Retirement plan

BARTLIT BECK LLP 401(K) PLAN AND TRUST

Name: BARTLIT BECK LLP - BARTLIT BECK LLP 401(K) PLAN AND TRUST (2022) Form 5500
Creator: BARTLIT BECK LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARTLIT BECK LLP 401(K) PLAN AND TRUST, BARTLIT BECK LLP

BARTLIT BECK LLPEIN 36-3909157Plan #001PY 2022

54 W. HUBBARD STREET, SUITE 300 - CHICAGO, IL 60654312-494-4400bartlitbeck.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$17.7M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$71.4M

-16.3% from 2021

Total participants

193

+4.3% from 2021

Average account balance

$394,749

-17.2% from 2021

Annual return

-18.92%

-36.62 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$99.65M

Not enough data

1 years with asset history on file

Average account balance

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

$491K

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.

203

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+17.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$902

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 50 1033 SKOKIE BLVD. · NORTHBROOK, IL 60062	Direct Payment	$75,158
HOWARD SIMON & ASSOCIATES, INC.8+ years Service code 15 304 SAUNDERS ROAD · RIVERWOODS, IL 60015	Recordkeeping	$70,016
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 50 · EIN 82-3967259	Direct Payment	$12,923
CHARLES SCHWAB & CO., INC.5 years Service code 51 · EIN 94-1737782	Investment Mgmt Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3F

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

Expense breakdown

Schedule H Part II

Admin total

$158K

$935 / participant

Investment mgmt$75K47.5%
Contract admin$83K52.5%

% of EOY assets

0.221%

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: DHJJ LTD
Auditor EIN: 363029663
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$394,749

$84,493+367.2%

$125,381+214.8%

$66,938+489.7%

Participation rate

92.9%

76.4%+16.5pp

82.4%+10.5pp

69.8%+23.1pp

Annual return

-18.92%

-8.49%-10.4pp

572.31%-591.2pp

1.58%-20.5pp

Employer contribution / active EE

$2,035

$3,554-42.7%

$4,815-57.7%

$2,545-20.0%

Participant deferral / active EE

$16,983

$6,783+150.4%

$7,448+128.0%

$4,238+300.7%

Admin fee / account holder

$873

$685+27.5%

$10,007-91.3%

$594+47.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 50

1033 SKOKIE BLVD. · NORTHBROOK, IL 60062

Direct Payment

$75,158

HOWARD SIMON & ASSOCIATES, INC.8+ years

Service code 15

304 SAUNDERS ROAD · RIVERWOODS, IL 60015

Recordkeeping

$70,016

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 50 · EIN 82-3967259

Direct Payment

$12,923

CHARLES SCHWAB & CO., INC.5 years

Service code 51 · EIN 94-1737782

Investment Mgmt Fees

BARTLIT BECK LLP 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARTLIT BECK LLP 401(K) PLAN AND TRUST

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