Retirement plan

NELSON MULLINS RETIREMENT PLAN

Name: NELSON MULLINS RILEY & SCARBOROUGH LLP - NELSON MULLINS RETIREMENT PLAN (2023) Form 5500
Creator: NELSON MULLINS RILEY & SCARBOROUGH LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NELSON MULLINS RETIREMENT PLAN, NELSON MULLINS RILEY & SCARBOROUGH LLP

NELSON MULLINS RILEY & SCARBOROUGH LLPEIN 57-0215445Plan #002PY 2023

1320 MAIN STREET 17TH FLOOR - COLUMBIA, SC 29201803-799-2000nelsonmullins.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$119.4M assets

Prospect flagsLow returnsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$617.4M

+17.3% from 2022

Total participants

2,478

+4.1% from 2022

Average account balance

$258,216

+11.1% from 2022

Annual return

17.29%

+32.45 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

$751.39M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

2,701

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$312

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 17 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.9+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$189,627
ABACUS PLANNING GROUP INC6 years Service code 26 · EIN 56-2074442	Advisory (Participants)	$185,167
CCM INVESTMENT ADVISERS LLC7 years Service code 26 · EIN 57-1127313	Advisory (Participants)	$83,055
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON INVESTMENT SRVCS INC Service code 28 · EIN 52-1868818	Investment Management	$80,502
LMCG INVESTMENTS LLC9+ years Service code 26 · EIN 27-0282607	Advisory (Participants)	$53,564
V M MANNING & CO INC9+ years Service code 26 · EIN 57-0402697	Advisory (Participants)	$52,326
BALENTINE LLC5 years Service code 28 · EIN 27-1403339	Investment Management	$45,032
BUCKHEAD CAPITAL MANAGEMENT LLC1 year Filed as: BUCKHEAD CAPITAL MANAGEMENT LL Service code 26 · EIN 58-2552872	Advisory (Participants)	$35,002
COMMONWEALTH FINANCIAL NETWORK4 years Filed as: COMMONWEALTH EQUITY SERVICES I Service code 26 · EIN 04-2675571	Advisory (Participants)	$22,290
PATTON ALBERTSON MILLER GROUP5 years Service code 26 · EIN 47-4746562	Advisory (Participants)	$21,189

Plan features & details

Pension benefit codes2A2E2F2G2J2R2S2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$848K

$489 / participant

Recordkeeping$112K13.2%
Investment mgmt$736K86.8%

% of EOY assets

0.137%

all-in expense ratio

Categories reported

2 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$258,216

$107,459+140.3%

$135,903+90.0%

$80,160+222.1%

Participation rate

95.0%

78.0%+16.9pp

81.9%+13.1pp

72.9%+22.0pp

Annual return

17.29%

91.91%-74.6pp

68.23%-50.9pp

40.38%-23.1pp

Employer contribution / active EE

$9,822

$3,877+153.3%

$4,856+102.3%

$2,978+229.8%

Participant deferral / active EE

$11,751

$8,195+43.4%

$7,758+51.5%

$5,017+134.2%

Admin fee / account holder

$355

$127+179.5%

$10,762-96.7%

$145+144.8%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.9+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$189,627

ABACUS PLANNING GROUP INC6 years

Service code 26 · EIN 56-2074442

Advisory (Participants)

$185,167

CCM INVESTMENT ADVISERS LLC7 years

Service code 26 · EIN 57-1127313

Advisory (Participants)

$83,055

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON INVESTMENT SRVCS INC

Service code 28 · EIN 52-1868818

Investment Management

$80,502

LMCG INVESTMENTS LLC9+ years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$53,564

V M MANNING & CO INC9+ years

Service code 26 · EIN 57-0402697

Advisory (Participants)

$52,326

BALENTINE LLC5 years

Service code 28 · EIN 27-1403339

Investment Management

$45,032

BUCKHEAD CAPITAL MANAGEMENT LLC1 year

Filed as: BUCKHEAD CAPITAL MANAGEMENT LL

Service code 26 · EIN 58-2552872

Advisory (Participants)

$35,002

COMMONWEALTH FINANCIAL NETWORK4 years

Filed as: COMMONWEALTH EQUITY SERVICES I

Service code 26 · EIN 04-2675571

Advisory (Participants)

$22,290

PATTON ALBERTSON MILLER GROUP5 years

Service code 26 · EIN 47-4746562

Advisory (Participants)

$21,189

NELSON MULLINS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NELSON MULLINS RETIREMENT 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