Blank Rome LLP 401(k) Review & Grade
Blank Rome Profit-Sharing Plan
Philadelphia, PAProfessional, Scientific & Technical Services785 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$27,964Employer $ per active participant
$7,055Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$540.5MNet plan assets, end of year
$513,827Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score80 / 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 | 100th |
| Lower admin cost | 98th |
| Employee saving | 35th |
| Peers that auto-enroll | 48% |
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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
- Blank Rome LLP put in about $27,964 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 | $21,952,046 |
| Participant (employee) contributions | $5,538,282 |
| Other contributions (incl. rollovers in) | $11,557,225 |
| Administrative expenses paid from the plan | $38,926 |
| Contract administrator fees | $124,011 |
| Investment advisory & management fees | $66,385 |
| Benefits paid out | $33,918,260 |
| Net assets, start / end of year | $487.7M / $540.5M |
| Active participants, start / end of year | 741 / 829 |
| Participants with account balances | 1,052 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Strategic Advisors | $66,385 reported compensation |
| Traynor Capital Management | $48,620 reported compensation |
| Cary Street Partners | $44,739 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013075232NAL0000355235001, received 2025-10-13, EIN 23-1311874, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.