Wilson Elser Moskowitz Edelman & Dicker LLP 401(k) Review & Grade
Wilson, Elser, Moskowitz, Edelman & Dicker LLP 401(k) Savings Plan
New York, NYProfessional, Scientific & Technical Services2,088 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,926Employer $ per active participant
$9,344Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$307.2MNet plan assets, end of year
$135,105Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost19.9 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 79th |
| Employee saving | 53th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($43 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Wilson Elser Moskowitz Edelman & Dicker LLP put in about $1,926 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,021,302 |
| Participant (employee) contributions | $19,509,625 |
| Other contributions (incl. rollovers in) | $9,479,212 |
| Administrative expenses paid from the plan | $222,397 |
| Contract administrator fees | $222,397 |
| Benefits paid out | $22,514,558 |
| Net assets, start / end of year | $259.1M / $307.2M |
| Active participants, start / end of year | 1,979 / 2,197 |
| Participants with account balances | 2,274 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company LLP |
Largest service providers (Schedule C)
| Morgan Stanley | $239,468 reported compensation |
| Principal Life Insurance Company | $222,397 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104435NAL0004622129001, received 2025-10-15, EIN 13-2679447, plan #100, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.