Barnes & Thornburg LLP 401(k) Review & Grade
Barnes & Thornburg LLP Profit Sharing Plan
Indianapolis, INProfessional, Scientific & Technical Services1,495 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$17,893Employer $ per active participant
$13,726Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$753.5MNet plan assets, end of year
$429,603Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
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 | 99th |
| Lower admin cost | 82th |
| Employee saving | 83th |
| Peers that auto-enroll | 48% |
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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
- Barnes & Thornburg LLP put in about $17,893 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 | $26,749,406 |
| Participant (employee) contributions | $20,520,086 |
| Other contributions (incl. rollovers in) | $16,921,323 |
| Administrative expenses paid from the plan | $488,586 |
| Investment advisory & management fees | $376,541 |
| Benefits paid out | $64,293,614 |
| Net assets, start / end of year | $658.0M / $753.5M |
| Active participants, start / end of year | 1,475 / 1,515 |
| Participants with account balances | 1,754 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $111,866 reported compensation |
| Invst LLC | $69,543 reported compensation |
| Lmcg Investments LLC | $68,049 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027173929NAL0005875489001, received 2025-10-27, EIN 35-0900596, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.