Retirement plan

WILLIAMS & CONNOLLY LLP SAVINGS PLAN AND TRUST

Name: WILLIAMS & CONNOLLY LLP - WILLIAMS & CONNOLLY LLP SAVINGS PLAN AND TRUST (2023) Form 5500
Creator: WILLIAMS & CONNOLLY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAMS & CONNOLLY LLP SAVINGS PLAN AND TRUST, WILLIAMS & CONNOLLY LLP

WILLIAMS & CONNOLLY LLPEIN 52-0851221Plan #003PY 2023

680 MAINE AVE SW - WASHINGTON, DC 20024202-434-5000wc.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

3 filings

#002Retirement-$255.4M assets #006Retirement-$96.0M assets #004Retirement-$63.0M assets

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$146.5M

+20.9% from 2022

Total participants

719

+4.8% from 2022

Average account balance

$466,548

+22.8% from 2022

Annual return

18.42%

+32.77 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$162.36M

Not enough data

1 years with asset history on file

Average account balance

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

$517K

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.

314

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.

37.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$724

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 of 11 by compensation

Provider	Service type	Compensation
WMS PARTNERS, LLC4 years Service code 26 · EIN 52-1852466	Advisory (Participants)	$71,462
JPMORGAN INVEST HOLDINGS LLC3 years Filed as: CHEVY CHASE TRUST COMPANY Service code 26 · EIN 52-2037618	Advisory (Participants)	$58,032
APEXIUM FINANCIAL LP3 years Service code 26 · EIN 47-4515025	Advisory (Participants)	$44,122
CHARLES SCHWAB & CO., INC.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$32,709
WITHUMSMITH+BROWN, PC3 years Filed as: BROWN ADVISORY LLC Service code 26 · EIN 26-4560299	Advisory (Participants)	$18,612
BRIDGEWATER6 years Filed as: BRIDGEWATER ADVISORS INC Service code 26 · EIN 13-3666115	Advisory (Participants)	$18,333
KLINGMAN & ASSOCIATES, LLC2 years Filed as: KLINGMAN AND ASSOCIATES LLC Service code 26 · EIN 06-1612508	Advisory (Participants)	$12,917
GLASSMAN WEALTH SERVICES LLC6 years Service code 26 · EIN 27-0896966	Advisory (Participants)	$10,730
LEEWARD FINANCIAL PARTNERS LLC5 years Service code 26 · EIN 82-1531856	Advisory (Participants)	$8,472
JP MORGAN INVESTMENT MANAGEMENT INC5 years Filed as: CORBYN INVESTMENT MANAGEMENT INC Service code 26 · EIN 52-0964322	Advisory (Participants)	$6,136

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$157K

$243 / participant

Recordkeeping$3K1.7%
Investment mgmt$154K98.3%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$466,548

$95,417+389.0%

$135,974+243.1%

$74,460+526.6%

Participation rate

37.2%

78.2%-41.0pp

81.9%-44.7pp

70.7%-33.5pp

Annual return

18.42%

32.76%-14.3pp

68.30%-49.9pp

34.38%-16.0pp

Employer contribution / active EE

$3,878-100.0%

$4,859-100.0%

$2,638-100.0%

Participant deferral / active EE

$7,065

$7,789-9.3%

$7,760-9.0%

$4,530+56.0%

Admin fee / account holder

$499

$266+87.4%

$10,767-95.4%

$348+43.4%

Provider

Service type

Compensation

WMS PARTNERS, LLC4 years

Service code 26 · EIN 52-1852466

Advisory (Participants)

$71,462

JPMORGAN INVEST HOLDINGS LLC3 years

Filed as: CHEVY CHASE TRUST COMPANY

Service code 26 · EIN 52-2037618

Advisory (Participants)

$58,032

APEXIUM FINANCIAL LP3 years

Service code 26 · EIN 47-4515025

Advisory (Participants)

$44,122

CHARLES SCHWAB & CO., INC.6 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$32,709

WITHUMSMITH+BROWN, PC3 years

Filed as: BROWN ADVISORY LLC

Service code 26 · EIN 26-4560299

Advisory (Participants)

$18,612

BRIDGEWATER6 years

Filed as: BRIDGEWATER ADVISORS INC

Service code 26 · EIN 13-3666115

Advisory (Participants)

$18,333

KLINGMAN & ASSOCIATES, LLC2 years

Filed as: KLINGMAN AND ASSOCIATES LLC

Service code 26 · EIN 06-1612508

Advisory (Participants)

$12,917

GLASSMAN WEALTH SERVICES LLC6 years

Service code 26 · EIN 27-0896966

Advisory (Participants)

$10,730

LEEWARD FINANCIAL PARTNERS LLC5 years

Service code 26 · EIN 82-1531856

Advisory (Participants)

$8,472

JP MORGAN INVESTMENT MANAGEMENT INC5 years

Filed as: CORBYN INVESTMENT MANAGEMENT INC

Service code 26 · EIN 52-0964322

Advisory (Participants)

$6,136

WILLIAMS & CONNOLLY LLP SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAMS & CONNOLLY LLP SAVINGS PLAN AND TRUST

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