Retirement plan

EMPLOYEE SAVINGS PLAN OF WINSTON & STRAWN LLP

Name: WINSTON & STRAWN LLP - EMPLOYEE SAVINGS PLAN OF WINSTON & STRAWN LLP (2021) Form 5500
Creator: WINSTON & STRAWN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE SAVINGS PLAN OF WINSTON & STRAWN LLP, WINSTON & STRAWN LLP

WINSTON & STRAWN LLPEIN 36-1975990Plan #022PY 2021

35 W. WACKER DRIVE - CHICAGO, IL 60601312-558-5600winston.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

2 filings

#001Retirement-$460.8M assets #004Retirement-$45.4M assets

Prospect flagsLow employer contributionFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$532.2M

-12.7% from 2017

Total participants

2,683

+1.7% from 2017

Average account balance

$231,209

-13.1% from 2017

Annual return

19.42%

-19.72 pp from 2017

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

$1.25B

Not enough data

1 years with asset history on file

Average account balance

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

$439K

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.

2,850

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51.82M

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

+19.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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 3 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$43,170
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085	Advisory (Plan)	$40,390
DELOITTE & TOUCHE LLP6+ years Service code 10 · EIN 13-3891517	Accounting	$13,463

Plan features & details

Pension benefit codes3B2R2F2G2J2T

Plan features

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$53K

$33 / participant

Investment mgmt$43K82.2%
Other / not subdivided$9K17.8%

% of EOY assets

0.010%

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: DELOITTE & TOUCHE, LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$231,209

$120,450+92.0%

$159,495+45.0%

$93,010+148.6%

Participation rate

76.3%

78.0%-1.7pp

82.8%-6.5pp

73.9%+2.4pp

Annual return

19.42%

27.11%-7.7pp

263.72%-244.3pp

158.70%-139.3pp

Employer contribution / active EE

$3,526-100.0%

$4,831-100.0%

$2,705-100.0%

Participant deferral / active EE

$12,520

$7,283+71.9%

$7,354+70.3%

$4,561+174.5%

Admin fee / account holder

$23

$137-83.3%

$10,804-99.8%

$152-84.9%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$43,170

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$40,390

DELOITTE & TOUCHE LLP6+ years

Service code 10 · EIN 13-3891517

Accounting

$13,463

EMPLOYEE SAVINGS PLAN OF WINSTON & STRAWN LLP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE SAVINGS PLAN OF WINSTON & STRAWN LLP

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