Holland & Knight LLP 401(k) Review & Grade
Holland and Knight Profit Sharing Plan & Trust
Brandon, FLProfessional, Scientific & Technical Services3,748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$11,401Employer $ per active participant
$14,381Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2.0BNet plan assets, end of year
$411,201Average balance per account
Score breakdown
- Employer generosity47.0 / 5094th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 83th |
| Employee saving | 81th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $58,048 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Holland & Knight LLP put in about $11,401 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.
- 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 | $42,734,901 |
| Participant (employee) contributions | $53,907,089 |
| Other contributions (incl. rollovers in) | $22,133,379 |
| Administrative expenses paid from the plan | $781,840 |
| Investment advisory & management fees | $298,950 |
| Other admin expenses | $179,179 |
| Benefits paid out | $155,768,935 |
| Net assets, start / end of year | $1.8B / $2.0B |
| Active participants, start / end of year | 3,700 / 3,797 |
| Participants with account balances | 4,825 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | SCH Attest Services PC Inc |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $298,950 reported compensation |
| Fidelity Investments Institutional | $70,218 reported compensation |
| Brinker Capital Inv LLC | $66,038 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124431NAL0004249971001, received 2025-10-10, EIN 59-0663819, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.