Retirement plan

KING & SPALDING LLP PROFIT SHARING - 401(K) PLAN

Name: KING & SPALDING LLP - KING & SPALDING LLP PROFIT SHARING - 401(K) PLAN (2016) Form 5500
Creator: KING & SPALDING LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KING & SPALDING LLP PROFIT SHARING - 401(K) PLAN, KING & SPALDING LLP

KING & SPALDING LLPEIN 58-0520153Plan #001PY 2016

1180 PEACHTREE ST NE - ATLANTA, GA 303093521404-572-4843kslaw.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$58.1M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$585.9M

-7.7% from 2016

Total participants

2,454

-4.0% from 2016

Average account balance

$240,727

-3.6% from 2016

Annual return

8.55%

-5.05 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort664 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.27B

Not enough data

1 years with asset history on file

Average account balance

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

$403K

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.

3,155

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 17 by compensation

Provider	Service type	Compensation
SIGNATUREFD LLC2+ years Filed as: SIGNATURED LLC Service code 26 · EIN 58-2323085	Advisory (Participants)	$245,829
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$160,395
ZWJ INVESTMENT COUNSEL INC2+ years Service code 26 · EIN 58-1434494	Advisory (Participants)	$113,825
MORGAN STANLEY SMITH BARNEY2+ years Service code 28 · EIN 26-4310632	Investment Management	$80,390
ACADEMY CAPITAL MANAGEMENT2+ years Service code 26 · EIN 74-2411461	Advisory (Participants)	$51,924
A MONTAG & ASSOCIATES, INC.1 year Filed as: A MONTAG & ASSOCIATES INC Service code 26 · EIN 58-2069838	Advisory (Participants)	$36,264
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$33,433
DEFENDER CAPITAL2+ years Service code 26 · EIN 45-3447644	Advisory (Participants)	$21,901
KAYS FINANCIAL ADVISORY CORP2+ years Service code 26 · EIN 58-1619177	Advisory (Participants)	$20,547
FCA CORP2+ years Service code 26 · EIN 76-0076528	Advisory (Participants)	$14,554

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$242K

$147 / participant

Investment mgmt$80K33.3%
Other / not subdivided$161K66.7%

% of EOY assets

0.041%

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: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$240,727

$85,635+181.1%

$123,894+94.3%

$63,975+276.3%

Participation rate

98.8%

74.9%+23.9pp

81.4%+17.4pp

71.1%+27.7pp

Annual return

8.55%

15.74%-7.2pp

47.52%-39.0pp

48.65%-40.1pp

Employer contribution / active EE

$10,177

$3,076+230.8%

$4,617+120.4%

$2,182+366.5%

Participant deferral / active EE

$12,653

$5,667+123.3%

$5,984+111.4%

$3,356+277.0%

Admin fee / account holder

$99

$75+32.5%

$8,357-98.8%

$70+40.9%

Provider

Service type

Compensation

SIGNATUREFD LLC2+ years

Filed as: SIGNATURED LLC

Service code 26 · EIN 58-2323085

Advisory (Participants)

$245,829

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$160,395

ZWJ INVESTMENT COUNSEL INC2+ years

Service code 26 · EIN 58-1434494

Advisory (Participants)

$113,825

MORGAN STANLEY SMITH BARNEY2+ years

Service code 28 · EIN 26-4310632

Investment Management

$80,390

ACADEMY CAPITAL MANAGEMENT2+ years

Service code 26 · EIN 74-2411461

Advisory (Participants)

$51,924

A MONTAG & ASSOCIATES, INC.1 year

Filed as: A MONTAG & ASSOCIATES INC

Service code 26 · EIN 58-2069838

Advisory (Participants)

$36,264

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$33,433

DEFENDER CAPITAL2+ years

Service code 26 · EIN 45-3447644

Advisory (Participants)

$21,901

KAYS FINANCIAL ADVISORY CORP2+ years

Service code 26 · EIN 58-1619177

Advisory (Participants)

$20,547

FCA CORP2+ years

Service code 26 · EIN 76-0076528

Advisory (Participants)

$14,554

KING & SPALDING LLP PROFIT SHARING - 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KING & SPALDING LLP PROFIT SHARING - 401(K) 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