Kelley Drye & Warren LLP 401(k) Review & Grade
Kelley Drye & Warren LLP Retirement Savings Plan
New York, NYProfessional, Scientific & Technical Services560 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,839Employer $ per active participant
$15,674Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$442.3MNet plan assets, end of year
$499,761Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score80 / 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 | 88th |
| Lower admin cost | 88th |
| Employee saving | 91th |
| Peers that auto-enroll | 48% |
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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
- Kelley Drye & Warren LLP put in about $8,839 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 | $4,945,365 |
| Participant (employee) contributions | $8,769,366 |
| Other contributions (incl. rollovers in) | $1,102,528 |
| Administrative expenses paid from the plan | $199,059 |
| Other admin expenses | $199,059 |
| Benefits paid out | $35,515,732 |
| Net assets, start / end of year | $398.6M / $442.3M |
| Active participants, start / end of year | 563 / 556 |
| Participants with account balances | 885 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111048NAL0002192867001, received 2025-10-15, EIN 13-5335107, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.