Greenberg Traurig, PA 401(k) Review & Grade
Greenberg Traurig 401(k) Plan
Doral, FLProfessional, Scientific & Technical Services3,938 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$14,071Employer $ per active participant
$16,388Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$301,075Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 92th |
| Employee saving | 87th |
| Peers that auto-enroll | 47% |
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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 ($16,991 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,041,816 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Greenberg Traurig, PA put in about $14,071 per active participant, more than the typical peer ($2,951). 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.
- 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 | $55,410,398 |
| Participant (employee) contributions | $64,536,548 |
| Other contributions (incl. rollovers in) | $15,185,203 |
| Administrative expenses paid from the plan | $365,398 |
| Contract administrator fees | $4,836 |
| Investment advisory & management fees | $108,341 |
| Benefits paid out | $70,876,202 |
| Net assets, start / end of year | $1.4B / $1.6B |
| Active participants, start / end of year | 3,915 / 3,961 |
| Participants with account balances | 5,454 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gerson, Preston, Klein, Lips, Eisen |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $258,524 reported compensation |
| Howard Capital Management Inc | $16,238 reported compensation |
| Capfinancial Partners LLC | $14,674 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251107140453NAL0000352051001, received 2025-11-07, EIN 59-1270754, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.