Plans » Benchmarking Engine
Benchmarking Wiley Rein LLP Retirement Plan in Washingon, DC against
good (10)
neutral (1)
Wiley Rein LLP Retirement Plan in Washingon, DC has the 10th-fewest total participants (731) of the 101 plans that are better than the overall plan medians in each of participant loans as a percentage of plan assets, corrective distributions, yield on beginning-of-plan-year total assets, and diversity of asset types (4 total). Those 731 compare to an average of 3,602 across the 101 plans.
Wiley Rein LLP Retirement Plan has these standings among those 101 peer plans plus nationwide comparisons:
Wiley Rein LLP Retirement Plan has these standings among those 101 peer plans plus nationwide comparisons:
- total liabilities = $0 (the least, tied)
the nationwide median is $0 - total income = $55,691,211 (20th-lowest)
the nationwide median is $85,104,257 - net income = $36,599,845 (29th-lowest)
the nationwide median is $49,360,077 - participant loans as a percentage of plan assets = 0.29% (29th-least)
the nationwide median is 0.90% - corrective distributions = $0 (the lowest, tied)
the nationwide median is $85 - yield on beginning-of-plan-year total assets = 15.92% (35th-highest)
the nationwide median is 14.25% - diversity of asset types = 18.4% (9th-lowest)
the nationwide median is 17.3%
- are better than the overall plan medians in. Bigger sets are better. (1) The median nationwide value of total liabilities is $0.00, so better is below that. At end of plan year. Liabilities entered here do not include the value of future pension payments to plan participants. Line 1k from Schedule H. (2) The median nationwide value of total income is $85,104,256, so better is above that. From Line 2d, Schedule H. (3) The median nationwide value of net income is $49,360,076, so better is above that. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. (4) The median nationwide value of participant loans as a percentage of plan assets is 0.90%, so better is below that. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. (5) The median nationwide value of corrective distributions is $85.00, so better is below that. From Line 2f, Schedule H, but negative entries are converted into positive. Included on this line are all distributions paid during the plan year of excess deferrals under Code section 402(g)(2)(A)(ii), excess contributions under Code section 401(k)(8), and excess aggregate contributions under Code section 401(m)(6). Included is allocable income distributed. Also included on this line are any elective deferrals and employee contributions distributed or returned to employees during the plan year, as well as any attributable income that was also distributed. (6) The median nationwide value of yield on beginning-of-plan-year total assets is 14.25%, so better is above that. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). (7) The median nationwide value of diversity of asset types is 17.3%, so better is above that. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/A. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total participants. Sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits. Line 6f of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Wiley Rein LLP Retirement Plan in Washingon, DC is in District of Columbia, its EIN is 521289988, its industry group is Legal Services, its plan administrator is Brenda McCauley, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, provides participant-directed brokerage accounts as investment options, is a single-employer plan, its business code is 541110, has 500 to 999 total participants, is better than the overall plan medians in each of participant loans as a percentage of plan assets, corrective distributions, yield on beginning-of-plan-year total assets, and diversity of asset types (4 total), is better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5), and is lower than the overall administrative medians in each of other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- net assets (assets minus liabilities) ($315.40M)
- total assets ($315,389,296)
- total assets at beginning of plan year ($278,789,451)
- value of interest in registered investment companies (e.g., mutual funds) ($271.40M)
- total income ($55,691,211)
- earnings on investments ($44,429,249)
- net earnings on investments ($44,390,459)
- net income ($36,599,845)
- corporate common stocks (other than employer securities) ($21,663,822)
- total expenses ($19,091,366)
- value of interest in common/collective trusts ($11,807,978)
- total contributions ($11,261,962)
- cash contributions from participants ($5,571,603)
- receivables employer contributions ($5,340,225)
- cash contributions from employers ($5,340,225)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($3,975,280)
- participant loans ($899,301)
- average account balance ($431,449)
- corporate debt instruments (below preferred & other than employer securities) ($316,742)
- total administrative expenses ($53,739)
- net income per total participant ($50,068)
- investment advisory and management fees ($38,790)
- corporate preferred stocks (other than employer securities) ($32,786)
- other administrative expenses ($14,949)
- average participant cash contribution per active participant ($12,838)
- average employer cash contribution per active participant ($12,305)
- total administrative expense per participant ($73.51)
- total noninterest-bearing cash ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (59.4%)
- diversity of asset types (18.4%)
- yield on beginning-of-plan-year total assets (15.92%)
- total cash as a percentage of plan assets (1.26%)
- participant loans as a percentage of plan assets (0.29%)
- total administrative expense ratio (0.017%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (434)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (730)
- other retired or separated participants entitled to future benefits (288)
- retired or separated participants receiving benefits (8)
- total participants (731)
Global References