O'melveny & Myers LLP 401(k) Review & Grade
O'melveny & Myers LLP Retirement Savings Plan
Los Angeles, CAProfessional, Scientific & Technical Services1,272 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$12,832Employer $ per active participant
$16,740Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$878.6MNet plan assets, end of year
$411,726Average balance per account
Score breakdown
- Employer generosity47.4 / 5095th percentile for employer $ per participant
- Low cost17.9 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 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 | 95th |
| Lower admin cost | 71th |
| Employee saving | 94th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,400 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- O'melveny & Myers LLP put in about $12,832 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 | $16,321,700 |
| Participant (employee) contributions | $21,292,800 |
| Other contributions (incl. rollovers in) | $3,700,100 |
| Administrative expenses paid from the plan | $925,700 |
| Other admin expenses | $29,300 |
| Benefits paid out | $67,368,400 |
| Net assets, start / end of year | $788.4M / $878.6M |
| Active participants, start / end of year | 1,260 / 1,284 |
| Participants with account balances | 2,134 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Crowe LLP | $36,983 reported compensation |
| Matrix Trust Company | $13,698 reported compensation |
| Sageview Advisory Group LLC | $13,698 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015184502NAL0011078194001, received 2025-10-15, EIN 95-1066597, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.