Retirement plan

SEYFARTH SHAW LLP 401(K) SAVINGS AND RETIREMENT PLAN

Name: SEYFARTH SHAW LLP - SEYFARTH SHAW LLP 401(K) SAVINGS AND RETIREMENT PLAN (2016) Form 5500
Creator: SEYFARTH SHAW LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEYFARTH SHAW LLP 401(K) SAVINGS AND RETIREMENT PLAN, SEYFARTH SHAW LLP

SEYFARTH SHAW LLPEIN 36-2152202Plan #004PY 2016

131 S. DEARBORN STREET SUITE 2400 - CHICAGO, IL 60603312-460-6479seyfarth.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

3 filings

#002Retirement-$152.7M assets #007Retirement-$43.5M assets #003Retirement-$16.6M assets

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$285.2M

-4.6% from 2016

Total participants

2,391

-6.2% from 2016

Average account balance

$122,150

+11.2% from 2016

Annual return

9.10%

-8.19 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort664 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$925.92M

Not enough data

1 years with asset history on file

Average account balance

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

$327K

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.

2,831

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 10 of 13 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$610,313
GOFEN AND GLOSSBERG LLC2+ years Service code 26 · EIN 36-4143109	Advisory (Participants)	$29,942
TOWER VIEW INVESTMENT2+ years Service code 26 · EIN 39-1964363	Advisory (Participants)	$27,864
HEINZ GLOBAL ASSET MGMT INC2+ years Service code 26 · EIN 45-2510991	Advisory (Participants)	$26,393
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Other investment fees and expenses; S...	$15,742
HUBER FINANCIAL ADVISORS LLC2+ years Service code 26 · EIN 46-2591639	Advisory (Participants)	$9,692
CLS INVESTMENTS2+ years Filed as: CLS INVESTMENTS LLC Service code 26 · EIN 32-0070947	Advisory (Participants)	$9,683
THOMASPARTNERS INC2+ years Service code 26 · EIN 04-2489016	Advisory (Participants)	$8,404
RMB CAPITAL MANAGEMENT LLC2+ years Service code 26 · EIN 59-3792751	Advisory (Participants)	$8,339
BALASA DINVERNO & FOLTZ LLC2+ years Service code 26 · EIN 36-4445980	Advisory (Participants)	$5,990

Plan features & details

Pension benefit codes2E2F2G2J2R3B2T3H

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.
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.
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 fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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).

Expense breakdown

Schedule H Part II

Admin total

$762K

$429 / participant

Investment mgmt$152K19.9%
Other / not subdivided$610K80.1%

% of EOY assets

0.267%

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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,150

$85,635+42.6%

$123,894-1.4%

$63,975+90.9%

Participation rate

96.8%

74.9%+21.9pp

81.4%+15.4pp

71.1%+25.7pp

Annual return

9.10%

15.74%-6.6pp

47.52%-38.4pp

48.65%-39.6pp

Employer contribution / active EE

$2,601

$3,076-15.5%

$4,617-43.7%

$2,182+19.2%

Participant deferral / active EE

$9,118

$5,667+60.9%

$5,984+52.4%

$3,356+171.7%

Admin fee / account holder

$326

$75+335.8%

$8,357-96.1%

$70+363.5%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$610,313

GOFEN AND GLOSSBERG LLC2+ years

Service code 26 · EIN 36-4143109

Advisory (Participants)

$29,942

TOWER VIEW INVESTMENT2+ years

Service code 26 · EIN 39-1964363

Advisory (Participants)

$27,864

HEINZ GLOBAL ASSET MGMT INC2+ years

Service code 26 · EIN 45-2510991

Advisory (Participants)

$26,393

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Other investment fees and expenses; S...

$15,742

HUBER FINANCIAL ADVISORS LLC2+ years

Service code 26 · EIN 46-2591639

Advisory (Participants)

$9,692

CLS INVESTMENTS2+ years

Filed as: CLS INVESTMENTS LLC

Service code 26 · EIN 32-0070947

Advisory (Participants)

$9,683

THOMASPARTNERS INC2+ years

Service code 26 · EIN 04-2489016

Advisory (Participants)

$8,404

RMB CAPITAL MANAGEMENT LLC2+ years

Service code 26 · EIN 59-3792751

Advisory (Participants)

$8,339

BALASA DINVERNO & FOLTZ LLC2+ years

Service code 26 · EIN 36-4445980

Advisory (Participants)

$5,990

SEYFARTH SHAW LLP 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEYFARTH SHAW LLP 401(K) SAVINGS AND RETIREMENT 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