Retirement plan

FAEGRE DRINKER RETIREMENT SAVINGS PLAN 2

Name: FAEGRE DRINKER BIDDLE & REATH LLP - FAEGRE DRINKER RETIREMENT SAVINGS PLAN 2 (2021) Form 5500
Creator: FAEGRE DRINKER BIDDLE & REATH LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAEGRE DRINKER RETIREMENT SAVINGS PLAN 2, FAEGRE DRINKER BIDDLE & REATH LLP

FAEGRE DRINKER BIDDLE & REATH LLPEIN 41-0244008Plan #033PY 2021

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

Other plans on this EIN

5 filings

#002Retirement-$800.2M assets #005Retirement--#008Retirement--#009Retirement--#030Retirement--

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$752.6M

-65.3% from 2021

Total participants

2,020

-45.9% from 2021

Average account balance

$474,843

-45.9% from 2021

Annual return

0.00%

+24.56 pp from 2021

Benchmarks

See 813 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort813 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$772.69M

Not enough data

1 years with asset history on file

Average account balance

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

$431K

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.

1,794

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28.80M

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

+15.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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 by compensation

Provider	Service type	Compensation
COMPASS CAPITAL MANAGEMENT INC1 year Service code 26 · EIN 41-1611668	Advisory (Participants)	$76,779
RIVERBRIDGE PARTNERS1 year Filed as: RIVERBRIDGE PARTNERS LLC Service code 26 · EIN 41-1930193	Advisory (Participants)	$70,121
PRIVATE ADVISOR GROUP LLC1 year Filed as: PRIVATE CAPITAL MANAGEMENT LLC Service code 26 · EIN 37-1711781	Advisory (Participants)	$43,754
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES Service code 26 · EIN 34-1479833	Advisory (Participants)	$32,801
HURLOW WEALTH MANAGEMENT GROUP1 year Filed as: HURLOW WEALTH MGMT GROUP INC Service code 26 · EIN 36-4510648	Advisory (Participants)	$10,884
HOWELL FINANCIAL ADVISORS INC1 year Service code 26 · EIN 20-1547055	Advisory (Participants)	$9,029
GALECKI FINANCIAL1 year Filed as: GALECKI FINANCIAL MANAGEMENT I Service code 26 · EIN 20-3255637	Advisory (Participants)	$8,615
TRADITION WEALTH MANAGEMENT LLC1 year Service code 26 · EIN 42-1577774	Advisory (Participants)	$7,479
BUCKINGHAM STRATEGIC PARTNERS1 year Service code 26 · EIN 20-8307105	Advisory (Participants)	$5,991
LMCG INVESTMENTS LLC1 year Service code 26 · EIN 27-0282607	Advisory (Participants)	$5,837

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$33K

$24 / participant

Other / not subdivided$33K100.0%

% of EOY assets

0.004%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$474,843

$120,450+294.2%

$159,495+197.7%

$93,010+410.5%

Participation rate

68.8%

78.0%-9.2pp

82.8%-14.1pp

73.9%-5.1pp

Annual return

0.00%

27.11%-27.1pp

263.72%-263.7pp

158.70%-158.7pp

Employer contribution / active EE

$9,871

$3,526+180.0%

$4,831+104.3%

$2,705+264.9%

Participant deferral / active EE

$4,666

$7,283-35.9%

$7,354-36.6%

$4,561+2.3%

Admin fee / account holder

$21

$137-84.9%

$10,804-99.8%

$152-86.4%

Provider

Service type

Compensation

COMPASS CAPITAL MANAGEMENT INC1 year

Service code 26 · EIN 41-1611668

Advisory (Participants)

$76,779

RIVERBRIDGE PARTNERS1 year

Filed as: RIVERBRIDGE PARTNERS LLC

Service code 26 · EIN 41-1930193

Advisory (Participants)

$70,121

PRIVATE ADVISOR GROUP LLC1 year

Filed as: PRIVATE CAPITAL MANAGEMENT LLC

Service code 26 · EIN 37-1711781

Advisory (Participants)

$43,754

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES

Service code 26 · EIN 34-1479833

Advisory (Participants)

$32,801

HURLOW WEALTH MANAGEMENT GROUP1 year

Filed as: HURLOW WEALTH MGMT GROUP INC

Service code 26 · EIN 36-4510648

Advisory (Participants)

$10,884

HOWELL FINANCIAL ADVISORS INC1 year

Service code 26 · EIN 20-1547055

Advisory (Participants)

$9,029

GALECKI FINANCIAL1 year

Filed as: GALECKI FINANCIAL MANAGEMENT I

Service code 26 · EIN 20-3255637

Advisory (Participants)

$8,615

TRADITION WEALTH MANAGEMENT LLC1 year

Service code 26 · EIN 42-1577774

Advisory (Participants)

$7,479

BUCKINGHAM STRATEGIC PARTNERS1 year

Service code 26 · EIN 20-8307105

Advisory (Participants)

$5,991

LMCG INVESTMENTS LLC1 year

Service code 26 · EIN 27-0282607

Advisory (Participants)

$5,837

FAEGRE DRINKER RETIREMENT SAVINGS PLAN 2

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAEGRE DRINKER RETIREMENT SAVINGS PLAN 2

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