Retirement plan

SEED INTELLECTUAL PROPERTY LAW GROUP LLP 401(K) PROFIT SHARING PLAN

Name: SEED INTELLECTUAL PROPERTY LAW GROUP LLP - SEED INTELLECTUAL PROPERTY LAW GROUP LLP 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SEED INTELLECTUAL PROPERTY LAW GROUP LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEED INTELLECTUAL PROPERTY LAW GROUP LLP 401(K) PROFIT SHARING PLAN, SEED INTELLECTUAL PROPERTY LAW GROUP LLP

SEED INTELLECTUAL PROPERTY LAW GROUP LLPEIN 91-2014327Plan #001PY 2024

701 FIFTH AVENUE, SUITE 5400 - SEATTLE, WA 98104206-622-4900LinkedIn1-10 employeeslegal services

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$63.4M

+5.6% from 2023

Total participants

216

-4.4% from 2023

Average account balance

$294,651

+9.5% from 2023

Annual return

14.38%

-4.97 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$63.35M

Not enough data

1 years with asset history on file

Average account balance

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

$295K

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.

215

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$392

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 4 by compensation

Provider	Service type	Compensation
VWC PS1 year Filed as: VWC, PS Service code 10 · EIN 91-1007261 10510 NORTHUP WAY · KIRKLAND, WA 98033	Accounting	$31,334
NWPS5 years Service code 13 · EIN 91-2090931 4025 DELRIDGE WAY SW · SEATTLE, WA 98106	Contract Administrator	$24,576
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 3000 SCHWAB WAY · WESTLAKE, TX 76262	Securities Custodian	$14,580
ROTH ASSET MANAGEMENT, INC.10+ years Service code 26 · EIN 20-0160353 15982 PARKER RD · LAKE OSWEGO, OR 97035	Advisory (Participants)	$13,700

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3B3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$84K

$581 / participant

Recordkeeping$25K29.2%
Trustee / custodial$15K17.3%
Investment mgmt$14K16.3%
Other / not subdivided$31K37.2%

% of EOY assets

0.133%

all-in expense ratio

Categories reported

3 / 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: VWC, P.S.
Auditor EIN: 911007261
Audit fees: $31,334
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$294,651

$101,499+190.3%

$147,005+100.4%

$74,546+295.3%

Participation rate

99.3%

75.5%+23.8pp

82.2%+17.1pp

67.2%+32.1pp

Annual return

14.38%

8732.34%-8718.0pp

418.76%-404.4pp

1366.03%-1351.7pp

Employer contribution / active EE

$8,267

$3,811+116.9%

$4,934+67.5%

$2,624+215.0%

Participant deferral / active EE

$11,562

$7,304+58.3%

$8,070+43.3%

$4,347+166.0%

Admin fee / account holder

$392

$1,748-77.6%

$13,006-97.0%

$1,944-79.9%

Provider

Service type

Compensation

VWC PS1 year

Filed as: VWC, PS

Service code 10 · EIN 91-1007261

10510 NORTHUP WAY · KIRKLAND, WA 98033

Accounting

$31,334

NWPS5 years

Service code 13 · EIN 91-2090931

4025 DELRIDGE WAY SW · SEATTLE, WA 98106

Contract Administrator

$24,576

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

3000 SCHWAB WAY · WESTLAKE, TX 76262

Securities Custodian

$14,580

ROTH ASSET MANAGEMENT, INC.10+ years

Service code 26 · EIN 20-0160353

15982 PARKER RD · LAKE OSWEGO, OR 97035

Advisory (Participants)

$13,700

SEED INTELLECTUAL PROPERTY LAW GROUP LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEED INTELLECTUAL PROPERTY LAW GROUP 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