McCarter & English, LLP401(k)
MCCARTER AND ENGLISH RETIREMENT AND SAVINGS PLAN · NEWARK, NJ · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
McCarter & English, LLP reported $272,578 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $9,090 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 2 years on file its reported administrative ratio rose from 0.03% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 122nd-largest of 2,419 plans among New Jersey employers on file, and the 357th of 11,654 in professional & technical services. In 2024, employees put in $1.50 for every $1.00 the employer contributed; active participation has grown from 707 to 801 since 2022.
McCarter & English, LLP's 2024 employer contribution ran above the $4,294 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 221534652 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.