Cooley 401(k) match, vesting and fees
What Cooley's 401(k) plan says about matching contributions
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.
| Automatic enrollment | The Plan includes an automatic enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 5% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. Automatically enrolled participants will have their deferral rate increase by 1% on the anniversary of their enrollment date until their deferral rate reaches 15%. | Audit report, p. 34 ↗ |
| Roth contributions | Participants also may designate all or a portion of their deferral contributions as after-tax contributions into a Roth account. | Audit report, p. 34 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000, less the highest outstanding loan balance in the previous twelve months, or 50% of their vested account balance. The loans are secured by the balance in the participant's account. The loan interest rate, determined at loan origination, is set at the local prevailing lending rates. | Audit report, p. 35 ↗ |
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Withum Smith & Brown, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
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.
| Cooley: employer contribution per participant | $8,189 | |
| Peer median | $2,556 |
| Cooley: average balance | $327,759 | |
| Peer median | $100,166 |
| Cooley: admin expenses ÷ assets | 0.05% | |
| 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 $1.1B at the end of plan year 2021 to $1.3B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,094 | $1.3B | $32.9M | $8,189 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 3,943 | $1.2B | $30.5M | $7,857 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 4,013 | $979M | $29.2M | $7,452 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 3,728 | $1.1B | $22.2M | $6,210 | 0.07% | Not published | Form 5500 ↗ |
Other Cooley plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Cooley LLP Cash Balance Plan 2018
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 | Withumsmith+brown, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Cooley match 401(k) contributions?
The match terms for the Cooley LLP Salary Deferral and Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $32.9M in employer contributions, about $8,189 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Cooley 401(k) match vested?
The vesting schedule for the Cooley LLP Salary Deferral and Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Cooley 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Cooley LLP.
I left Cooley. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Cooley LLP, (415) 693-2000) or the recordkeeper, Schwab Retirement Plan Services,inc. The Cooley old 401(k) page lists the contacts from every plan filing. Find an old Cooley 401(k)
Data from the public Form 5500 annual reports Cooley 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 Cooley. Not financial advice. Report a correction · Methodology