Retirement plan

STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN

Name: STEPTOE & JOHNSON LLP - STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: STEPTOE & JOHNSON LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN, STEPTOE & JOHNSON LLP

STEPTOE & JOHNSON LLPEIN 52-1349790Plan #001PY 2020

1330 CONNECTICUT AVENUE, N.W. - WASHINGTON, DC 200361704202-429-3000steptoe.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

2 filings

#007Retirement-$89.9M assets #004Retirement--

Prospect flagsLow returnsHigh cashHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$402.3M

-6.1% from 2016

Total participants

1,015

+0.3% from 2016

Average account balance

$439,179

+2.0% from 2016

Annual return

14.03%

+2.36 pp from 2016

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$455.79M

Not enough data

1 years with asset history on file

Average account balance

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

$409K

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.

1,114

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+17.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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 12 by compensation

Provider	Service type	Compensation
FRONTIER ASSET MANAGEMENT3 years Service code 26 · EIN 83-0331917	Advisory (Participants)	$64,976
SULLIVAN BRUYETTE3 years Service code 26 · EIN 54-1571022	Advisory (Participants)	$48,415
ALPHACORE CAPITAL LLC2 years Service code 26 · EIN 47-2314998	Advisory (Participants)	$36,062
CIBC PRIVATE WEALTH ADVISORS I2 years Service code 26 · EIN 20-0822261	Advisory (Participants)	$30,407
FISHER INVESTMENTS3 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$30,407
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$21,111
MAY BARNHARD INVESTMENTS LLC D2 years Service code 26 · EIN 46-4044042	Advisory (Participants)	$20,970
CHARLES SCHWAB & CO., INC.4 years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$14,752
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: KLOPP INVESTMENT MANAGEMENT LL Service code 26 · EIN 34-1839736	Advisory (Participants)	$12,041
INTERWEALTH MANAGEMENT LLC3 years Service code 26 · EIN 27-4375375	Advisory (Participants)	$11,791

Plan features & details

Pension benefit codes2F2G2J2R2T3B

Plan features

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.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$262K

$380 / participant

Investment mgmt$225K85.7%
Other / not subdivided$38K14.3%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

1 / 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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$439,179

$100,801+335.7%

$149,751+193.3%

$73,415+498.2%

Participation rate

85.7%

77.7%+8.0pp

82.5%+3.2pp

72.2%+13.5pp

Annual return

14.03%

265.34%-251.3pp

276.71%-262.7pp

59.30%-45.3pp

Employer contribution / active EE

$11,509

$3,312+247.5%

$4,646+147.7%

$2,234+415.2%

Participant deferral / active EE

$12,229

$6,404+90.9%

$6,843+78.7%

$3,806+221.3%

Admin fee / account holder

$287

$181+58.5%

$9,312-96.9%

$158+81.5%

Provider

Service type

Compensation

FRONTIER ASSET MANAGEMENT3 years

Service code 26 · EIN 83-0331917

Advisory (Participants)

$64,976

SULLIVAN BRUYETTE3 years

Service code 26 · EIN 54-1571022

Advisory (Participants)

$48,415

ALPHACORE CAPITAL LLC2 years

Service code 26 · EIN 47-2314998

Advisory (Participants)

$36,062

CIBC PRIVATE WEALTH ADVISORS I2 years

Service code 26 · EIN 20-0822261

Advisory (Participants)

$30,407

FISHER INVESTMENTS3 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$30,407

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$21,111

MAY BARNHARD INVESTMENTS LLC D2 years

Service code 26 · EIN 46-4044042

Advisory (Participants)

$20,970

CHARLES SCHWAB & CO., INC.4 years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$14,752

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: KLOPP INVESTMENT MANAGEMENT LL

Service code 26 · EIN 34-1839736

Advisory (Participants)

$12,041

INTERWEALTH MANAGEMENT LLC3 years

Service code 26 · EIN 27-4375375

Advisory (Participants)

$11,791

STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEPTOE & JOHNSON 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