Retirement plan

KATTEN MUCHIN ROSENMAN LLP DEFINED CONTRIBUTION PLAN

Name: KATTEN MUCHIN ROSENMAN LLP - KATTEN MUCHIN ROSENMAN LLP DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: KATTEN MUCHIN ROSENMAN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KATTEN MUCHIN ROSENMAN LLP DEFINED CONTRIBUTION PLAN, KATTEN MUCHIN ROSENMAN LLP

KATTEN MUCHIN ROSENMAN LLPEIN 36-2796532Plan #007PY 2023

525 W. MONROE STREET, SUITE 1900 - CHICAGO, IL 606613693312-902-5200katten.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

1 filing

#010Retirement-$529K assets

Prospect flagsHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed August 11, 2023

Plan administrator

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525 W. Monroe St.

Chicago, IL 60661

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Plans declared (1)

Katten Muchin Rosenman LLP Second Amended and Restated Retirement/Death Benefit Plan0 emp

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Total assets (EOY)

$699.3M

-7.1% from 2016

Total participants

1,965

-0.5% from 2016

Average account balance

$362,701

-6.2% from 2016

Annual return

19.11%

-7.58 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$793.33M

Not enough data

1 years with asset history on file

Average account balance

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

$405K

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.

1,957

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+16.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.9+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$128,996
CAPFINANCIAL PARTNERS LLC5 years Service code 28 · EIN 26-0058143	Investment Management	$90,168
GRANT THORNTON LLP9+ years Service code 10 · EIN 36-6055558	Accounting	$35,500
CERITY PARTNERS1 year Filed as: CERITY PARTNERS LLC Service code 26 · EIN 27-1180831	Advisory (Participants)	$24,164
WEALTHSPIRE ADVISORS LLC4 years Service code 26 · EIN 13-3831584	Advisory (Participants)	$19,784
SIGNATURE ESTATE & INVESTMENT9+ years Filed as: SIGNATURE ESTATE AND INVESTMENT Service code 26 · EIN 95-4806910	Advisory (Participants)	$17,551
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INVST. MGMT. INC. Service code 26 · EIN 36-3429599	Advisory (Participants)	$12,783
CORIENT PRIVATE WEALTH LLC1 year Service code 26 · EIN 88-0967642	Advisory (Participants)	$8,560
CHARLES SCHWAB & CO., INC.9+ years Service code 28 · EIN 94-1737782	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$255K

$230 / participant

Recordkeeping$136K53.4%
Investment mgmt$90K35.4%
Other / not subdivided$29K11.2%

% of EOY assets

0.036%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $28,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$362,701

$107,415+237.7%

$135,998+166.7%

$80,187+352.3%

Participation rate

96.7%

78.0%+18.6pp

81.9%+14.7pp

72.9%+23.7pp

Annual return

19.11%

91.99%-72.9pp

68.37%-49.3pp

40.40%-21.3pp

Employer contribution / active EE

$14,880

$3,878+283.7%

$4,860+206.2%

$2,980+399.4%

Participant deferral / active EE

$18,477

$8,189+125.6%

$7,761+138.1%

$5,016+268.3%

Admin fee / account holder

$132

$127+4.0%

$10,769-98.8%

$145-8.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.9+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$128,996

CAPFINANCIAL PARTNERS LLC5 years

Service code 28 · EIN 26-0058143

Investment Management

$90,168

GRANT THORNTON LLP9+ years

Service code 10 · EIN 36-6055558

Accounting

$35,500

CERITY PARTNERS1 year

Filed as: CERITY PARTNERS LLC

Service code 26 · EIN 27-1180831

Advisory (Participants)

$24,164

WEALTHSPIRE ADVISORS LLC4 years

Service code 26 · EIN 13-3831584

Advisory (Participants)

$19,784

SIGNATURE ESTATE & INVESTMENT9+ years

Filed as: SIGNATURE ESTATE AND INVESTMENT

Service code 26 · EIN 95-4806910

Advisory (Participants)

$17,551

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INVST. MGMT. INC.

Service code 26 · EIN 36-3429599

Advisory (Participants)

$12,783

CORIENT PRIVATE WEALTH LLC1 year

Service code 26 · EIN 88-0967642

Advisory (Participants)

$8,560

CHARLES SCHWAB & CO., INC.9+ years

Service code 28 · EIN 94-1737782

Investment Management

KATTEN MUCHIN ROSENMAN LLP DEFINED CONTRIBUTION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KATTEN MUCHIN ROSENMAN LLP DEFINED CONTRIBUTION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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