Retirement plan

HINSHAW & CULBERTSON LLP RETIREMENT SAVINGS AND 401(K) PLAN

Name: HINSHAW & CULBERTSON LLP - HINSHAW & CULBERTSON LLP RETIREMENT SAVINGS AND 401(K) PLAN (2022) Form 5500
Creator: HINSHAW & CULBERTSON LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HINSHAW & CULBERTSON LLP RETIREMENT SAVINGS AND 401(K) PLAN, HINSHAW & CULBERTSON LLP

HINSHAW & CULBERTSON LLPEIN 36-2128133Plan #003PY 2022

151 NORTH FRANKLIN STREET, SUITE 2500 - CHICAGO, IL 60606312-704-3000hinshawlaw.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

2 filings

#004Retirement-$15.2M assets #007Retirement-$6.9M assets

Prospect flagsHigh cashHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$274M

-6.7% from 2016

Total participants

880

+3.6% from 2016

Average account balance

$360,505

-8.0% from 2016

Annual return

-17.32%

+13.90 pp from 2016

Benchmarks

See 3,158 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,158 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$371.30M

Not enough data

1 years with asset history on file

Average account balance

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

$448K

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.

828

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+18.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-221

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 5 by compensation

Provider	Service type	Compensation
ROTHSCHILD ASSET MANAGEMENT8+ years Filed as: ROTHSCHILD INVESTMENT CORPORATION Service code 26 · EIN 36-2708660	Advisory (Participants)	$65,754
STRATEGIC ADVISORS, INC.6 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$23,900
SIKICH LLP3 years Service code 10 · EIN 36-3168081	Accounting	$14,600
E.R.I.S.A., INC.4 years Filed as: E.R.I.S.A., INC Service code 16 · EIN 36-3180571	Consulting	$9,491
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	-$253,485

Plan features & details

Pension benefit codes2R2E2F2G2J2K3H3D

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

-$140K

$-222 / participant

Investment mgmt$24K0.0%

% of EOY assets

-0.051%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$360,505

$82,188+338.6%

$125,401+187.5%

$64,829+456.1%

Participation rate

81.0%

77.9%+3.1pp

82.4%-1.4pp

71.5%+9.5pp

Annual return

-17.32%

3.50%-20.8pp

572.53%-589.9pp

32.85%-50.2pp

Employer contribution / active EE

$8,671

$3,617+139.7%

$4,816+80.1%

$2,507+245.9%

Participant deferral / active EE

$7,592

$7,177+5.8%

$7,448+1.9%

$4,312+76.1%

Admin fee / account holder

-$185

$163-213.0%

$10,008-101.8%

$188-198.2%

Provider

Service type

Compensation

ROTHSCHILD ASSET MANAGEMENT8+ years

Filed as: ROTHSCHILD INVESTMENT CORPORATION

Service code 26 · EIN 36-2708660

Advisory (Participants)

$65,754

STRATEGIC ADVISORS, INC.6 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$23,900

SIKICH LLP3 years

Service code 10 · EIN 36-3168081

Accounting

$14,600

E.R.I.S.A., INC.4 years

Filed as: E.R.I.S.A., INC

Service code 16 · EIN 36-3180571

Consulting

$9,491

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$253,485

HINSHAW & CULBERTSON LLP RETIREMENT SAVINGS AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HINSHAW & CULBERTSON LLP RETIREMENT SAVINGS AND 401(K) 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