Plan Snapshot
- Plan Sponsor: Reed Smith LLP
- Sponsor EIN: 250749630
- Sponsor Address: 20 STANWIX STREET, PITTSBURGH, PA, 152224803
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 2,024
- Total Assets: $6.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,024 | $6.4M | $36.7M | $1.5M |
| 2023 | 2,013 | $6.6M | $33.4M | $3.6M |
| 2022 | 2,073 | $10.8M | $32.2M | $4.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| HIGHMARK | Other Service Provider | $1,490,584 | — | $1,490,584 |
| HUB INTERNATIONAL | Other Service Provider | $54,739 | — | $54,739 |
| OASIS SOFTWARE II, LLC | Other Service Provider | $47,950 | — | $47,950 |
| WEX, INC. | Other Service Provider | $37,015 | — | $37,015 |
| BAKER TILLY USA | Auditor | $16,300 | — | $16,300 |
| BANK OF NEW YORK MELLON | Other Service Provider | $5,953 | — | $5,953 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY USA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,652,541
- Estimated Expense Ratio: 25.792% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,684,249 | — | — | — | — |
| 2023 | $936,686 | — | — | — | — |
| 2022 | $793,268 | — | — | — | — |