Retirement plan

MORRISON & FOERSTER LLP RETIREMENT PLAN PART I

Name: MORRISON & FOERSTER LLP - MORRISON & FOERSTER LLP RETIREMENT PLAN PART I (2023) Form 5500
Creator: MORRISON & FOERSTER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORRISON & FOERSTER LLP RETIREMENT PLAN PART I, MORRISON & FOERSTER LLP

MORRISON & FOERSTER LLPEIN 94-0697210Plan #001PY 2023

425 MARKET STREET - SAN FRANCISCO, CA 94105415-268-2630mofo.comLinkedIn1001-5000 employeeslaw practice

Other plans on this EIN

1 filing

#009Retirement-$166.3M assets

Prospect flagsHigh retiree %High assets / participant

How to read this page

Total assets (EOY)

$1271.3M

-8.0% from 2016

Total participants

3,560

+5.1% from 2016

Average account balance

$362,816

-12.3% from 2016

Annual return

18.35%

-9.64 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41B

Not enough data

1 years with asset history on file

Average account balance

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

$399K

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.

3,528

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.16M

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB RETIREMENT PLAN SERV Service code 15 · EIN 34-1479833	Recordkeeping	$73,957
SAGEVIEW ADVISORY GROUP, LLC3 years Filed as: SAGEVIEW Service code 28 · EIN 33-0818667	Investment Management	$70,500

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B

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.

Opportunity flags

2 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$144K

$82 / participant

Recordkeeping$74K51.2%
Investment mgmt$71K48.8%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$362,816

$107,415+237.8%

$135,998+166.8%

$80,187+352.5%

Participation rate

96.8%

78.0%+18.8pp

81.9%+14.9pp

72.9%+23.9pp

Annual return

18.35%

91.99%-73.6pp

68.37%-50.0pp

40.40%-22.1pp

Employer contribution / active EE

$11,280

$3,878+190.9%

$4,860+132.1%

$2,980+278.6%

Participant deferral / active EE

$17,751

$8,189+116.8%

$7,761+128.7%

$5,016+253.9%

Admin fee / account holder

$41

$127-67.5%

$10,769-99.6%

$145-71.6%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.7 years

Filed as: CHARLES SCHWAB RETIREMENT PLAN SERV

Service code 15 · EIN 34-1479833

Recordkeeping

$73,957

SAGEVIEW ADVISORY GROUP, LLC3 years

Filed as: SAGEVIEW

Service code 28 · EIN 33-0818667

Investment Management

$70,500

MORRISON & FOERSTER LLP RETIREMENT PLAN PART I

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORRISON & FOERSTER LLP RETIREMENT PLAN PART I

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