Orrick, Herrington & Sutcliffe LLP 401(k) Review & Grade
Orrick, Herrington & Sutcliffe LLP Retirement Plan
Wheeling, WVProfessional, Scientific & Technical Services1,858 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$15,084Employer $ per active participant
$17,894Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$394,203Average balance per account
Score breakdown
- Employer generosity48.9 / 5098th percentile for employer $ per participant
- Low cost17.6 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 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 | 98th |
| Lower admin cost | 71th |
| Employee saving | 96th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $44,524 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Orrick, Herrington & Sutcliffe LLP put in about $15,084 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $28,018,457 |
| Participant (employee) contributions | $33,238,886 |
| Other contributions (incl. rollovers in) | $13,567,144 |
| Administrative expenses paid from the plan | $1,289,052 |
| Contract administrator fees | $50,000 |
| Investment advisory & management fees | $1,049,354 |
| Other admin expenses | $900 |
| Benefits paid out | $93,053,123 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 1,845 / 1,870 |
| Participants with account balances | 2,986 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmith+brown PC |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $833,838 reported compensation |
| Cerity Partners LLC | $473,951 reported compensation |
| Empower Annuity Insurance Company O | $424,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015071620NAL0008113202001, received 2025-10-15, EIN 94-2952627, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.