Retirement plan

MW&E SAVINGS AND RETIREMENT PLAN

Name: MCDERMOTT WILL & EMERY LLP - MW&E SAVINGS AND RETIREMENT PLAN (2019) 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 2019

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)

$887.8M

-7.3% from 2016

Total participants

2,679

-10.1% from 2016

Average account balance

$343,577

+2.6% from 2016

Annual return

23.05%

-6.86 pp from 2016

Benchmarks

See 733 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort733 peers

Snapshot2019

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 16 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$222,669
LMCG INVESTMENTS LLC5+ years Service code 26 · EIN 27-0282607	Advisory (Participants)	$70,248
AT INVESTMENT ADVISERS INC5+ years Service code 26 · EIN 20-0822261	Advisory (Participants)	$38,475
RAPPAPORT REICHES CAPITAL MGMT1 year Service code 26 · EIN 20-3327943	Advisory (Participants)	$18,133
WILLIAM BLAIR5+ years Filed as: WILLIAM BLAIR INVESTMENT MGMT Service code 26 · EIN 47-2614791	Advisory (Participants)	$16,697
CLS INVESTMENTS5+ years Filed as: CLS INVESTMENTS LLC Service code 26 · EIN 32-0070947	Advisory (Participants)	$15,787
CHARLES SCHWAB & CO., INC.5+ years Service code 33 · EIN 94-1737782	Securities brokerage; Direct payment ...	$14,951
SEGALL BRYANT & HAMILL3 years Filed as: SEGALL BRYANT & HAMILL LLC Service code 26 · EIN 41-1788385	Advisory (Participants)	$14,597
WESTMOUNT ASSET MANAGEMENT LLC1 year Service code 26 · EIN 45-2550468	Advisory (Participants)	$13,587
CIBC PRIVATE WEALTH ADVISORS I1 year Service code 26 · EIN 20-0822261	Advisory (Participants)	$11,121

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

$473K

$271 / participant

Investment mgmt$251K52.9%
Other / not subdivided$223K47.1%

% of EOY assets

0.053%

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

$343,577

$101,523+238.4%

$141,200+143.3%

$77,775+341.8%

Participation rate

94.6%

77.4%+17.2pp

82.5%+12.1pp

73.2%+21.3pp

Annual return

23.05%

56.22%-33.2pp

71.41%-48.4pp

32.58%-9.5pp

Employer contribution / active EE

$9,648

$3,341+188.8%

$4,736+103.7%

$2,504+285.3%

Participant deferral / active EE

$11,906

$6,434+85.1%

$6,710+77.4%

$3,966+200.2%

Admin fee / account holder

$183

$92+100.1%

$10,265-98.2%

$100+83.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$222,669

LMCG INVESTMENTS LLC5+ years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$70,248

AT INVESTMENT ADVISERS INC5+ years

Service code 26 · EIN 20-0822261

Advisory (Participants)

$38,475

RAPPAPORT REICHES CAPITAL MGMT1 year

Service code 26 · EIN 20-3327943

Advisory (Participants)

$18,133

WILLIAM BLAIR5+ years

Filed as: WILLIAM BLAIR INVESTMENT MGMT

Service code 26 · EIN 47-2614791

Advisory (Participants)

$16,697

CLS INVESTMENTS5+ years

Filed as: CLS INVESTMENTS LLC

Service code 26 · EIN 32-0070947

Advisory (Participants)

$15,787

CHARLES SCHWAB & CO., INC.5+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Direct payment ...

$14,951

SEGALL BRYANT & HAMILL3 years

Filed as: SEGALL BRYANT & HAMILL LLC

Service code 26 · EIN 41-1788385

Advisory (Participants)

$14,597

WESTMOUNT ASSET MANAGEMENT LLC1 year

Service code 26 · EIN 45-2550468

Advisory (Participants)

$13,587

CIBC PRIVATE WEALTH ADVISORS I1 year

Service code 26 · EIN 20-0822261

Advisory (Participants)

$11,121

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