Plan Ledger DOL Form 5500 · updated monthly

Covington & Burling LLP401(k)

COVINGTON & BURLING RETIREMENT SAVINGS PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.04%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Covington & Burling LLP reported $637,419 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $13,782 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.040%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 8th-largest of 618 plans among District of Columbia employers on file, and the 94th of 11,654 in professional & technical services. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,705,921,067
Participants with balances3,323
Active participants2,086
Employer contributions$28,750,100
Employee contributions$40,553,517
Employer contribution per active participant$13,782
Average account balance$513,368
Benefits paid to participants$98,065,666
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.7B · 3,323 accts · $28.8M emplr
2023$1.5B · 3,212 accts · $26.2M emplr
2022$1.2B · 3,099 accts · $24.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$178,388
Investment management$449,056
Audit (IQPA)$9,975
Total administrative$637,419
The Covington & Burling LLP 401(k) match · 2024
Employer contribution per active participant$13,782
Median for plans this size$5,259
2024$13,782 per active participant
2023$13,112 per active participant
2022$12,679 per active participant

Covington & Burling LLP's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$163,425
FINANCIAL ENGINES INC · Investment management$362,669
MORGAN STANLEY SMITH BARNEY · Investment management$61,449
BAKER TILLY US LLP · Accounting / audit · Legal$24,938

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$637,419 · 0.04%
2023$545,429 · 0.04%
2022$519,857 · 0.04%
Same employer
Similar plansProfessional & Technical Services · District of Columbia
The Aerospace Corporation CA$1.8B · 0.02%
The Mathworks, Inc. MA$1.8B · 0.04%
Ss&C Technologies, Inc CT$1.8B · 0.03%
Dla Piper LLP (US) MD$1.7B · 0.03%
Cdm Smith Inc. MA$1.7B · 0.06%
Foley & Lardner LLP WI$1.7B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530188411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.