Employers › Reed Smith
Recordkeeping fees per participant · Reed Smith 401(k) Plan · plan year 2024
$1.26
Higher than 2% of the 790 plans over $1B that report it.
= $4,078 / 3,236
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013123536NAL0000607763001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013123536NAL0000607763001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Administrative expenses excluding investment management, per participant
$46.77
Higher than 53% of the 1,045 plans over $1B that report it.
= $151,362 / 3,236
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013123536NAL0000607763001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013123536NAL0000607763001, received 2025-10-13
Administrative expenses per participant
$73.49
Higher than 53% of the 1,076 plans over $1B that report it.
= $237,814 / 3,236
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013123536NAL0000607763001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013123536NAL0000607763001, received 2025-10-13
Administrative expenses as a share of assets
0.020%
Higher than 17% of the 1,076 plans over $1B that report it.
= $237,814 / $1,189,114,820
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013123536NAL0000607763001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013123536NAL0000607763001, received 2025-10-13
Employer contributions per participant
$8,589
Higher than 89% of the 1,135 plans over $1B that report it.
= $27,793,780 / 3,236
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013123536NAL0000607763001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013123536NAL0000607763001, received 2025-10-13
Employer share of total contributions
45.6%
Higher than 86% of the 1,135 plans over $1B that report it.
= $27,793,780 / $60,886,639
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013123536NAL0000607763001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013123536NAL0000607763001, received 2025-10-13
Plan terms are not published in public filings.
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013123536NAL0000607763001, received 2025-10-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | REED SMITH LLP | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Plan name | REED SMITH 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Sponsor EIN / plan number | 25-0749630 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Sponsor location | PITTSBURGH, PA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Industry (business code) | 541110, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Participants, beginning of year | 3,345 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Active participants | 2,094 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Participants, end of year | 3,414 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Participants with an account balance | 3,236 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Total assets, beginning of year | $1,090,963,933 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Total assets, end of year | $1,189,114,820 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Net assets, end of year | $1,189,113,028 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Total income | $219,596,496 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Net income | $98,159,315 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Employer contributions | $27,793,780 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Participant contributions | $25,633,063 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $7,459,796 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Total contributions | $60,886,639 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Benefit payments | $121,191,902 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $121,437,181 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Total administrative expenses | $237,814 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Recordkeeping fees | $4,078 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| IQPA audit fees | $16,300 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Investment advisory and management fees | $86,452 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Administrative expenses excluding investment management | $151,362 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Held in common/collective trusts | $394,612,620 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Held in mutual funds | $753,158,004 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013123536NAL0000607763001, received 2025-10-13 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013123536NAL0000607763001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013123536NAL0000607763001, received 2025-10-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDUCIENT ADVISORS LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $130,984 | no |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $86,452 | no |
| BAKER TILLY VIRCHOW KRAUSE, LLP | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $16,300 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $4,864 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013123536NAL0000607763001, received 2025-10-13.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,090,963,933 | $1,189,114,820 | 9.0% |
| Participants with a balance | 3,175 | 3,236 | 1.9% |
| Administrative expenses | $243,543 | $237,814 | -2.4% |
| Recordkeeping fees per participant | $7.17 | $1.26 | -82.4% |
| Employer contributions | $26,298,649 | $27,793,780 | 5.7% |
Prior filing 20241014170419NAL0027932417001, received 2024-10-14; the plan years are contiguous.
Sponsor name as filed: REED SMITH LLP; SEC registrant: Reed Smith LLP (CIK 1481256, matched by EIN).