Retirement plan

STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN

Name: STEPTOE LLP - STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: STEPTOE LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN, STEPTOE LLP

STEPTOE LLPEIN 52-1349790Plan #001PY 2023

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

Other plans on this EIN

1 filing

#007Retirement-$76.5M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$399.8M

-6.1% from 2016

Total participants

1,084

+0.3% from 2016

Average account balance

$377,525

+2.0% from 2016

Annual return

20.30%

+2.36 pp from 2016

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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 9 by compensation

Provider	Service type	Compensation
FRONTIER ASSET MANAGEMENT1 year Filed as: FRONTIER ASSET MANAGEMENT LLC Service code 26 · EIN 83-0331917	Advisory (Participants)	$60,165
CREATIVE PLANNING LLC3 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$52,775
CHARLES SCHWAB & CO., INC.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$28,369
MAY BARNHARD INVESTMENTS LLC D5 years Service code 26 · EIN 46-4044042	Advisory (Participants)	$26,218
ALPHACORE CAPITAL LLC5 years Service code 26 · EIN 47-2314998	Advisory (Participants)	$17,868
PRIVATE ADVISOR GROUP LLC1 year Service code 26 · EIN 27-3463733	Advisory (Participants)	$11,184
MESIROW FINANCIAL INVESTMENT MANAGE3 years Filed as: MESIROW FINANCIAL INVESTMENT M Service code 26 · EIN 36-3429599	Advisory (Participants)	$6,696
CHARLES SCHWAB & CO., INC.7 years Service code 33 · EIN 94-1737782	Other investment fees and expenses; S...	$3,718
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.INC. AND 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

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

$212K

$307 / participant

Recordkeeping$28K13.4%
Investment mgmt$184K86.6%

% of EOY assets

0.053%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$377,525

$95,438+295.6%

$135,998+177.6%

$74,478+406.9%

Participation rate

96.4%

78.2%+18.2pp

81.9%+14.5pp

70.7%+25.6pp

Annual return

20.30%

32.61%-12.3pp

68.37%-48.1pp

34.37%-14.1pp

Employer contribution / active EE

$12,002

$3,878+209.5%

$4,860+147.0%

$2,637+355.2%

Participant deferral / active EE

$14,848

$7,790+90.6%

$7,761+91.3%

$4,530+227.8%

Admin fee / account holder

$201

$259-22.5%

$10,769-98.1%

$347-42.2%

Provider

Service type

Compensation

FRONTIER ASSET MANAGEMENT1 year

Filed as: FRONTIER ASSET MANAGEMENT LLC

Service code 26 · EIN 83-0331917

Advisory (Participants)

$60,165

CREATIVE PLANNING LLC3 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$52,775

CHARLES SCHWAB & CO., INC.6 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$28,369

MAY BARNHARD INVESTMENTS LLC D5 years

Service code 26 · EIN 46-4044042

Advisory (Participants)

$26,218

ALPHACORE CAPITAL LLC5 years

Service code 26 · EIN 47-2314998

Advisory (Participants)

$17,868

PRIVATE ADVISOR GROUP LLC1 year

Service code 26 · EIN 27-3463733

Advisory (Participants)

$11,184

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Filed as: MESIROW FINANCIAL INVESTMENT M

Service code 26 · EIN 36-3429599

Advisory (Participants)

$6,696

CHARLES SCHWAB & CO., INC.7 years

Service code 33 · EIN 94-1737782

Other investment fees and expenses; S...

$3,718

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.INC. AND 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