Retirement plan

SEYFARTH SHAW LLP 401(K) SAVINGS AND RETIREMENT PLAN

Name: SEYFARTH SHAW LLP - SEYFARTH SHAW LLP 401(K) SAVINGS AND RETIREMENT PLAN (2019) 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 2019

233 SOUTH WACKER DRIVE,SUITE 8000 - CHICAGO, IL 60606312-460-6469seyfarth.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

2 filings

#007Retirement-$64.6M assets #003Retirement-$15.8M assets

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$584.1M

-4.6% from 2016

Total participants

2,684

-6.2% from 2016

Average account balance

$222,334

+11.2% from 2016

Annual return

19.81%

-8.19 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

$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.5+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$684,513
GOFEN AND GLOSSBERG LLC5+ years Service code 26 · EIN 36-4143109	Advisory (Participants)	$39,142
HEINZ GLOBAL ASSET MGMT INC5+ years Service code 26 · EIN 45-2510991	Advisory (Participants)	$20,446
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT SERVICE Service code 26 · EIN 36-3297908	Advisory (Participants)	$16,234
RMB CAPITAL MANAGEMENT LLC5+ years Service code 26 · EIN 59-3792751	Advisory (Participants)	$12,667
HUBER FINANCIAL ADVISORS LLC5+ years Service code 26 · EIN 46-2591639	Advisory (Participants)	$10,819
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 26 · EIN 59-1237041	Advisory (Participants)	$10,054
CHARLES SCHWAB & CO., INC.5+ years Service code 33 · EIN 94-1737782	Float revenue; Shareholder servicing ...	$8,353
CLS INVESTMENTS5+ years Filed as: CLS INVESTMENTS LLC Service code 26 · EIN 32-0070947	Advisory (Participants)	$7,154
SIGNATURE ESTATE & INVESTMENT2 years Filed as: SIGNATURE INVESTMENT ADVISORS Service code 26 · EIN 45-3791510	Advisory (Participants)	$6,897

Plan features & details

Pension benefit codes2E2F2G2J2R2T3B3H

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$831K

$435 / participant

Investment mgmt$149K17.9%
Other / not subdivided$682K82.1%

% of EOY assets

0.142%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$222,334

$101,523+119.0%

$141,200+57.5%

$77,775+185.9%

Participation rate

97.0%

77.4%+19.6pp

82.5%+14.5pp

73.2%+23.8pp

Annual return

19.81%

56.22%-36.4pp

71.41%-51.6pp

32.58%-12.8pp

Employer contribution / active EE

$9,957

$3,341+198.0%

$4,736+110.2%

$2,504+297.6%

Participant deferral / active EE

$10,737

$6,434+66.9%

$6,710+60.0%

$3,966+170.7%

Admin fee / account holder

$316

$92+245.5%

$10,265-96.9%

$100+216.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$684,513

GOFEN AND GLOSSBERG LLC5+ years

Service code 26 · EIN 36-4143109

Advisory (Participants)

$39,142

HEINZ GLOBAL ASSET MGMT INC5+ years

Service code 26 · EIN 45-2510991

Advisory (Participants)

$20,446

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT SERVICE

Service code 26 · EIN 36-3297908

Advisory (Participants)

$16,234

RMB CAPITAL MANAGEMENT LLC5+ years

Service code 26 · EIN 59-3792751

Advisory (Participants)

$12,667

HUBER FINANCIAL ADVISORS LLC5+ years

Service code 26 · EIN 46-2591639

Advisory (Participants)

$10,819

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 26 · EIN 59-1237041

Advisory (Participants)

$10,054

CHARLES SCHWAB & CO., INC.5+ years

Service code 33 · EIN 94-1737782

Float revenue; Shareholder servicing ...

$8,353

CLS INVESTMENTS5+ years

Filed as: CLS INVESTMENTS LLC

Service code 26 · EIN 32-0070947

Advisory (Participants)

$7,154

SIGNATURE ESTATE & INVESTMENT2 years

Filed as: SIGNATURE INVESTMENT ADVISORS

Service code 26 · EIN 45-3791510

Advisory (Participants)

$6,897

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