Weil, Gotshal & Manges LLP 401(k) Review & Grade
Weil, Gotshal & Manges Section 401(k) Savings and Investment Plan
New York, NYProfessional, Scientific & Technical Services1,643 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,211Employer $ per active participant
$15,844Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$785.9MNet plan assets, end of year
$289,355Average balance per account
Score breakdown
- Employer generosity44.4 / 5089th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 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 | 89th |
| Lower admin cost | 100th |
| Employee saving | 92th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,898 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Weil, Gotshal & Manges LLP put in about $9,211 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.
- 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 | $15,134,232 |
| Participant (employee) contributions | $26,030,931 |
| Other contributions (incl. rollovers in) | $2,445,744 |
| Administrative expenses paid from the plan | $13,476 |
| Contract administrator fees | $1,200 |
| Benefits paid out | $62,716,787 |
| Net assets, start / end of year | $695.1M / $785.9M |
| Active participants, start / end of year | 1,644 / 1,642 |
| Participants with account balances | 2,716 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Instl Ops Co. | $13,476 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009094731NAL0006783793001, received 2025-10-09, EIN 13-1456110, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.