Retirement plan

DLA PIPER LLP (US) PROFIT SHARING AND 401(K) SAVINGS PLAN

Name: DLA PIPER LLP (US) - DLA PIPER LLP (US) PROFIT SHARING AND 401(K) SAVINGS PLAN (2024) Form 5500
Creator: DLA PIPER LLP (US)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DLA PIPER LLP (US) PROFIT SHARING AND 401(K) SAVINGS PLAN, DLA PIPER LLP (US)

DLA PIPER LLP (US)EIN 52-0616490Plan #004PY 2024

650 S EXETER ST STE 1100 - BALTIMORE, MD 212024576410-580-3000LinkedIn1001-5000 employeeslegal services

Other plans on this EIN

1 filing

#007Retirement-$184.2M assets

Prospect flagsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed October 13, 2021

Plan administrator

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6225 Smith Avenue

Baltimore, MD 21209

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Plans declared (1)

DLA Piper LLP (US) Deferred Compensation Plan13 emp

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Total assets (EOY)

$1741M

+11.9% from 2023

Total participants

4,436

-3.0% from 2023

Average account balance

$419,413

+13.3% from 2023

Annual return

15.73%

-2.71 pp from 2023

Benchmarks

See 951 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort951 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.74B

Not enough data

1 years with asset history on file

Average account balance

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

$419K

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.

4,151

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+15.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$255,980
VERDENCE CAPITAL ADVISORS LLC3 years Service code 26 · EIN 82-1548745	Advisory (Participants)	$54,961
ROTHSCHILD ASSET MANAGEMENT2 years Filed as: ROTHSCHILD INVESTMENT LLC Service code 26 · EIN 36-2708660	Advisory (Participants)	$40,079
AT INVESTMENT ADVISERS INC3 years Service code 26 · EIN 20-0822261	Advisory (Participants)	$34,276
CORIENT PRIVATE WEALTH LLC2 years Service code 26 · EIN 88-0967642	Advisory (Participants)	$34,270
KOVITZ INVESTMENT GROUP3 years Filed as: KOVITZ INVESTMENT GROUP PARTNE Service code 26 · EIN 47-5657416	Advisory (Participants)	$28,247
TUFTON CAPITAL MANAGEMENT3 years Filed as: TUFTON CAPITAL MANAGEMENT LLC Service code 26 · EIN 20-0409880	Advisory (Participants)	$24,094
WMS PARTNERS, LLC2 years Filed as: WMS PARTNERS LLC Service code 26 · EIN 52-1852466	Advisory (Participants)	$24,080
SENECA1 year Filed as: SENECA FINANCIAL ADVISORS LLC Service code 26 · EIN 26-2410135	Advisory (Participants)	$16,455
ONE CAPITAL MANAGEMENT LLC1 year Service code 26 · EIN 95-4873328	Advisory (Participants)	$12,995

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D3F3H

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$549K

$180 / participant

Contract admin$261K47.6%
Other / not subdivided$288K52.4%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

1 / 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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$419,413

$122,186+243.3%

$146,958+185.4%

$199,593+110.1%

Participation rate

90.6%

78.3%+12.3pp

82.2%+8.5pp

72.0%+18.7pp

Annual return

15.73%

30.56%-14.8pp

418.34%-402.6pp

34.25%-18.5pp

Employer contribution / active EE

$14,473

$4,093+253.6%

$4,933+193.4%

$3,034+377.0%

Participant deferral / active EE

$15,818

$8,502+86.0%

$8,070+96.0%

$5,087+211.0%

Admin fee / account holder

$132

$179-26.0%

$12,998-99.0%

$269-50.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$255,980

VERDENCE CAPITAL ADVISORS LLC3 years

Service code 26 · EIN 82-1548745

Advisory (Participants)

$54,961

ROTHSCHILD ASSET MANAGEMENT2 years

Filed as: ROTHSCHILD INVESTMENT LLC

Service code 26 · EIN 36-2708660

Advisory (Participants)

$40,079

AT INVESTMENT ADVISERS INC3 years

Service code 26 · EIN 20-0822261

Advisory (Participants)

$34,276

CORIENT PRIVATE WEALTH LLC2 years

Service code 26 · EIN 88-0967642

Advisory (Participants)

$34,270

KOVITZ INVESTMENT GROUP3 years

Filed as: KOVITZ INVESTMENT GROUP PARTNE

Service code 26 · EIN 47-5657416

Advisory (Participants)

$28,247

TUFTON CAPITAL MANAGEMENT3 years

Filed as: TUFTON CAPITAL MANAGEMENT LLC

Service code 26 · EIN 20-0409880

Advisory (Participants)

$24,094

WMS PARTNERS, LLC2 years

Filed as: WMS PARTNERS LLC

Service code 26 · EIN 52-1852466

Advisory (Participants)

$24,080

SENECA1 year

Filed as: SENECA FINANCIAL ADVISORS LLC

Service code 26 · EIN 26-2410135

Advisory (Participants)

$16,455

ONE CAPITAL MANAGEMENT LLC1 year

Service code 26 · EIN 95-4873328

Advisory (Participants)

$12,995

DLA PIPER LLP (US) PROFIT SHARING AND 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DLA PIPER LLP (US) PROFIT SHARING AND 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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