Nixon Peabody LLP 401(k) Review & Grade
Nixon Peabody LLP Retirement Savings Plan I
Victor, NYProfessional, Scientific & Technical Services582 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$16,640Employer $ per active participant
$15,415Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$653.1MNet plan assets, end of year
$719,251Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost23.4 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score89 / 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 | 99th |
| Lower admin cost | 93th |
| Employee saving | 89th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Nixon Peabody LLP put in about $16,640 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 | $9,684,632 |
| Participant (employee) contributions | $8,971,566 |
| Other contributions (incl. rollovers in) | $268,725 |
| Administrative expenses paid from the plan | $170,996 |
| Investment advisory & management fees | $82,550 |
| Other admin expenses | $60,250 |
| Benefits paid out | $46,171,940 |
| Net assets, start / end of year | $591.7M / $653.1M |
| Active participants, start / end of year | 570 / 594 |
| Participants with account balances | 908 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $82,550 reported compensation |
| Fiducient Advisors LLC | $60,250 reported compensation |
| Fidelity Investments Institutional | $19,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155123NAL0002697155001, received 2025-10-15, EIN 16-0764720, plan #023, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.