Department of Labor filing

SHIPMAN & GOODWIN LLP

SHIPMAN & GOODWIN LLP 401(K) PROFIT SHARING PLAN FOR LAWYER EMPLOYEES · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 6, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

66filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$3,412

Reported employer contributions per active participant.

Higher than about 55% of comparable plans

#People in the filing

110

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$17 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 91% of comparable plans

↗Investment performance

Not available

Plan assets changed 9.4%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202466out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions55th percentileTypical peer $3,137 · based on 5,509 comparable plans

Lower reported administrative expense91st percentileTypical peer $173 · based on 5,672 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, SHIPMAN & GOODWIN LLP reported $375,342 in employer contributions across the plan and 110 active participants. That works out to $3,412 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy60%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendNot enough history

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 9.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context66/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $375,342
Participant contributions: $1,206,589
Other contributions: $32,988
Employer share of reported contributions: 23.7%
Beginning assets: $27,086,783
Ending assets: $29,628,766
Ending net assets: $29,628,766
Ending liabilities: $0
Total income: $5,649,691
Total expenses: $3,107,708
Administrative expenses: $3,367
Participant loans: $22,372

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

Not reported

2023

$3,125

2024

$3,412

Plan-paid administrative expenses per participant

2022

$19

2023

$19

2024

$17

Active participants

2022

108

2023

113

2024

110

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,412	110	29.6M	20251006085427NAL0003390017001
2023	$3,125	113	27.1M	20241003141226NAL0004905091002
2022	Not reported	108	22.8M	20231014075713NAL0046388896002

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.1%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 060640174-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Dec 31, 1996
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2R

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Current plan terms

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Filing ACK_ID20251006085427NAL0003390017001

Data sourceDOL Form 5500 bulk data ↗

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