Paul Weiss Rifkind Wharton & Garrison LLP 401(k) Review & Grade
Paul Weiss Rifkind Wharton & Garrison LLP Cash Or Deferred Plan
New York, NYProfessional, Scientific & Technical Services2,219 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$16,300Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$636.2MNet plan assets, end of year
$195,636Average balance per account
Score breakdown
- Employer generosity2.3 / 505th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 88th |
| Employee saving | 93th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,351 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $101,697 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Paul Weiss Rifkind Wharton & Garrison LLP put in about $1 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,351 |
| Participant (employee) contributions | $36,169,877 |
| Other contributions (incl. rollovers in) | $5,696,327 |
| Administrative expenses paid from the plan | $289,429 |
| Investment advisory & management fees | $59,075 |
| Benefits paid out | $45,204,208 |
| Net assets, start / end of year | $553.3M / $636.2M |
| Active participants, start / end of year | 2,100 / 2,338 |
| Participants with account balances | 3,252 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $288,288 reported compensation |
| Charles Schwab & Co, Inc | $1,141 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015230206NAL0006008385001, received 2025-10-16, EIN 13-1662105, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.