Debevoise & Plimpton LLP 401(k) Review & Grade
Debevoise & Plimpton LLP Cash Or Deferred Plan for Associates and Counsel
New York, NYProfessional, Scientific & Technical Services530 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,467Employer $ per active participant
$20,488Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$209.6MNet plan assets, end of year
$183,558Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 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 | 41th |
| Lower admin cost | 100th |
| Employee saving | 99th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $25,752 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Debevoise & Plimpton LLP put in about $2,467 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,308,738 |
| Participant (employee) contributions | $10,869,059 |
| Other contributions (incl. rollovers in) | $1,220,360 |
| Administrative expenses paid from the plan | $3,400 |
| Other admin expenses | $3,400 |
| Benefits paid out | $9,543,214 |
| Net assets, start / end of year | $180.4M / $209.6M |
| Active participants, start / end of year | 508 / 553 |
| Participants with account balances | 1,142 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $3,880 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152946NAL0004993569001, received 2025-10-15, EIN 13-5537279, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.