Retirement plan

KNOBBE MARTENS OLSON & BEAR, LLP 401(K) RETIREMENT SAVINGS PLAN

Name: KNOBBE MARTENS OLSON & BEAR, LLP - KNOBBE MARTENS OLSON & BEAR, LLP 401(K) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: KNOBBE MARTENS OLSON & BEAR, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KNOBBE MARTENS OLSON & BEAR, LLP 401(K) RETIREMENT SAVINGS PLAN, KNOBBE MARTENS OLSON & BEAR, LLP

KNOBBE MARTENS OLSON & BEAR, LLPEIN 95-3605138Plan #004PY 2021

2040 MAIN STREET, 14TH FLOOR - IRVINE, CA 92614949-760-0404

Other plans on this EIN

1 filing

#006Retirement-$28.6M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$328.5M

-9.4% from 2016

Total participants

904

-1.3% from 2016

Average account balance

$378,490

-7.1% from 2016

Annual return

15.83%

-7.17 pp from 2016

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$363.39M

Not enough data

1 years with asset history on file

Average account balance

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

$386K

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.

941

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+16.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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 10 of 11 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$74,321
BFSG LLC7+ years Service code 28 · EIN 20-8532658	Investment Management	$62,500
SIGNATURE ESTATE & INVESTMENT5 years Service code 26 · EIN 95-4806910	Advisory (Participants)	$37,368
ONEDIGITAL INVESTMENT ADVISORS LLC4 years Filed as: KRAVITZ INC Service code 28 · EIN 95-3207191	Investment Management	$26,000
TOWNSQUARE CAPITAL LLC1 year Service code 26 · EIN 82-1306760	Advisory (Participants)	$17,630
PURE FINANCIAL ADVISORS INC2 years Service code 26 · EIN 61-1526601	Advisory (Participants)	$16,152
EQUITA FINANCIAL NETWORK INC3 years Service code 26 · EIN 47-4361660	Advisory (Participants)	$11,469
MATSON MONEY INC6 years Service code 26 · EIN 31-1334658	Advisory (Participants)	$10,195
GERBER KAWASAKI WEALTH &1 year Service code 26 · EIN 27-2274173	Advisory (Participants)	$7,865
CHARLES SCHWAB & CO., INC.7+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$2,472

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

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.
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

3 tripped

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

$267K

$421 / participant

Investment mgmt$167K62.7%
Other / not subdivided$100K37.3%

% of EOY assets

0.081%

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: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$378,490

$104,336+262.8%

$159,495+137.3%

$86,828+335.9%

Participation rate

94.3%

77.7%+16.6pp

82.8%+11.5pp

72.3%+22.0pp

Annual return

15.83%

26.32%-10.5pp

263.72%-247.9pp

97.95%-82.1pp

Employer contribution / active EE

$8,397

$3,451+143.3%

$4,831+73.8%

$2,406+249.0%

Participant deferral / active EE

$10,614

$6,837+55.2%

$7,354+44.3%

$4,132+156.9%

Admin fee / account holder

$308

$172+78.6%

$10,804-97.2%

$170+81.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$74,321

BFSG LLC7+ years

Service code 28 · EIN 20-8532658

Investment Management

$62,500

SIGNATURE ESTATE & INVESTMENT5 years

Service code 26 · EIN 95-4806910

Advisory (Participants)

$37,368

ONEDIGITAL INVESTMENT ADVISORS LLC4 years

Filed as: KRAVITZ INC

Service code 28 · EIN 95-3207191

Investment Management

$26,000

TOWNSQUARE CAPITAL LLC1 year

Service code 26 · EIN 82-1306760

Advisory (Participants)

$17,630

PURE FINANCIAL ADVISORS INC2 years

Service code 26 · EIN 61-1526601

Advisory (Participants)

$16,152

EQUITA FINANCIAL NETWORK INC3 years

Service code 26 · EIN 47-4361660

Advisory (Participants)

$11,469

MATSON MONEY INC6 years

Service code 26 · EIN 31-1334658

Advisory (Participants)

$10,195

GERBER KAWASAKI WEALTH &1 year

Service code 26 · EIN 27-2274173

Advisory (Participants)

$7,865

CHARLES SCHWAB & CO., INC.7+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$2,472

KNOBBE MARTENS OLSON & BEAR, LLP 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KNOBBE MARTENS OLSON & BEAR, 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