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Retirement plan

LATHAM & WATKINS 401(K) SAVINGS AND PROFIT SHARING PLAN

LATHAM & WATKINS LLPEIN 95-2018373Plan #001PY 2024
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555 WEST FIFTH STREET, SUITE 300 - LOS ANGELES, CA 900131021213-891-1200
Other plans on this EIN
1 filing
#046Retirement-$450.6M assets
Prospect flagsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(213) 891-1200
Plan administrator signer
BOBBY KOLB
Signed 07/25/2025
How to read this page

Summary metrics

Total assets (EOY)
$3071.1M
-9.6% from 2016
Total participants
8,106
-2.9% from 2016
Average account balance
$382,936
-7.0% from 2016
Annual return
15.63%
-10.83 pp from 2016

Benchmarks

See 949 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort949 peers
Snapshot2024
Participant deferral / active EE
$21,545
median $8,565
Employer contribution / active EE
$11,379
median $2,919
Participation rate
98.2%
median 90.6%
Avg account balance
$382,936
median $91,168
Admin fee / account holder
$170
median $102
Annual return
15.63%
median 16.65%
Overall peer rank
71st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.07B
Average account balance
Total assets / participants with a balance (line 6g)
$383K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,020
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.2%
Contributions (total)
Employer and participant dollars contributed each year
$160.14M
Contributions per participant
Average employer and participant contribution per enrolled participant
$33K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.63%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$170
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 33 by compensation
ProviderService typeCompensation
SCHWAB RETIREMENT PLAN SERVICES,INC7 years
Service code 15 · EIN 34-1479833
Recordkeeping
$260,064
SAGE ADVISORY GROUP4 years
Service code 28 · EIN 33-0818667
Investment Management
$140,000
MARINER PLATFORM SOLUTIONS LLC3 years
Service code 26 · EIN 84-3582920
Advisory (Participants)
$124,937
CHEVY CHASE TRUST COMPANY7 years
Service code 26 · EIN 52-2037618
Advisory (Participants)
$116,322
LMCG INVESTMENTS LLC10+ years
Service code 26 · EIN 27-0282607
Advisory (Participants)
$88,582
HIGHTOWER ADVISORS LLC4 years
Service code 26 · EIN 36-4500709
Advisory (Participants)
$68,226
SRS CAPITAL ADVISORS LLC1 year
Service code 26 · EIN 20-5519650
Advisory (Participants)
$45,730
WESTMOUNT PARTNERS LLC1 year
Service code 26 · EIN 45-2550468
Advisory (Participants)
$36,251
RNC GENTER CAPITAL MANAGEMENT10+ years
Service code 26 · EIN 95-4670255
Advisory (Participants)
$35,157
CAPITAL MGMT SERVICES INC3 years
Service code 26 · EIN 43-1410129
Advisory (Participants)
$27,892

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$1.4M
$280 / participant
  • Recordkeeping$25K1.8%
  • Investment mgmt$1M95.2%
  • Legal$12K0.9%
  • Contract admin$7K0.5%
  • Other / not subdivided$21K1.5%
% of EOY assets
0.044%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN
954345526
Audit fees
$20,668
Opinion code
Unqualified