Plan Ledger DOL Form 5500 · updated monthly

Shearman & Sterling LLP401(k)

SHEARMAN & STERLING LLP RETIREMENT SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Shearman & Sterling LLP reported $193,381 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,340 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 fell from 0.05% to 0.04%. 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 215th-largest of 5,648 plans among New York employers on file, and the 331st of 11,654 in professional & technical services. In 2024, employees put in $3.16 for every $1.00 the employer contributed; active participation has shrunk from 1,038 to 708 since 2022.

Plan summary
Net assets, end of year$542,143,329
Participants with balances2,203
Active participants708
Employer contributions$3,780,387
Employee contributions$11,931,087
Employer contribution per active participant$5,340
Average account balance$246,093
Benefits paid to participants$57,420,534
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$542.1M · 2,203 accts · $3.8M emplr
2023$502.7M · 2,241 accts · $1.7M emplr
2022$449.5M · 2,387 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$119,035
Total administrative$193,381
The Shearman & Sterling LLP 401(k) match · 2024
Employer contribution per active participant$5,340
Median for plans this size$4,294
2024$5,340 per active participant
2023$2,046 per active participant
2022$5,931 per active participant

Shearman & Sterling LLP's 2024 employer contribution ran above the $4,294 median for plans its size. 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 · 20243
T ROWE PRICE RPS INC · Recordkeeping · Trustee$119,035
FIDUCIENT ADVISORS · Consulting$74,346
CHARLES SCHWAB & CO., INC. · Securities brokerage$100

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$193,381 · 0.04%
2023$249,096 · 0.05%
2022$249,588 · 0.05%
All plans at this employer4
ALLEN & OVERY ASSOCIATES 401(K) PLAN401(k)
SHEARMAN & STERLING LLP RETIREMENT SAVINGS PLAN401(k)
ALLEN & OVERY 401(K) PROFIT SHARING PLAN401(k)
SHEARMAN & STERLING LLP PARTNERS DEFINED CONTRIBUTION PLANProfit-sharing plan
Same employer
Similar plansProfessional & Technical Services · New York
Marcum LLP NY$558.0M · 0.05%
Hazen and Sawyer, D.P.C. NY$549.5M · 0.00%
Milbank LLP NY$521.4M · 0.01%
Skanska USA Inc. NY$500.7M · 0.06%
Thornton Tomasetti, Inc. NY$468.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135514352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.