Retirement plan

KUTAK ROCK LLP 401(K) PROFIT SHARING PLAN

Name: KUTAK ROCK LLP - KUTAK ROCK LLP 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: KUTAK ROCK LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KUTAK ROCK LLP 401(K) PROFIT SHARING PLAN, KUTAK ROCK LLP

KUTAK ROCK LLPEIN 47-0597598Plan #001PY 2016

1650 FARNAM ST - OMAHA, NE 681022186402-346-6000kutakrock.comLinkedIn501-1000 employeeslaw practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$267.2M

-12.0% from 2016

Total participants

1,081

-0.2% from 2016

Average account balance

$270,739

-10.7% from 2016

Annual return

10.12%

-11.09 pp from 2016

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

Participant deferral / active EE

$8,149

median $5,021

Employer contribution / active EE

$11,838

median $1,753

Participation rate

89.7%

median 85.1%

Avg account balance

$270,739

median $49,347

Admin fee / account holder

$482

median $43

Annual return

10.12%

median 9.13%

Overall peer rank

64of 100

64th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$535.79M

Average account balance

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

$463K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,157

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

88.5%

Contributions (total)

Employer and participant dollars contributed each year

$27.34M

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.01%

Admin fee / account holder

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

$255

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
FIRST NATIONAL BANK OF OMAHA2+ years Service code 15 · EIN 47-0259043	Recordkeeping	$321,311
KARSTENS INVESTMENT COUNSEL, INC.2+ years Service code 27 10250 REGENCY CIRCLE · OMAHA, NE 681144301	Advisory (Plan)	$65,471
JOHNSON BANK2+ years Filed as: JOHNSON FINANCIAL GROUP Service code 27 · EIN 03-0375265	Advisory (Plan)	$42,115
GV FINANCIAL ADVISORS2+ years Filed as: GV FINANCIAL, ADVISORS INC Service code 27 1100 ABERNATHY RD · ATLANTA, GA 303285646	Advisory (Plan)	$13,682
RBC WEALTH MANAGEMENT2+ years Service code 50 · EIN 41-1416330	Direct Payment	$8,431
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: BRIDGES INVESTMENT MANAGEMENT Service code 50 8401 WEST DODGE RD · OMAHA, NE 68114	Direct Payment	$7,821
AMERICA FIRST INVESTMENT ADVISORS2+ years Filed as: AMERICA FIRST INVESTMENT ADVISORS L Service code 27 · EIN 47-6197829	Advisory (Plan)	$5,552
GV FINANCIAL ADVISORS1 year Filed as: JOYN ADVISORS Service code 27 1100 ABERNATHY RD NE · ATLANTA, GA 30328	Advisory (Plan)	$4,915

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$475K

$522 / participant

Investment mgmt$264K55.5%
Contract admin$211K44.3%
Other / not subdivided$1K0.2%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

2 / 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: SEIM JOHNSON, LLP
Auditor EIN: 476097913
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$270,739

$80,177+237.7%

$123,894+118.5%

$57,661+369.5%

Participation rate

89.7%

74.4%+15.2pp

81.4%+8.3pp

70.2%+19.5pp

Annual return

10.12%

17.90%-7.8pp

47.52%-37.4pp

5.13%+5.0pp

Employer contribution / active EE

$11,838

$2,913+306.4%

$4,617+156.4%

$1,974+499.7%

Participant deferral / active EE

$8,149

$5,130+58.8%

$5,984+36.2%

$3,061+166.2%

Admin fee / account holder

$482

$106+353.0%

$8,357-94.2%

$95+409.4%

Provider

Service type

Compensation

FIRST NATIONAL BANK OF OMAHA2+ years

Service code 15 · EIN 47-0259043

Recordkeeping

$321,311

KARSTENS INVESTMENT COUNSEL, INC.2+ years

Service code 27

10250 REGENCY CIRCLE · OMAHA, NE 681144301

Advisory (Plan)

$65,471

JOHNSON BANK2+ years

Filed as: JOHNSON FINANCIAL GROUP

Service code 27 · EIN 03-0375265

Advisory (Plan)

$42,115

GV FINANCIAL ADVISORS2+ years

Filed as: GV FINANCIAL, ADVISORS INC

Service code 27

1100 ABERNATHY RD · ATLANTA, GA 303285646

Advisory (Plan)

$13,682

RBC WEALTH MANAGEMENT2+ years

Service code 50 · EIN 41-1416330

Direct Payment

$8,431

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: BRIDGES INVESTMENT MANAGEMENT

Service code 50

8401 WEST DODGE RD · OMAHA, NE 68114

Direct Payment

$7,821

AMERICA FIRST INVESTMENT ADVISORS2+ years

Filed as: AMERICA FIRST INVESTMENT ADVISORS L

Service code 27 · EIN 47-6197829

Advisory (Plan)

$5,552

GV FINANCIAL ADVISORS1 year

Filed as: JOYN ADVISORS

Service code 27

1100 ABERNATHY RD NE · ATLANTA, GA 30328

Advisory (Plan)

$4,915

KUTAK ROCK LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KUTAK ROCK LLP 401(K) PROFIT SHARING 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