Retirement plan

TROUTMAN SANDERS LLP CASH OR DEFERRED PROFIT SHARING PLAN

Name: TROUTMAN SANDERS LLP - TROUTMAN SANDERS LLP CASH OR DEFERRED PROFIT SHARING PLAN (2020) Form 5500
Creator: TROUTMAN SANDERS LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TROUTMAN SANDERS LLP CASH OR DEFERRED PROFIT SHARING PLAN, TROUTMAN SANDERS LLP

TROUTMAN SANDERS LLPEIN 58-0946915Plan #001PY 2020

600 PEACHTREE ST NE, SUITE 3000 - ATLANTA, GA 303082216404-885-3000

Other plans on this EIN

3 filings

#007Retirement-$79.6M assets #008Retirement-$2.4M assets #012Retirement--

Prospect flagsHigh cashLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$1145.5M

-15.5% from 2016

Total participants

3,404

-3.5% from 2016

Average account balance

$786,734

-12.0% from 2016

Annual return

137.95%

-16.81 pp from 2016

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19B

Not enough data

1 years with asset history on file

Average account balance

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

$353K

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.

3,359

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.

73.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$58.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO BANK NA Service code 15 · EIN 94-1347393	Recordkeeping	$216,190
DIMEO SCHNEIDER & ASSOCIATES LLC3 years Service code 27 · EIN 36-4001764	Advisory (Plan)	$88,687

Plan features & details

Pension benefit codes2E2G2J2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$305K

$111 / participant

Investment mgmt$305K100.0%

% of EOY assets

0.027%

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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$786,734

$127,481+517.1%

$149,751+425.4%

$90,274+771.5%

Participation rate

29.1%

78.2%-49.1pp

82.5%-53.4pp

73.4%-44.3pp

Annual return

137.95%

57.78%+80.2pp

276.71%-138.8pp

53.97%+84.0pp

Employer contribution / active EE

$5,304

$3,448+53.8%

$4,646+14.2%

$2,523+110.2%

Participant deferral / active EE

$5,138

$6,975-26.3%

$6,843-24.9%

$4,231+21.4%

Admin fee / account holder

$210

$152+38.2%

$9,312-97.7%

$114+83.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Filed as: WELLS FARGO BANK NA

Service code 15 · EIN 94-1347393

Recordkeeping

$216,190

DIMEO SCHNEIDER & ASSOCIATES LLC3 years

Service code 27 · EIN 36-4001764

Advisory (Plan)

$88,687

TROUTMAN SANDERS LLP CASH OR DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TROUTMAN SANDERS LLP CASH OR DEFERRED 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