Perkins&will, Inc. 401(k) Review & Grade
Perkins&will, Inc. Retirement Savings Plan
Chicago, ILProfessional, Scientific & Technical Services1,873 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,264Employer $ per active participant
$11,409Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$414.4MNet plan assets, end of year
$138,352Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 78th |
| Employee saving | 69th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,377 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Perkins&will put in about $4,264 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 | $7,985,962 |
| Participant (employee) contributions | $21,368,423 |
| Other contributions (incl. rollovers in) | $2,314,149 |
| Administrative expenses paid from the plan | $325,000 |
| Investment advisory & management fees | $128,716 |
| Benefits paid out | $34,453,594 |
| Net assets, start / end of year | $365.9M / $414.4M |
| Active participants, start / end of year | 1,929 / 1,817 |
| Participants with account balances | 2,995 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $225,378 reported compensation |
| Fisher Investments | $51,222 reported compensation |
| Dynamic Wealth Advisors | $15,976 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028094711NAL0006118291002, received 2025-10-28, EIN 36-2690384, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.