Retirement plan

MICHAEL BEST 401K PLAN

Name: MICHAEL BEST AND FRIEDRICH, LLP - MICHAEL BEST 401K PLAN (2020) Form 5500
Creator: MICHAEL BEST AND FRIEDRICH, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHAEL BEST 401K PLAN, MICHAEL BEST AND FRIEDRICH, LLP

MICHAEL BEST AND FRIEDRICH, LLPEIN 39-0934985Plan #001PY 2020

790 N. WATER STREET, SUITE 2500 - MILWAUKEE, WI 53202262-956-6520

Other plans on this EIN

2 filings

#003Retirement-$86.3M assets #004Retirement-$15.4M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$247.2M

+14.3% from 2019

Total participants

830

-0.5% from 2019

Average account balance

$321,011

+10.3% from 2019

Annual return

15.48%

-5.87 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$321.23M

Not enough data

1 years with asset history on file

Average account balance

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

$323K

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.

996

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.29M

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 9 by compensation

Provider	Service type	Compensation
ZIEGLER CAPITAL MANAGEMENT, LLC1 year Filed as: ZIEGLER CAPITAL MANAGEMENT LLC Service code 28 · EIN 85-0597999	Investment Management	$36,269
GOLDMAN SACHS4 years Filed as: BLACKHAWK CAPITAL PARTNERS LLC Service code 28 · EIN 45-2341486	Investment Management	$18,968
ARCATAUR CAPITAL MANAGEMENT2 years Filed as: ARCATAUR CAPITAL MANAGEMENT LLC Service code 28 · EIN 11-3662316	Investment Management	$14,896
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT M Service code 28 · EIN 36-3429599	Investment Management	$11,308
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Sales...	$10,683
JOHNSON BANK2 years Filed as: JOHNSON BANK WEALTH MANAGEMENT Service code 28 · EIN 39-1141446	Investment Management	$8,035
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$1,498
CHARLES SCHWAB & CO., INC.2 years Service code 33	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES4 years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D3H

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.
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.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$102K

$173 / participant

Investment mgmt$91K89.5%
Other / not subdivided$11K10.5%

% of EOY assets

0.041%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$321,011

$100,801+218.5%

$149,696+114.4%

$73,409+337.3%

Participation rate

89.8%

77.7%+12.1pp

82.5%+7.3pp

72.2%+17.6pp

Annual return

15.48%

265.34%-249.9pp

276.60%-261.1pp

59.29%-43.8pp

Employer contribution / active EE

$10,096

$3,312+204.9%

$4,644+117.4%

$2,234+352.0%

Participant deferral / active EE

$10,898

$6,404+70.2%

$6,842+59.3%

$3,805+186.4%

Admin fee / account holder

$132

$181-27.0%

$9,309-98.6%

$158-16.4%

Provider

Service type

Compensation

ZIEGLER CAPITAL MANAGEMENT, LLC1 year

Filed as: ZIEGLER CAPITAL MANAGEMENT LLC

Service code 28 · EIN 85-0597999

Investment Management

$36,269

GOLDMAN SACHS4 years

Filed as: BLACKHAWK CAPITAL PARTNERS LLC

Service code 28 · EIN 45-2341486

Investment Management

$18,968

ARCATAUR CAPITAL MANAGEMENT2 years

Filed as: ARCATAUR CAPITAL MANAGEMENT LLC

Service code 28 · EIN 11-3662316

Investment Management

$14,896

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT M

Service code 28 · EIN 36-3429599

Investment Management

$11,308

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Sales...

$10,683

JOHNSON BANK2 years

Filed as: JOHNSON BANK WEALTH MANAGEMENT

Service code 28 · EIN 39-1141446

Investment Management

$8,035

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO INC

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$1,498

CHARLES SCHWAB & CO., INC.2 years

Service code 33

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES4 years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

MICHAEL BEST 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHAEL BEST 401K 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