Retirement plan

CLARK HILL NON-MEMBER ATTORNEYS 401(K) SAVINGS PLAN

Name: CLARK HILL PLC - CLARK HILL NON-MEMBER ATTORNEYS 401(K) SAVINGS PLAN (2021) Form 5500
Creator: CLARK HILL PLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARK HILL NON-MEMBER ATTORNEYS 401(K) SAVINGS PLAN, CLARK HILL PLC

CLARK HILL PLCEIN 38-0425840Plan #003PY 2021

500 WOODWARD AVE, STE. 3500 - DETROIT, MI 48226412-394-7794LinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$300.4M assets

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$53.9M

-72.7% from 2020

Total participants

413

-1.1% from 2020

Average account balance

$167,916

-65.3% from 2020

Annual return

28.22%

-234.37 pp from 2020

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$90.88M

Not enough data

1 years with asset history on file

Average account balance

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

$210K

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.

433

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+24.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$34,297
FUND DIRECT ADVISORS1 year Filed as: FUND EVALUATION GROUP, LLC Service code 27 201 EAST FIFTH STREET SUITE 1600 · CINCINNATI, OH 45202	Advisory (Plan)	$4,318
SCHWARTZ, STEINSAPIR, ET AL2 years Filed as: SCHWARTZ & CO INVESTMENT ADVISORS Service code 27 3707 W MAPLE RD #3212 · BLOOMFIELD HILLS, MI 48301	Advisory (Plan)	$3,332

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$42K

$129 / participant

Investment mgmt$8K19.0%
Contract admin$34K81.0%

% of EOY assets

0.078%

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: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,916

$104,336+60.9%

$159,495+5.3%

$86,828+93.4%

Participation rate

71.6%

77.7%-6.1pp

82.8%-11.2pp

72.3%-0.7pp

Annual return

28.22%

26.32%+1.9pp

263.72%-235.5pp

97.95%-69.7pp

Employer contribution / active EE

$88

$3,451-97.4%

$4,831-98.2%

$2,406-96.3%

Participant deferral / active EE

$8,308

$6,837+21.5%

$7,354+13.0%

$4,132+101.1%

Admin fee / account holder

$131

$172-24.1%

$10,804-98.8%

$170-22.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$34,297

FUND DIRECT ADVISORS1 year

Filed as: FUND EVALUATION GROUP, LLC

Service code 27

201 EAST FIFTH STREET SUITE 1600 · CINCINNATI, OH 45202

Advisory (Plan)

$4,318

SCHWARTZ, STEINSAPIR, ET AL2 years

Filed as: SCHWARTZ & CO INVESTMENT ADVISORS

Service code 27

3707 W MAPLE RD #3212 · BLOOMFIELD HILLS, MI 48301

Advisory (Plan)

$3,332

CLARK HILL NON-MEMBER ATTORNEYS 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARK HILL NON-MEMBER ATTORNEYS 401(K) SAVINGS 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