Shipman & Goodwin Llp 401(K) Profit Sharing Plan For Lawyer Employees — Form 5500 plan (Shipman & Goodwin Llp)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Shipman & Goodwin Llp 401(K) Profit Sharing Plan For Lawyer Employees is a benefit plan reported by Shipman & Goodwin Llp under EIN 06-0640174 and plan number 002. The latest loaded filing year is 2023. The filing reports 185 participants and $27,086,783 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$27.1MPlan net assets, end of year$27,086,783
Participants185Covered participants reported
Assets / participant$146.4KComputed: assets ÷ participants$146,415 (computed)
Provider compensation$3.5K1 Schedule C provider row(s)$3,471
Plan sponsor
Shipman & Goodwin Llp
EIN
06-0640174
Plan number
002
Plan type
2
Location
Hartford, CT
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023185H, C20241003141226NAL0004905091002
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$27.1M total assets
Net assets$27.1MLiabilities
Money in vs. money out
Total income / additions$6.5M
Total expenses$2.2M
Benefits paid / distributions$2.2M
Contributions
Employer$353.1K
Participant$1.2M
Full reported line items

Net assets

Total assets (EOY)
$27,086,783
Net assets (EOY)
$27,086,783
Net assets (BOY)
$22,778,881

Income & contributions

Employer contributions
$353,105
Participant contributions
$1,249,124
Total contributions
$1,738,498
Total income / additions
$6,525,548

Expenses & distributions

Benefits paid
$2,214,175
Administrative expenses
$3,471
Total expenses
$2,217,646
Net increase / (decrease)
$4,307,902

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Vanguard Group, Inc.SERVICE PROVIDER$3,471$02023

Related Form 5500 pages