Morrison & Foerster LLP 401(k) Review & Grade
Morrison & Foerster LLP Retirement Plan Part I
San Francisco, CAProfessional, Scientific & Technical Services1,768 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,661Employer $ per active participant
$19,407Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$398,837Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score95 / 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 | 92th |
| Lower admin cost | 97th |
| Employee saving | 98th |
| 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
- Morrison & Foerster LLP put in about $10,661 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.
- 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 | $18,848,778 |
| Participant (employee) contributions | $34,311,907 |
| Other contributions (incl. rollovers in) | $19,110,242 |
| Administrative expenses paid from the plan | $192,135 |
| Investment advisory & management fees | $106,011 |
| Benefits paid out | $103,886,614 |
| Net assets, start / end of year | $1.3B / $1.4B |
| Active participants, start / end of year | 1,761 / 1,775 |
| Participants with account balances | 3,528 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Sageview | $106,011 reported compensation |
| Charles Schwab Retirement Plan Serv | $86,124 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013225324NAL0000966435005, received 2025-10-13, EIN 94-0697210, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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