King & Spalding LLP 401(k) Review & Grade
King & Spalding LLP Profit Sharing - 401(k) Plan
Atlanta, GAProfessional, Scientific & Technical Services2,068 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,985Employer $ per active participant
$20,444Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$403,225Average balance per account
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 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 | 91th |
| Lower admin cost | 78th |
| Employee saving | 99th |
| Peers that auto-enroll | 48% |
Red flags from the filing
Corrective distributions: the plan refunded $152,643 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- King & Spalding LLP put in about $9,985 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 | $20,648,615 |
| Participant (employee) contributions | $42,277,966 |
| Other contributions (incl. rollovers in) | $20,407,753 |
| Administrative expenses paid from the plan | $999,718 |
| Investment advisory & management fees | $873,514 |
| Benefits paid out | $38,878,811 |
| Net assets, start / end of year | $1.1B / $1.3B |
| Active participants, start / end of year | 2,065 / 2,071 |
| Participants with account balances | 3,155 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| ZWJ Investment Counsel Inc | $228,068 reported compensation |
| Signaturefd LLC | $218,606 reported compensation |
| Schwab Retirement Plan Services Inc | $190,305 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103085501NAL0005451875001, received 2025-11-03, EIN 58-0520153, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Get notified when King & Spalding LLP's next filing posts
The most generous employers, the worst red flags, and plain-English 401(k) tips. One email a month.