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 (2023) 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 2023

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

Other plans on this EIN

2 filings

#007Retirement-$107.6M assets #005Retirement--

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)

$1556M

+15.9% from 2022

Total participants

4,573

+0.5% from 2022

Average account balance

$370,298

+13.3% from 2022

Annual return

18.44%

+28.75 pp from 2022

Benchmarks

See 929 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort929 peers

Snapshot2023

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

See the 10-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.

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$244,364
ROTHSCHILD ASSET MANAGEMENT1 year Filed as: ROTHSCHILD INVESTMENT LLC Service code 26 · EIN 36-2708660	Advisory (Participants)	$71,957
VERDENCE CAPITAL ADVISORS LLC2 years Service code 26 · EIN 82-1548745	Advisory (Participants)	$50,567
AT INVESTMENT ADVISERS INC2 years Service code 26 · EIN 20-0822261	Advisory (Participants)	$31,501
CORIENT PRIVATE WEALTH LLC1 year Service code 26 · EIN 88-0967642	Advisory (Participants)	$24,870
KOVITZ INVESTMENT GROUP2 years Filed as: KOVITZ INVESTMENT GROUP PARTNE Service code 26 · EIN 47-5657416	Advisory (Participants)	$23,285
TUFTON CAPITAL MANAGEMENT2 years Filed as: TUFTON CAPITAL MANAGEMENT LLC Service code 26 · EIN 20-0409880	Advisory (Participants)	$21,670
FIRST REPUBLIC INVESTMENT MANA1 year Service code 26 · EIN 22-3623353	Advisory (Participants)	$7,824
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$6,115
LESLIE GALE ADVISORS LLC1 year Service code 26 · EIN 46-4408858	Advisory (Participants)	$6,031

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3F3H

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.
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

$495K

$161 / participant

Contract admin$244K49.4%
Other / not subdivided$251K50.6%

% 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

$370,298

$107,459+244.6%

$135,903+172.5%

$80,160+361.9%

Participation rate

87.9%

78.0%+9.9pp

81.9%+6.0pp

72.9%+15.0pp

Annual return

18.44%

91.91%-73.5pp

68.23%-49.8pp

40.38%-21.9pp

Employer contribution / active EE

$13,463

$3,877+247.2%

$4,856+177.2%

$2,978+352.1%

Participant deferral / active EE

$14,569

$8,195+77.8%

$7,758+87.8%

$5,017+190.4%

Admin fee / account holder

$118

$127-7.2%

$10,762-98.9%

$145-18.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$244,364

ROTHSCHILD ASSET MANAGEMENT1 year

Filed as: ROTHSCHILD INVESTMENT LLC

Service code 26 · EIN 36-2708660

Advisory (Participants)

$71,957

VERDENCE CAPITAL ADVISORS LLC2 years

Service code 26 · EIN 82-1548745

Advisory (Participants)

$50,567

AT INVESTMENT ADVISERS INC2 years

Service code 26 · EIN 20-0822261

Advisory (Participants)

$31,501

CORIENT PRIVATE WEALTH LLC1 year

Service code 26 · EIN 88-0967642

Advisory (Participants)

$24,870

KOVITZ INVESTMENT GROUP2 years

Filed as: KOVITZ INVESTMENT GROUP PARTNE

Service code 26 · EIN 47-5657416

Advisory (Participants)

$23,285

TUFTON CAPITAL MANAGEMENT2 years

Filed as: TUFTON CAPITAL MANAGEMENT LLC

Service code 26 · EIN 20-0409880

Advisory (Participants)

$21,670

FIRST REPUBLIC INVESTMENT MANA1 year

Service code 26 · EIN 22-3623353

Advisory (Participants)

$7,824

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$6,115

LESLIE GALE ADVISORS LLC1 year

Service code 26 · EIN 46-4408858

Advisory (Participants)

$6,031

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