Retirement plan

BAKER & MCKENZIE NEW YORK PROFIT SHARING AND 401K PLAN

Name: BAKER & MCKENZIE LLP - BAKER & MCKENZIE NEW YORK PROFIT SHARING AND 401K PLAN (2017) Form 5500
Creator: BAKER & MCKENZIE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAKER & MCKENZIE NEW YORK PROFIT SHARING AND 401K PLAN, BAKER & MCKENZIE LLP

BAKER & MCKENZIE LLPEIN 36-2137456Plan #003PY 2017

300 E. RANDOLPH ST, SUITE 4300 - CHICAGO, IL 60601312-861-8800bakermckenzie.comLinkedIn10001+ employeeslaw practice

Other plans on this EIN

7 filings

#001Retirement-$563.1M assets #002Retirement-$79.8M assets #011Retirement-$12.3M assets #012Retirement-$12.3M assets #004Retirement-$10.5M assets #009Retirement--#010Retirement--

Prospect flagsHigh assets / participant

Top hat statement on fileNQDC

Filed June 30, 2009 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$80.2M

+52.8% from 2016

Total participants

289

+4.7% from 2016

Average account balance

$304,876

+48.7% from 2016

Annual return

49.68%

+49.92 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
NORTHWEST PLAN SERVICES, INC.2+ years Filed as: NORTHWEST PLAN SERVICES Service code 64 · EIN 91-2090931	Recordkeeping Fees	$29,738
SAGEVIEW ADVISORY GROUP, LLC2+ years Filed as: SAGEVIEW Service code 70 · EIN 33-0818667	Consulting Fees	$7,932
ERNST & YOUNG LLP2+ years Service code 10 · EIN 34-6565596	Accounting	$7,624
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 21 · EIN 42-1558009	Bank Trustee	$4,804
GUIDESPARK1 year Service code 26 · EIN 26-2229814	Advisory (Participants)	$1,358
MASTERY POINT2+ years Service code 26 · EIN 41-1810775	Advisory (Participants)	$979
RUSSELL TRUST COMPANY2+ years Service code 21 · EIN 91-1116938	Bank Trustee	$510

Plan features & details

Pension benefit codes2E2F2G2J2K2R3B3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$54K

$281 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.067%

all-in expense ratio

Categories reported

0 / 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: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$304,876

$80,753+277.5%

$136,294+123.7%

$62,292+389.4%

Participation rate

86.5%

73.5%+12.9pp

81.9%+4.5pp

69.5%+16.9pp

Annual return

49.68%

35.83%+13.8pp

5155.94%-5106.3pp

28.90%+20.8pp

Employer contribution / active EE

$5,688

$2,884+97.3%

$4,695+21.1%

$2,042+178.5%

Participant deferral / active EE

$11,795

$5,164+128.4%

$6,247+88.8%

$3,169+272.2%

Admin fee / account holder

$205

$525-60.9%

$9,243-97.8%

$479-57.1%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.2+ years

Filed as: NORTHWEST PLAN SERVICES

Service code 64 · EIN 91-2090931

Recordkeeping Fees

$29,738

SAGEVIEW ADVISORY GROUP, LLC2+ years

Filed as: SAGEVIEW

Service code 70 · EIN 33-0818667

Consulting Fees

$7,932

ERNST & YOUNG LLP2+ years

Service code 10 · EIN 34-6565596

Accounting

$7,624

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 21 · EIN 42-1558009

Bank Trustee

$4,804

GUIDESPARK1 year

Service code 26 · EIN 26-2229814

Advisory (Participants)

$1,358

MASTERY POINT2+ years

Service code 26 · EIN 41-1810775

Advisory (Participants)

$979

RUSSELL TRUST COMPANY2+ years

Service code 21 · EIN 91-1116938

Bank Trustee

$510

BAKER & MCKENZIE NEW YORK PROFIT SHARING AND 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAKER & MCKENZIE NEW YORK PROFIT SHARING AND 401K PLAN

Top hat statement on fileNQDC

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