Baker & Mckenzie LLP 401(k) Review & Grade
Baker & Mckenzie Illinois Profit Sharing and 401k Plan
Chicago, ILProfessional, Scientific & Technical Services1,244 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,428Employer $ per active participant
$17,025Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$866.6MNet plan assets, end of year
$381,931Average balance per account
Score breakdown
- Employer generosity44.7 / 5089th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 88th |
| Employee saving | 95th |
| Peers that auto-enroll | 48% |
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Baker & Mckenzie LLP put in about $9,428 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $11,733,056 |
| Participant (employee) contributions | $21,188,098 |
| Other contributions (incl. rollovers in) | $3,179,048 |
| Administrative expenses paid from the plan | $375,902 |
| Investment advisory & management fees | $375,902 |
| Benefits paid out | $49,450,640 |
| Net assets, start / end of year | $683.7M / $866.6M |
| Active participants, start / end of year | 1,179 / 1,310 |
| Participants with account balances | 2,269 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Russell Investments Trust Company | $912,355 reported compensation |
| Northwest Plan Services | $197,259 reported compensation |
| Crowe LLP | $87,243 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415185037NAL0021451984001, received 2026-04-15, EIN 36-2137456, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.
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