Retirement plan

FAEGRE BAKER DANIELS RETIREMENT SAVINGS PLAN

Name: FAEGRE DRINKER BIDDLE & REATH LLP - FAEGRE BAKER DANIELS RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: FAEGRE DRINKER BIDDLE & REATH LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAEGRE BAKER DANIELS RETIREMENT SAVINGS PLAN, FAEGRE DRINKER BIDDLE & REATH LLP

FAEGRE DRINKER BIDDLE & REATH LLPEIN 41-0244008Plan #002PY 2020

2200 WELLS FARGO CENTER, 90 SOUTH 7TH STREET - MINNEAPOLIS, MN 55402612-766-7000

Other plans on this EIN

4 filings

#005Retirement-$354.9M assets #030Retirement-$296.8M assets #009Retirement-$23.4M assets #008Retirement-$23.4M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$767.9M

-4.7% from 2016

Total participants

1,940

+1.1% from 2016

Average account balance

$447,511

-5.3% from 2016

Annual return

15.94%

-6.69 pp from 2016

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$768.21M

Not enough data

1 years with asset history on file

Average account balance

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

$415K

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.

1,850

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.

91.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 10 of 18 by compensation

Provider	Service type	Compensation
COMPASS CAPITAL MANAGEMENT INC1 year Service code 26 · EIN 41-1611668	Advisory (Participants)	$112,647
CHARLES SCHWAB & CO., INC.1 year Service code 26 · EIN 94-1737782	Advisory (Participants)	$110,745
RIVERBRIDGE PARTNERS6+ years Filed as: RIVERBRIDGE PARTNERS LLC Service code 26 · EIN 41-1930193	Advisory (Participants)	$79,162
PRIVATE ADVISOR GROUP LLC3 years Filed as: PRIVATE CAPITAL MANAGEMENT LLC Service code 26 · EIN 37-1711781	Advisory (Participants)	$31,160
ALLODIUM INVESTMENT CONSULTANT5 years Service code 26 · EIN 20-2593707	Advisory (Participants)	$20,962
OBERMEYER WOOD INVESTMENT COUN1 year Filed as: OBERMEYER WOOD INVESTMENT Service code 26 · EIN 47-1971924	Advisory (Participants)	$20,690
SAVANT CAPITAL MANAGEMENT1 year Filed as: SAVANT CAPITAL LLC Service code 26 · EIN 36-3859937	Advisory (Participants)	$19,905
CAPITAL MGMT SERVICES INC1 year Service code 26 · EIN 43-1410129	Advisory (Participants)	$17,211
SNS FINANCIAL GROUP LLC3 years Service code 26 · EIN 27-1489903	Advisory (Participants)	$11,194
BUCKINGHAM STRATEGIC PARTNERS1 year Service code 26 · EIN 20-8307105	Advisory (Participants)	$10,849

Plan features & details

Pension benefit codes2E2F2G2J2R2T3B

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$111K

$82 / participant

Other / not subdivided$111K100.0%

% of EOY assets

0.014%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$447,511

$127,481+251.0%

$149,751+198.8%

$90,274+395.7%

Participation rate

83.4%

78.2%+5.2pp

82.5%+0.9pp

73.4%+10.0pp

Annual return

15.94%

57.78%-41.8pp

276.71%-260.8pp

53.97%-38.0pp

Employer contribution / active EE

$12,068

$3,448+250.0%

$4,646+159.8%

$2,523+378.2%

Participant deferral / active EE

$10,470

$6,975+50.1%

$6,843+53.0%

$4,231+147.5%

Admin fee / account holder

$65

$152-57.4%

$9,312-99.3%

$114-43.4%

Provider

Service type

Compensation

COMPASS CAPITAL MANAGEMENT INC1 year

Service code 26 · EIN 41-1611668

Advisory (Participants)

$112,647

CHARLES SCHWAB & CO., INC.1 year

Service code 26 · EIN 94-1737782

Advisory (Participants)

$110,745

RIVERBRIDGE PARTNERS6+ years

Filed as: RIVERBRIDGE PARTNERS LLC

Service code 26 · EIN 41-1930193

Advisory (Participants)

$79,162

PRIVATE ADVISOR GROUP LLC3 years

Filed as: PRIVATE CAPITAL MANAGEMENT LLC

Service code 26 · EIN 37-1711781

Advisory (Participants)

$31,160

ALLODIUM INVESTMENT CONSULTANT5 years

Service code 26 · EIN 20-2593707

Advisory (Participants)

$20,962

OBERMEYER WOOD INVESTMENT COUN1 year

Filed as: OBERMEYER WOOD INVESTMENT

Service code 26 · EIN 47-1971924

Advisory (Participants)

$20,690

SAVANT CAPITAL MANAGEMENT1 year

Filed as: SAVANT CAPITAL LLC

Service code 26 · EIN 36-3859937

Advisory (Participants)

$19,905

CAPITAL MGMT SERVICES INC1 year

Service code 26 · EIN 43-1410129

Advisory (Participants)

$17,211

SNS FINANCIAL GROUP LLC3 years

Service code 26 · EIN 27-1489903

Advisory (Participants)

$11,194

BUCKINGHAM STRATEGIC PARTNERS1 year

Service code 26 · EIN 20-8307105

Advisory (Participants)

$10,849

FAEGRE BAKER DANIELS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAEGRE BAKER DANIELS RETIREMENT 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