Retirement plan

MW&E SAVINGS AND RETIREMENT PLAN

Name: MCDERMOTT WILL & EMERY LLP - MW&E SAVINGS AND RETIREMENT PLAN (2017) Form 5500
Creator: MCDERMOTT WILL & EMERY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MW&E SAVINGS AND RETIREMENT PLAN, MCDERMOTT WILL & EMERY LLP

MCDERMOTT WILL & EMERY LLPEIN 36-1453176Plan #005PY 2017

444 WEST LAKE STREET, SUITE 4000 - CHICAGO, IL 606060029312-372-2000

Other plans on this EIN

1 filing

#010Retirement-$131.7M assets

Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 27, 2024

Plan administrator

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444 West Lake Street

Chicago, IL 60606

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Plans declared (1)

MW&E Annual Deferral Election Plan16 emp

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Total assets (EOY)

$782.4M

-7.3% from 2016

Total participants

2,439

-10.1% from 2016

Average account balance

$332,656

+2.6% from 2016

Annual return

18.39%

-6.86 pp from 2016

Benchmarks

See 662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort662 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.39B

Not enough data

1 years with asset history on file

Average account balance

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

$444K

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.

3,125

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+16.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
LMCG INVESTMENTS LLC3+ years Service code 26 · EIN 27-0282607	Advisory (Participants)	$98,459
CHARLES SCHWAB & CO., INC.3+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN Service code 15 · EIN 34-1479833	Recordkeeping	$87,261
RIDGEWORTH3+ years Filed as: GENEVA ADVISORS LLC Service code 26 · EIN 04-3689735	Advisory (Participants)	$36,481
WILLIAM BLAIR3+ years Filed as: WILLIAM BLAIR INVESTMENT MGMT Service code 26 · EIN 47-2614791	Advisory (Participants)	$25,371
AT INVESTMENT ADVISERS INC3+ years Service code 26 · EIN 20-0822261	Advisory (Participants)	$24,819
CHARLES SCHWAB & CO., INC.3+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Float rev...	$24,279
CLS INVESTMENTS3+ years Filed as: CLS INVESTMENTS LLC Service code 26 · EIN 32-0070947	Advisory (Participants)	$15,636
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO SECURITIES LLC Service code 50 · EIN 56-2326000	Direct Payment	$13,263
SPINNAKER INVESTMENT GROUP LLC1 year Service code 26 · EIN 81-2550846	Advisory (Participants)	$13,140
SEGALL BRYANT & HAMILL1 year Filed as: SEGALL BRYANT & HAMILL LLC Service code 26 · EIN 41-1788385	Advisory (Participants)	$10,849

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

3 tripped

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

$325K

$201 / participant

Investment mgmt$238K73.2%
Other / not subdivided$87K26.8%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$332,656

$96,458+244.9%

$136,298+144.1%

$77,958+326.7%

Participation rate

94.6%

75.4%+19.2pp

81.9%+12.7pp

71.6%+23.0pp

Annual return

18.39%

23.78%-5.4pp

5156.27%-5137.9pp

20.87%-2.5pp

Employer contribution / active EE

$10,711

$3,144+240.7%

$4,696+128.1%

$2,310+363.6%

Participant deferral / active EE

$10,712

$5,902+81.5%

$6,247+71.5%

$3,537+202.9%

Admin fee / account holder

$138

$80+71.8%

$9,244-98.5%

$97+41.9%

Provider

Service type

Compensation

LMCG INVESTMENTS LLC3+ years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$98,459

CHARLES SCHWAB & CO., INC.3+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN

Service code 15 · EIN 34-1479833

Recordkeeping

$87,261

RIDGEWORTH3+ years

Filed as: GENEVA ADVISORS LLC

Service code 26 · EIN 04-3689735

Advisory (Participants)

$36,481

WILLIAM BLAIR3+ years

Filed as: WILLIAM BLAIR INVESTMENT MGMT

Service code 26 · EIN 47-2614791

Advisory (Participants)

$25,371

AT INVESTMENT ADVISERS INC3+ years

Service code 26 · EIN 20-0822261

Advisory (Participants)

$24,819

CHARLES SCHWAB & CO., INC.3+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Float rev...

$24,279

CLS INVESTMENTS3+ years

Filed as: CLS INVESTMENTS LLC

Service code 26 · EIN 32-0070947

Advisory (Participants)

$15,636

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO SECURITIES LLC

Service code 50 · EIN 56-2326000

Direct Payment

$13,263

SPINNAKER INVESTMENT GROUP LLC1 year

Service code 26 · EIN 81-2550846

Advisory (Participants)

$13,140

SEGALL BRYANT & HAMILL1 year

Filed as: SEGALL BRYANT & HAMILL LLC

Service code 26 · EIN 41-1788385

Advisory (Participants)

$10,849

MW&E SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MW&E SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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