMCG INVESTMENTS LLC8+ years Service code 26 · EIN 27-0282607	Advisory (Participants)	$40,542
COLUMN CAPITAL ADVISORS LLC7 years Service code 26 · EIN 20-2759063	Advisory (Participants)	$39,459
BEDEL FINANCIAL CONSULTING INC3 years Service code 26 · EIN 35-1892261	Advisory (Participants)	$38,124
WOODLEY FARRA MANION PORTFOLIO9+ years Service code 26 · EIN 35-1964649	Advisory (Participants)	$19,941
PRIVATE ADVISOR GROUP LLC5 years Service code 26 · EIN 27-3463733	Advisory (Participants)	$16,777
CAMBRIDGE INVESTMENT RESEARCH9+ years Service code 26 · EIN 39-1897480	Advisory (Participants)	$11,732
DEERFIELD FINANCIAL ADVISORS I3 years Service code 26 · EIN 35-1648416	Advisory (Participants)	$11,609
INDIANA LABORERS WELFARE FUND3 years Filed as: INDIANA TRUST WEALTH MGMNT Service code 26 · EIN 35-1755675	Advisory (Participants)	$11,005

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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$402K

$276 / participant

Recordkeeping$103K25.7%
Investment mgmt$299K74.3%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$403,460

$107,459+275.5%

$135,903+196.9%

$80,160+403.3%

Participation rate

88.2%

78.0%+10.1pp

81.9%+6.3pp

72.9%+15.2pp

Annual return

21.48%

91.91%-70.4pp

68.23%-46.8pp

40.38%-18.9pp

Employer contribution / active EE

$16,350

$3,877+321.7%

$4,856+236.7%

$2,978+449.1%

Participant deferral / active EE

$13,070

$8,195+59.5%

$7,758+68.5%

$5,017+160.5%

Admin fee / account holder

$247

$127+94.2%

$10,762-97.7%

$145+70.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$103,329

INVST3 years

Filed as: INVST LLC

Service code 26 · EIN 54-2098420

Advisory (Participants)

$68,717

LMCG INVESTMENTS LLC8+ years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$40,542

COLUMN CAPITAL ADVISORS LLC7 years

Service code 26 · EIN 20-2759063

Advisory (Participants)

$39,459

BEDEL FINANCIAL CONSULTING INC3 years

Service code 26 · EIN 35-1892261

Advisory (Participants)

$38,124

WOODLEY FARRA MANION PORTFOLIO9+ years

Service code 26 · EIN 35-1964649

Advisory (Participants)

$19,941

PRIVATE ADVISOR GROUP LLC5 years

Service code 26 · EIN 27-3463733

Advisory (Participants)

$16,777

CAMBRIDGE INVESTMENT RESEARCH9+ years

Service code 26 · EIN 39-1897480

Advisory (Participants)

$11,732

DEERFIELD FINANCIAL ADVISORS I3 years

Service code 26 · EIN 35-1648416

Advisory (Participants)

$11,609

INDIANA LABORERS WELFARE FUND3 years

Filed as: INDIANA TRUST WEALTH MGMNT

Service code 26 · EIN 35-1755675

Advisory (Participants)

$11,005

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