Akin Gump Strauss Hauer & Feld 401(k) match, vesting and fees
What Akin Gump Strauss Hauer & Feld's 401(k) plan says about matching contributions
The Partnership may designate any portion of a contribution as a Partnership matching contribution, profit sharing contribution, discretionary profit-sharing contribution, qualified non-elective contribution or a qualified matching contribution. In 2024, the Partnership made a matching contribution equal to 10% of each participant’s salary reduction contributions for all participants except “non-partner attorneys”, who made salary reduction contributions of at least 4% of compensation, completed a minimum of 1,000 hours of service, and were employed on December 31. Matching contributions totaled $1,245,273 for the year ended December 31, 2024.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 33 ↗ |
| Match vesting | Vesting—Participants are vested immediately in their rollover, salary reduction, qualified non-elective and matching accounts. Vesting in their discretionary profit-sharing account is based on years of vesting service. A participant is fully vested after six years of credited service. | Audit report, p. 33 ↗ |
| Automatic enrollment | The Plan has an automatic enrollment feature. Participants can elect to stop or change this automatic contribution. | Audit report, p. 33 ↗ |
| Roth contributions | Contributions—Participant contributions consist of pre-tax, Roth, and after-tax contributions. | Audit report, p. 32 ↗ |
| Loans | Notes Receivable from Participants—Participants may borrow from their fund accounts a minimum of $1,000, up to a maximum equal to the lesser of $50,000 or 50% of their account balance. The term of the repayment of a loan generally may not exceed 5 years. However, if the loan is used to secure the purchase of a principal dwelling, a longer repayment term of up to 10 years may be permitted. The loans are secured by the balance in the participant’s account and bear interest at rates which are commensurate with local prevailing rates as determined by the Committee. | Audit report, p. 34 ↗ |
| Recordkeeper | Voya Institutional Plan Services | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,087 defined-contribution plans in professional, scientific, and technical services with 1,000 to 4,999 participants.
| Akin Gump Strauss Hauer & Feld: employer contribution per participant | $6,998 | |
| Peer median | $2,556 |
| Akin Gump Strauss Hauer & Feld: average balance | $327,503 | |
| Peer median | $100,166 |
| Akin Gump Strauss Hauer & Feld: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $801M at the end of plan year 2021 to $843M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,609 | $843M | $18M | $6,998 | 0.09% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 2,652 | $768M | $17.6M | $6,641 | 0.10% | Not published | Form 5500 ↗ |
| 2022 | 2,587 | $666M | $15.9M | $6,244 | 0.09% | Not published | Form 5500 ↗ |
| 2021 | 2,512 | $801M | $14.7M | $5,951 | 0.09% | Not published | Form 5500 ↗ |
Other Akin Gump Strauss Hauer & Feld plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Akin Gump Strauss Hauer & Feld Partners' Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Deloitte & Touche LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Akin Gump Strauss Hauer & Feld match 401(k) contributions?
The audit report attached to the Akin Gump Strauss Hauer & Feld LLP Section 401(k) Profit Sharing Plan's plan year 2024 Form 5500, page 33 says: “The Partnership may designate any portion of a contribution as a Partnership matching contribution, profit sharing contribution, discretionary profit-sharing contribution, qualified non-elective contribution or a qualified matching contribution. In 2024, the Partnership made a matching contribution equal to 10% of each participant’s salary reduction contributions for all participants except “non-partner attorneys”, who made salary reduction contributions of at least 4% of compensation, completed a minimum of 1,000 hours of service, and were employed on December 31. Matching contributions totaled $1,245,273 for the year ended December 31, 2024.” Plan terms may have changed; check your current Summary Plan Description.
When is the Akin Gump Strauss Hauer & Feld 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 33 says: “Vesting—Participants are vested immediately in their rollover, salary reduction, qualified non-elective and matching accounts. Vesting in their discretionary profit-sharing account is based on years of vesting service. A participant is fully vested after six years of credited service.”
Who manages the Akin Gump Strauss Hauer & Feld 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Voya Institutional Plan Services. The plan administrator is Akin Gump Strauss Hauer & Feld LLP.
I left Akin Gump Strauss Hauer & Feld. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Akin Gump Strauss Hauer & Feld LLP, (214) 969-2800) or the recordkeeper, Voya Institutional Plan Services. The Akin Gump Strauss Hauer & Feld old 401(k) page lists the contacts from every plan filing. Find an old Akin Gump Strauss Hauer & Feld 401(k)
Data from the public Form 5500 annual reports Akin Gump Strauss Hauer & Feld filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Akin Gump Strauss Hauer & Feld. Not financial advice. Report a correction · Methodology