Retirement plan

FENWICK & WEST LLP 401(K) RETIREMENT SAVINGS PLAN

Name: FENWICK & WEST LLP - FENWICK & WEST LLP 401(K) RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: FENWICK & WEST LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FENWICK & WEST LLP 401(K) RETIREMENT SAVINGS PLAN, FENWICK & WEST LLP

FENWICK & WEST LLPEIN 94-2708481Plan #003PY 2023

SILICON VALLEY CENTER, 801 CALIFORNIA ST. - MOUNTAIN VIEW, CA 94041650-988-8500fenwick.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

1 filing

#006Retirement-$65.9M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$611.7M

+20.8% from 2022

Total participants

2,028

-0.3% from 2022

Average account balance

$314,485

+19.8% from 2022

Annual return

21.52%

+39.53 pp from 2022

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

$686.94M

Not enough data

1 years with asset history on file

Average account balance

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

$377K

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.

1,824

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+18.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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
HAROLD R KELLMAN4 years Filed as: HAROLD R. KELLMAN Service code 26 · EIN 10-8384042	Advisory (Participants)	$53,280
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$49,189
MOSS ADAMS LLP6 years Service code 10 · EIN 91-0189318	Accounting	$43,050
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$17,460

Plan features & details

Pension benefit codes2G2J2K2T2E2F3D2R

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.
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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$128K

$107 / participant

Investment mgmt$49K38.3%
Other / not subdivided$79K61.7%

% of EOY assets

0.021%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: $43,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$314,485

$107,415+192.8%

$135,974+131.3%

$80,157+292.3%

Participation rate

93.1%

78.0%+15.1pp

81.9%+11.2pp

72.9%+20.2pp

Annual return

21.52%

91.99%-70.5pp

68.30%-46.8pp

40.39%-18.9pp

Employer contribution / active EE

$9,297

$3,878+139.7%

$4,859+91.3%

$2,977+212.2%

Participant deferral / active EE

$16,849

$8,189+105.8%

$7,760+117.1%

$5,015+236.0%

Admin fee / account holder

$66

$127-48.0%

$10,767-99.4%

$145-54.4%

Provider

Service type

Compensation

HAROLD R KELLMAN4 years

Filed as: HAROLD R. KELLMAN

Service code 26 · EIN 10-8384042

Advisory (Participants)

$53,280

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$49,189

MOSS ADAMS LLP6 years

Service code 10 · EIN 91-0189318

Accounting

$43,050

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$17,460

FENWICK & WEST LLP 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FENWICK & WEST LLP 401(K) RETIREMENT SAVINGS 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