Katten Muchin Rosenman LLP 401(k) Review & Grade
Katten Muchin Rosenman LLP Defined Contribution Plan
Chicago, ILProfessional, Scientific & Technical Services1,146 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$14,870Employer $ per active participant
$18,403Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$793.3MNet plan assets, end of year
$405,381Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score96 / 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 | 90th |
| Employee saving | 97th |
| 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
- Katten Muchin Rosenman LLP put in about $14,870 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 | $17,033,891 |
| Participant (employee) contributions | $21,080,707 |
| Other contributions (incl. rollovers in) | $10,402,395 |
| Administrative expenses paid from the plan | $319,756 |
| Investment advisory & management fees | $143,775 |
| Benefits paid out | $61,443,841 |
| Net assets, start / end of year | $699.3M / $793.3M |
| Active participants, start / end of year | 1,178 / 1,113 |
| Participants with account balances | 1,957 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $145,981 reported compensation |
| Capfinancial Partners LLC | $143,775 reported compensation |
| Grant Thornton LLP | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911141050NAL0000570241001, received 2025-09-11, EIN 36-2796532, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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