Squire Patton Boggs (US) LLP 401(k) Review & Grade
Squire Patton Boggs Retirement Savings Plan
Cleveland, OHProfessional, Scientific & Technical Services1,113 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$785Employer $ per active participant
$14,209Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$868.6MNet plan assets, end of year
$516,431Average balance per account
Score breakdown
- Employer generosity8.6 / 5017th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 95th |
| Employee saving | 86th |
| 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
- Squire Patton Boggs (US) LLP put in about $785 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $873,740 |
| Participant (employee) contributions | $15,815,117 |
| Other contributions (incl. rollovers in) | $3,781,300 |
| Administrative expenses paid from the plan | $177,824 |
| Investment advisory & management fees | $130,970 |
| Benefits paid out | $85,558,353 |
| Net assets, start / end of year | $813.5M / $868.6M |
| Active participants, start / end of year | 1,103 / 1,123 |
| Participants with account balances | 1,682 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ciuni & Panichi |
Largest service providers (Schedule C)
| Brown Advisory Management, LLC | $51,274 reported compensation |
| Park Edge Advisors, LLC | $31,198 reported compensation |
| Clearstead Advisors, LLC | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912081931NAL0001143825001, received 2025-09-12, EIN 34-0648199, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Get notified when Squire Patton Boggs (US) LLP's next filing posts
The most generous employers, the worst red flags, and plain-English 401(k) tips. One email a month.