KPMG LLP 401(k) Review & Grade
KPMG 401(k) Capital Accumulation Plan
Montvale, NJProfessional, Scientific & Technical Services36,613 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,662Employer $ per active participant
$12,791Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$10.5BNet plan assets, end of year
$191,609Average balance per account
Score breakdown
- Employer generosity48.6 / 5097th percentile for employer $ per participant
- Low cost22.4 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 89th |
| Employee saving | 83th |
| Peers that auto-enroll | 39% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,313 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
- KPMG LLP put in about $10,662 per active participant, more than the typical peer ($2,932). 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 | $390,367,935 |
| Participant (employee) contributions | $468,299,720 |
| Other contributions (incl. rollovers in) | $104,208,757 |
| Administrative expenses paid from the plan | $2,203,202 |
| Investment advisory & management fees | $226,788 |
| Other admin expenses | $3,234 |
| Benefits paid out | $760,705,521 |
| Net assets, start / end of year | $8.9B / $10.5B |
| Active participants, start / end of year | 37,063 / 36,163 |
| Participants with account balances | 54,737 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner | $1,753,561 reported compensation |
| Rocaton Inv Adv | $257,697 reported compensation |
| Willkie Farr & Gallagher | $95,021 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010165504NAL0008042401001, received 2025-10-10, EIN 13-5565207, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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