K&l Gates LLP 401(k) Review & Grade
K&l Gates 401(k) Plan Alpha
Pittsburgh, PAProfessional, Scientific & Technical Services1,344 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,599Employer $ per active participant
$15,222Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$969.7MNet plan assets, end of year
$459,783Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 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 | 82th |
| Lower admin cost | 94th |
| Employee saving | 89th |
| Peers that auto-enroll | 48% |
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
- K&l Gates LLP put in about $6,599 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,869,116 |
| Participant (employee) contributions | $20,458,255 |
| Other contributions (incl. rollovers in) | $5,774,177 |
| Administrative expenses paid from the plan | $215,422 |
| Investment advisory & management fees | $170,791 |
| Benefits paid out | $52,845,625 |
| Net assets, start / end of year | $836.3M / $969.7M |
| Active participants, start / end of year | 1,382 / 1,306 |
| Participants with account balances | 2,109 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| Fidelity Inv. Inst. Operations | $157,210 reported compensation |
| Fiducient Advisors | $100,557 reported compensation |
| Cibc Atlantic TR Private W.M. | $78,952 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926110124NAL0003966451001, received 2025-09-26, EIN 25-0921018, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Other 401(k) plans filed under this employer's EIN
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