Retirement plan

HAGENS BERMAN SOBOL SHAPIRO LLP 401(K) RETIREMENT PLAN

Name: HAGENS BERMAN SOBOL SHAPIRO LLP - HAGENS BERMAN SOBOL SHAPIRO LLP 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: HAGENS BERMAN SOBOL SHAPIRO LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAGENS BERMAN SOBOL SHAPIRO LLP 401(K) RETIREMENT PLAN, HAGENS BERMAN SOBOL SHAPIRO LLP

HAGENS BERMAN SOBOL SHAPIRO LLPEIN 91-2017394Plan #001PY 2024

1301 2ND AVENUE, SUITE 2000 - SEATTLE, WA 98101206-623-7292hbsslaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$30.3M

+20.4% from 2023

Total participants

196

+2.1% from 2023

Average account balance

$160,232

+19.8% from 2023

Annual return

13.17%

-7.19 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.28M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

189

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$527

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 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.10+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$56,738
SWEENEY CONRAD, P.S.7 years Filed as: SWEENEY CONARD P.S. Service code 10 · EIN 91-1301672	Accounting	$15,000
EVERGREEN CAPITAL MANAGEMENT L4 years Filed as: EVERGREEN GAVEKAL Service code 26 · EIN 91-1962899	Advisory (Participants)	$7,004
INTEGRATED ADVISORS NETWORK LL1 year Service code 26 · EIN 46-5754053	Advisory (Participants)	$5,976
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$204
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2F2G2J2R2S2T3B3D3F

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$100K

$712 / participant

Recordkeeping$6K5.7%
Investment mgmt$78K78.0%
Contract admin$5K5.0%
Other / not subdivided$11K11.2%

% of EOY assets

0.329%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SWEENEY CONRAD,P.S
Auditor EIN: 911301672
Audit fees: $10,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$160,232

$101,591+57.7%

$147,096+8.9%

$74,429+115.3%

Participation rate

95.0%

75.5%+19.5pp

82.2%+12.8pp

67.2%+27.8pp

Annual return

13.17%

8746.45%-8733.3pp

419.75%-406.6pp

1368.38%-1355.2pp

Employer contribution / active EE

$3,813-100.0%

$4,936-100.0%

$2,625-100.0%

Participant deferral / active EE

$17,878

$7,302+144.8%

$8,071+121.5%

$4,348+311.2%

Admin fee / account holder

$527

$1,750-69.9%

$13,005-95.9%

$1,944-72.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.10+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$56,738

SWEENEY CONRAD, P.S.7 years

Filed as: SWEENEY CONARD P.S.

Service code 10 · EIN 91-1301672

Accounting

$15,000

EVERGREEN CAPITAL MANAGEMENT L4 years

Filed as: EVERGREEN GAVEKAL

Service code 26 · EIN 91-1962899

Advisory (Participants)

$7,004

INTEGRATED ADVISORS NETWORK LL1 year

Service code 26 · EIN 46-5754053

Advisory (Participants)

$5,976

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$204

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

HAGENS BERMAN SOBOL SHAPIRO LLP 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAGENS BERMAN SOBOL SHAPIRO LLP 401(K) 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