Nixon Peabody LLP 401(k) Review & Grade
Nixon Peabody LLP Retirement Savings Plan II
Victor, NYProfessional, Scientific & Technical Services557 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,035Employer $ per active participant
$5,623Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$204.0MNet plan assets, end of year
$249,743Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 86th |
| Employee saving | 28th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,650 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nixon Peabody LLP put in about $14,035 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 | $7,817,250 |
| Participant (employee) contributions | $3,132,228 |
| Other contributions (incl. rollovers in) | $834,643 |
| Administrative expenses paid from the plan | $104,037 |
| Investment advisory & management fees | $32,139 |
| Other admin expenses | $18,442 |
| Benefits paid out | $18,510,935 |
| Net assets, start / end of year | $185.1M / $204.0M |
| Active participants, start / end of year | 545 / 569 |
| Participants with account balances | 817 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $41,344 reported compensation |
| Strategic Advisors, Inc. | $32,139 reported compensation |
| Dimeo Schneider & Associates, LLC | $18,442 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155236NAL0005337601001, received 2025-10-15, EIN 16-0764720, plan #025, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.