Dla Piper LLP (US) 401(k) Review & Grade
Dla Piper LLP (US) Profit Sharing and 401(k) Savings Plan
Baltimore, MDProfessional, Scientific & Technical Services3,012 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,617Employer $ per active participant
$15,975Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$419,413Average balance per account
Score breakdown
- Employer generosity48.9 / 5098th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 88th |
| Employee saving | 86th |
| Peers that auto-enroll | 47% |
Red flags from the filing
Corrective distributions: the plan refunded $127,396 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dla Piper LLP (US) put in about $14,617 per active participant, more than the typical peer ($2,951). 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 | $44,027,821 |
| Participant (employee) contributions | $48,116,992 |
| Other contributions (incl. rollovers in) | $16,242,530 |
| Administrative expenses paid from the plan | $548,918 |
| Contract administrator fees | $261,140 |
| Other admin expenses | $287,778 |
| Benefits paid out | $151,852,628 |
| Net assets, start / end of year | $1.6B / $1.7B |
| Active participants, start / end of year | 2,982 / 3,042 |
| Participants with account balances | 4,151 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $255,980 reported compensation |
| Verdence Capital Advisors LLC | $54,961 reported compensation |
| Rothschild Investment LLC | $40,079 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013161934NAL0000824499001, received 2025-10-13, EIN 52-0616490, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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