Retirement plan

DORSEY & WHITNEY 401(K) RETIREMENT AND SAVINGS PLAN

Name: DORSEY & WHITNEY LLP - DORSEY & WHITNEY 401(K) RETIREMENT AND SAVINGS PLAN (2017) Form 5500
Creator: DORSEY & WHITNEY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DORSEY & WHITNEY 401(K) RETIREMENT AND SAVINGS PLAN, DORSEY & WHITNEY LLP

DORSEY & WHITNEY LLPEIN 41-0223337Plan #003PY 2017

50 S. 6TH ST SUITE 1500 - MINNEAPOLIS, MN 554021498612-492-5195dorsey.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

2 filings

#006Retirement-$29.3M assets #005Retirement-$21.2M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$460.1M

-8.1% from 2016

Total participants

1,660

+0.5% from 2016

Average account balance

$283,342

-8.0% from 2016

Annual return

17.24%

-9.21 pp from 2016

Benchmarks

See 662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort662 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$678.64M

Not enough data

1 years with asset history on file

Average account balance

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

$358K

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.

1,897

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+14.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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 6 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT3+ years Service code 26 60 S. 6TH STREET · MINNEAPOLIS, MN 55402	Advisory (Participants)	$152,668
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$119,803
RIVERBRIDGE PARTNERS3+ years Filed as: RIVERBRIDGE PARTNERS, LLC Service code 26 · EIN 41-1930193	Advisory (Participants)	$32,931
MAIRS & POWER, INC.3+ years Filed as: MAIRS & POWER, INC Service code 26 · EIN 41-0844499	Advisory (Participants)	$27,234
BAIRD FUNDS3+ years Filed as: ROBERT W. BAIRD & CO. Service code 26 · EIN 39-6037917	Advisory (Participants)	$10,691
DOUGHERTY & COMPANY2 years Filed as: DOUGHERTY & COMPANY LLC Service code 26 · EIN 41-8883794	Advisory (Participants)	$6,603

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B

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.

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$331K

$312 / participant

Other / not subdivided$331K100.0%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

0 / 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: BOULAY PLLP
Auditor EIN: 410887288
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$283,342

$96,458+193.7%

$136,298+107.9%

$77,958+263.5%

Participation rate

96.6%

75.4%+21.2pp

81.9%+14.7pp

71.6%+25.0pp

Annual return

17.24%

23.78%-6.5pp

5156.27%-5139.0pp

20.87%-3.6pp

Employer contribution / active EE

$10,916

$3,144+247.2%

$4,696+132.5%

$2,310+372.4%

Participant deferral / active EE

$9,804

$5,902+66.1%

$6,247+56.9%

$3,537+177.2%

Admin fee / account holder

$204

$80+153.5%

$9,244-97.8%

$97+109.4%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT3+ years

Service code 26

60 S. 6TH STREET · MINNEAPOLIS, MN 55402

Advisory (Participants)

$152,668

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$119,803

RIVERBRIDGE PARTNERS3+ years

Filed as: RIVERBRIDGE PARTNERS, LLC

Service code 26 · EIN 41-1930193

Advisory (Participants)

$32,931

MAIRS & POWER, INC.3+ years

Filed as: MAIRS & POWER, INC

Service code 26 · EIN 41-0844499

Advisory (Participants)

$27,234

BAIRD FUNDS3+ years

Filed as: ROBERT W. BAIRD & CO.

Service code 26 · EIN 39-6037917

Advisory (Participants)

$10,691

DOUGHERTY & COMPANY2 years

Filed as: DOUGHERTY & COMPANY LLC

Service code 26 · EIN 41-8883794

Advisory (Participants)

$6,603

DORSEY & WHITNEY 401(K) RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DORSEY & WHITNEY 401(K) RETIREMENT AND 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