Retirement plan

STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN

Name: STEPTOE & JOHNSON LLP - STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#007Retirement-$69.9M assets

Prospect flagsHigh cashHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$345.8M

-6.1% from 2016

Total participants

1,044

+0.3% from 2016

Average account balance

$340,730

+2.0% from 2016

Annual return

-15.14%

+2.36 pp from 2016

Benchmarks

See 3,158 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,158 peers

Snapshot2022

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 by compensation

Provider	Service type	Compensation
FRONTIER ASSET MANAGEMENT5 years Service code 26 · EIN 83-0331917	Advisory (Participants)	$53,867
CREATIVE PLANNING LLC2 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$52,586
ALPHACORE CAPITAL LLC4 years Service code 26 · EIN 47-2314998	Advisory (Participants)	$36,259
MAY BARNHARD INVESTMENTS LLC D4 years Service code 26 · EIN 46-4044042	Advisory (Participants)	$27,768
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$25,704
CYPRESS PRIVATE WEALTH1 year Service code 26 · EIN 83-4143457	Advisory (Participants)	$13,217
SOWELL FINANCIAL SERVICES LLC2 years Service code 26 · EIN 02-0691794	Advisory (Participants)	$9,214
CHARLES SCHWAB & CO., INC.6 years Service code 33 · EIN 94-1737782	Float revenue; Direct payment from th...	$7,208
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INVESTMENT M Service code 26 · EIN 36-3429599	Advisory (Participants)	$6,218
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB & CO. INC. & AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2F2G2J2R2S2T3B

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.
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

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

$244K

$365 / participant

Investment mgmt$202K83.0%
Other / not subdivided$41K17.0%

% of EOY assets

0.070%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$340,730

$82,188+314.6%

$125,401+171.7%

$64,829+425.6%

Participation rate

95.7%

77.9%+17.8pp

82.4%+13.3pp

71.5%+24.2pp

Annual return

-15.14%

3.50%-18.6pp

572.53%-587.7pp

32.85%-48.0pp

Employer contribution / active EE

$11,717

$3,617+223.9%

$4,816+143.3%

$2,507+367.4%

Participant deferral / active EE

$13,857

$7,177+93.1%

$7,448+86.0%

$4,312+221.4%

Admin fee / account holder

$240

$163+47.1%

$10,008-97.6%

$188+27.8%

Provider

Service type

Compensation

FRONTIER ASSET MANAGEMENT5 years

Service code 26 · EIN 83-0331917

Advisory (Participants)

$53,867

CREATIVE PLANNING LLC2 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$52,586

ALPHACORE CAPITAL LLC4 years

Service code 26 · EIN 47-2314998

Advisory (Participants)

$36,259

MAY BARNHARD INVESTMENTS LLC D4 years

Service code 26 · EIN 46-4044042

Advisory (Participants)

$27,768

CHARLES SCHWAB & CO., INC.5 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$25,704

CYPRESS PRIVATE WEALTH1 year

Service code 26 · EIN 83-4143457

Advisory (Participants)

$13,217

SOWELL FINANCIAL SERVICES LLC2 years

Service code 26 · EIN 02-0691794

Advisory (Participants)

$9,214

CHARLES SCHWAB & CO., INC.6 years

Service code 33 · EIN 94-1737782

Float revenue; Direct payment from th...

$7,208

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INVESTMENT M

Service code 26 · EIN 36-3429599

Advisory (Participants)

$6,218

CHARLES SCHWAB & CO., INC.5 years

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

Service code 59

Shareholder Servicing

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