Department of Labor filing

MILBANK LLP

MILBANK RETIREMENT SAVINGS PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 8, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

89filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$9,372

Reported employer contributions per active participant.

Higher than about 89% of comparable plans

#People in the filing

1,061

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$25 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 88% of comparable plans

↗Investment performance

Not available

Plan assets changed 9.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202489out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions89th percentileTypical peer $3,106 · based on 1,380 comparable plans

Lower reported administrative expense88th percentileTypical peer $113 · based on 1,398 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MILBANK LLP reported $9,943,365 in employer contributions across the plan and 1,061 active participants. That works out to $9,372 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy55%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 8.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 57.4%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context89/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $9,943,365
Participant contributions: $17,176,062
Other contributions: $1,703,260
Employer share of reported contributions: 36.7%
Beginning assets: $475,618,576
Ending assets: $521,397,898
Ending net assets: $521,397,898
Ending liabilities: $0
Total income: $96,081,430
Total expenses: $50,302,108
Administrative expenses: $47,062
Participant loans: $1,814,944

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$8,636

2023

$9,495

2024

$9,372

Plan-paid administrative expenses per participant

2022

$58

2023

$34

2024

$25

Active participants

2022

947

2023

999

2024

1,061

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$9,372	1,061	521.4M	20251008112613NAL0009648832001
2023	$9,495	999	475.6M	20241014141933NAL0013438931001
2022	$8,636	947	400M	20231012162734NAL0031822353001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 135533689-003

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Apr 1, 1984
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2F2G2J2K2S2T3B3F2E3D2R

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251008112613NAL0009648832001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗