Reed Smith LLP 401(k) Review & Grade
Reed Smith 401(k) Plan
Pittsburgh, PAProfessional, Scientific & Technical Services2,058 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$13,505Employer $ per active participant
$12,455Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$367,464Average balance per account
Score breakdown
- Employer generosity48.1 / 5096th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score87 / 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 | 96th |
| Lower admin cost | 95th |
| Employee saving | 77th |
| 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
- Reed Smith LLP put in about $13,505 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 | $27,793,780 |
| Participant (employee) contributions | $25,633,063 |
| Other contributions (incl. rollovers in) | $7,459,796 |
| Administrative expenses paid from the plan | $237,814 |
| Investment advisory & management fees | $86,452 |
| Other admin expenses | $130,984 |
| Benefits paid out | $121,191,902 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 2,022 / 2,094 |
| Participants with account balances | 3,236 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fiducient Advisors LLC | $130,984 reported compensation |
| Strategic Advisors, Inc. | $86,452 reported compensation |
| Baker Tilly Virchow Krause, LLP | $16,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013123536NAL0000607763001, received 2025-10-13, EIN 25-0749630, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.