Retirement plan

SIDLEY AUSTIN LLP SAVINGS AND INVESTMENT PLAN

Name: SIDLEY AUSTIN LLP - SIDLEY AUSTIN LLP SAVINGS AND INVESTMENT PLAN (2019) Form 5500
Creator: SIDLEY AUSTIN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIDLEY AUSTIN LLP SAVINGS AND INVESTMENT PLAN, SIDLEY AUSTIN LLP

SIDLEY AUSTIN LLPEIN 36-4474078Plan #100PY 2019

ONE SOUTH DEARBORN - CHICAGO, IL 60603312-853-7000sidley.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

4 filings

#105Retirement-$609.8M assets #004Retirement-$377.2M assets #001Retirement-$228.3M assets #101Retirement-$160.1M assets

Prospect flagsHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 7, 2020

Plan administrator

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One South Dearborn

Chicago, IL 60603

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Plans declared (1)

Deferred Compensation Agreement1 emp

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Total assets (EOY)

$1270.1M

-12.8% from 2016

Total participants

5,109

+0.5% from 2016

Average account balance

$257,265

-12.9% from 2016

Annual return

24.05%

+34.47 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

$1.93B

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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.

5,876

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

$75.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+20.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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 10 of 11 by compensation

Provider	Service type	Compensation
AT INVESTMENT ADVISERS INC3 years Service code 26 · EIN 20-0822261	Advisory (Participants)	$367,750
CHARLES SCHWAB & CO., INC.5+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$82,183
CHARLES SCHWAB & CO., INC.5+ years Service code 33 · EIN 94-1737782	Securities brokerage; Float revenue; ...	$36,866
WILLIAM BLAIR4 years Filed as: WILLIAM BLAIR INVESTMENT MGMT Service code 26 · EIN 47-2614791	Advisory (Participants)	$34,176
CHICAGO WEALTH MANAGEMENT INC1 year Service code 26 · EIN 20-1255704	Advisory (Participants)	$29,450
FLEXIBLE PLAN INVESTMENTS LTD1 year Service code 26 · EIN 38-2340348	Advisory (Participants)	$21,713
FISHER INVESTMENTS1 year Service code 26 · EIN 20-2480800	Advisory (Participants)	$21,664
SIGNATURE ESTATE & INVESTMENT1 year Service code 26 · EIN 95-4806910	Advisory (Participants)	$14,779
GOLDMAN SACHS1 year Filed as: CLIFFORD CAPITAL PARTNERS LLC Service code 26 · EIN 27-2303741	Advisory (Participants)	$5,751
HUBER FINANCIAL ADVISORS LLC1 year Service code 26 · EIN 46-2591639	Advisory (Participants)	$5,685

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B3F3H

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

$82K

$27 / participant

Contract admin$82K100.0%

% of EOY assets

0.006%

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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$257,265

$101,523+153.4%

$141,200+82.2%

$77,775+230.8%

Participation rate

94.4%

77.4%+17.1pp

82.5%+12.0pp

73.2%+21.2pp

Annual return

24.05%

56.22%-32.2pp

71.41%-47.4pp

32.58%-8.5pp

Employer contribution / active EE

$3,619

$3,341+8.3%

$4,736-23.6%

$2,504+44.6%

Participant deferral / active EE

$14,104

$6,434+119.2%

$6,710+110.2%

$3,966+255.6%

Admin fee / account holder

$17

$92-81.8%

$10,265-99.8%

$100-83.4%

Provider

Service type

Compensation

AT INVESTMENT ADVISERS INC3 years

Service code 26 · EIN 20-0822261

Advisory (Participants)

$367,750

CHARLES SCHWAB & CO., INC.5+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$82,183

CHARLES SCHWAB & CO., INC.5+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Float revenue; ...

$36,866

WILLIAM BLAIR4 years

Filed as: WILLIAM BLAIR INVESTMENT MGMT

Service code 26 · EIN 47-2614791

Advisory (Participants)

$34,176

CHICAGO WEALTH MANAGEMENT INC1 year

Service code 26 · EIN 20-1255704

Advisory (Participants)

$29,450

FLEXIBLE PLAN INVESTMENTS LTD1 year

Service code 26 · EIN 38-2340348

Advisory (Participants)

$21,713

FISHER INVESTMENTS1 year

Service code 26 · EIN 20-2480800

Advisory (Participants)

$21,664

SIGNATURE ESTATE & INVESTMENT1 year

Service code 26 · EIN 95-4806910

Advisory (Participants)

$14,779

GOLDMAN SACHS1 year

Filed as: CLIFFORD CAPITAL PARTNERS LLC

Service code 26 · EIN 27-2303741

Advisory (Participants)

$5,751

HUBER FINANCIAL ADVISORS LLC1 year

Service code 26 · EIN 46-2591639

Advisory (Participants)

$5,685

SIDLEY AUSTIN LLP SAVINGS AND INVESTMENT 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

SIDLEY AUSTIN LLP SAVINGS AND INVESTMENT 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