Retirement plan

VENABLE LLP 401(K) PLAN B

Name: VENABLE LLP - VENABLE LLP 401(K) PLAN B (2023) Form 5500
Creator: VENABLE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VENABLE LLP 401(K) PLAN B, VENABLE LLP

VENABLE LLPEIN 52-0517250Plan #004PY 2023

750 E. PRATT STREET, SUITE 900 - BALTIMORE, MD 21202202-344-8090

Other plans on this EIN

3 filings

#003Retirement-$629.2M assets #006Retirement-$53.5M assets #005Retirement-$53.5M assets

Prospect flagsRecently cancelled planLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

$704K

-99.6% from 2022

Total participants

-100.0% from 2022

Average account balance

-100.0% from 2022

Annual return

-97.80%

-83.80 pp from 2022

Benchmarks

See 139,965 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,965 peers

Snapshot2023

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.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$704K

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

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

Not enough data

0 years with headcount on file

Eligible Participants and Participation

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

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-97.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 9-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 7 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.9+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$107,236
ROCATON INVESTMENT ADVISORS, LLC9+ years Service code 28 · EIN 04-3638035	Investment Management	$33,947
STOUT, CAUSEY & HORNING, P.A.2 years Filed as: STOUT CAUSEY & HORNING PA Service code 10 · EIN 52-1743645	Accounting	$27,700
THOMA CAPITAL MANAGEMENT LLC9+ years Service code 26 · EIN 52-2153736	Advisory (Participants)	$13,393
POINTER FINANCIAL ADVISORS LLC1 year Service code 26 · EIN 93-1936612	Advisory (Participants)	$10,265
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$173
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$194K

Recordkeeping$92K47.5%
Investment mgmt$74K38.2%
Contract admin$28K14.3%

% of EOY assets

27.507%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SC&H ATTEST SERVICES,P.C
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$148,534-100.0%

$135,903-100.0%

$139,434-100.0%

Participation rate

0.0%

83.9%-83.9pp

81.9%-81.9pp

80.3%-80.3pp

Annual return

-97.80%

79.19%-177.0pp

68.23%-166.0pp

372.94%-470.7pp

Employer contribution / active EE

$5,243-100.0%

$4,856-100.0%

$4,751-100.0%

Participant deferral / active EE

$8,100-100.0%

$7,758-100.0%

$6,710-100.0%

Admin fee / account holder

$12,400-100.0%

$10,762-100.0%

$11,403-100.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.9+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$107,236

ROCATON INVESTMENT ADVISORS, LLC9+ years

Service code 28 · EIN 04-3638035

Investment Management

$33,947

STOUT, CAUSEY & HORNING, P.A.2 years

Filed as: STOUT CAUSEY & HORNING PA

Service code 10 · EIN 52-1743645

Accounting

$27,700

THOMA CAPITAL MANAGEMENT LLC9+ years

Service code 26 · EIN 52-2153736

Advisory (Participants)

$13,393

POINTER FINANCIAL ADVISORS LLC1 year

Service code 26 · EIN 93-1936612

Advisory (Participants)

$10,265

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$173

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

VENABLE LLP 401(K) PLAN B

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VENABLE LLP 401(K) PLAN B

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