Latham & Watkins LLP 401(k) Review & Grade
Latham & Watkins 401(k) Savings and Profit Sharing Plan
Los Angeles, CAProfessional, Scientific & Technical Services4,966 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,146Employer $ per active participant
$21,105Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$3.1BNet plan assets, end of year
$382,936Average balance per account
Score breakdown
- Employer generosity46.7 / 5093th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 80th |
| Employee saving | 98th |
| Peers that auto-enroll | 47% |
Red flags from the filing
Corrective distributions: the plan refunded $65,056 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Latham & Watkins LLP put in about $11,146 per active participant, more than the typical peer ($2,951). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $55,347,613 |
| Participant (employee) contributions | $104,795,682 |
| Other contributions (incl. rollovers in) | $45,308,065 |
| Administrative expenses paid from the plan | $1,364,135 |
| Contract administrator fees | $7,356 |
| Investment advisory & management fees | $1,299,191 |
| Benefits paid out | $180,717,153 |
| Net assets, start / end of year | $2.7B / $3.1B |
| Active participants, start / end of year | 5,067 / 4,864 |
| Participants with account balances | 8,020 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $260,064 reported compensation |
| Sage Advisory Group | $140,000 reported compensation |
| Mariner Platform Solutions LLC | $124,937 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725003531NAL0006848400001, received 2025-07-25, EIN 95-2018373, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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