Vedder Price, P.C. 401(k) Review & Grade
Vedder Price P.C. Profit Sharing and Retirement Plan
Chicago, ILProfessional, Scientific & Technical Services612 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$15,978Employer $ per active participant
$16,041Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$520.5MNet plan assets, end of year
$501,441Average balance per account
Score breakdown
- Employer generosity49.1 / 5098th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score79 / 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 | 93th |
| Employee saving | 92th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($10,656 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
- Vedder Price put in about $15,978 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 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 | $9,770,325 |
| Participant (employee) contributions | $9,808,882 |
| Other contributions (incl. rollovers in) | $2,269,782 |
| Administrative expenses paid from the plan | $136,405 |
| Other admin expenses | $136,405 |
| Benefits paid out | $27,879,281 |
| Net assets, start / end of year | $462.3M / $520.5M |
| Active participants, start / end of year | 606 / 617 |
| Participants with account balances | 1,038 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly Us,llp |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $69,851 reported compensation |
| The Vanguard Group, Inc. | $67,604 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015110156NAL0008869554001, received 2025-10-15, EIN 36-3254526, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.