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 (2020) 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 2020

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

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$22.4M

+21.0% from 2019

Total participants

187

-1.1% from 2019

Average account balance

$126,537

+21.0% from 2019

Annual return

15.17%

-8.84 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.6+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$42,507
SWEENEY CONRAD, P.S.3 years Filed as: SWEENEY CONARD P.S. Service code 10 · EIN 91-1301672	Accounting	$9,750
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$652
CHARLES SCHWAB & CO., INC.1 year 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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$53K

$369 / participant

Investment mgmt$2K3.9%
Other / not subdivided$51K96.1%

% of EOY assets

0.237%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,537

$99,957+26.6%

$149,730-15.5%

$73,493+72.2%

Participation rate

93.1%

75.7%+17.4pp

82.5%+10.6pp

70.7%+22.4pp

Annual return

15.17%

53.87%-38.7pp

276.70%-261.5pp

28.51%-13.3pp

Employer contribution / active EE

$3,191-99.8%

$4,645-99.9%

$2,270-99.8%

Participant deferral / active EE

$13,428

$6,073+121.1%

$6,843+96.2%

$3,740+259.1%

Admin fee / account holder

$300

$551-45.5%

$9,310-96.8%

$513-41.5%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$42,507

SWEENEY CONRAD, P.S.3 years

Filed as: SWEENEY CONARD P.S.

Service code 10 · EIN 91-1301672

Accounting

$9,750

CHARLES SCHWAB & CO., INC.6+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$652

CHARLES SCHWAB & CO., INC.1 year

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