New York › Professional, scientific and technical services › 500 to 999 participants
Form 5500 statement · plan year 1 Nov 2024 to 31 Oct 2025
Employees' Retirement Plan of Proskauer Rose LLP
Sponsored by Proskauer Rose LLP, New York, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Employees' Retirement Plan of Proskauer Rose LLP is a defined benefit pension plan sponsored by Proskauer Rose LLP of New York, New York. For the plan year ending 31 Oct 2025 it reported 553 participants, 147 of them active, and net assets of $53.8M.
Net assets came to $97,293 per participant, above the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $176,808 median for defined benefit plans in professional, scientific and technical services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $584K: $1,055 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $652K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $40.1M in 2009 to $53.8M in 2024 (up 34%), and participants from 1,120 to 553 (down 51%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $97,293 | $86,583 | $176,808 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $35,855 | $10,244 |
| Schedule C compensation per participant | $1,055 | $377 | $450 | $344 |
| Schedule C compensation, share of net assets | 1.1% | 0.48% | 0.30% | 0.42% |
| Administrative expenses per participant | $1,180 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), professional, scientific and technical services (277) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 553 | $53.8M | $97,293 | — | — | $584K |
| 2023 | 638 | $55.8M | $87,408 | — | — | $355K |
| 2022 | 660 | $53.3M | $80,770 | — | — | $71K |
| 2021 | 677 | $53.5M | $79,003 | — | — | $0 |
| 2020 | 708 | $66.7M | $94,260 | $4.5M | — | $0 |
| 2019 | 741 | $55.9M | $75,425 | — | — | $0 |
| 2018 | 771 | $56.4M | $73,106 | $1.5M | — | $0 |
| 2017 | 793 | $55.5M | $70,013 | $4.7M | — | $0 |
| 2016 | 815 | $55.5M | $68,082 | $3.7M | — | $0 |
| 2015 | 839 | $50.6M | $60,294 | $3.3M | — | $0 |
| 2014 | 859 | $49.1M | $57,210 | $2.8M | — | $0 |
| 2013 | 891 | $50.5M | $56,710 | $1.6M | — | $0 |
| 2012 | 940 | $49.8M | $52,997 | $1.5M | — | $0 |
| 2011 | 979 | $44.5M | $45,420 | $1.2M | — | $0 |
| 2010 | 1,035 | $42.0M | $40,534 | $3.2M | — | $0 |
| 2009 | 1,120 | $40.1M | $35,766 | $3.0M | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$55,765,927
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$2,163,101
- Benefits paid$3,473,416
- Administrative expenses$652,321
- Total expenses$4,125,737
- Net income−$1,962,636
- Net transfers$0
- Net assets, end of year$53,803,291
Participants
- Active participants147
- Retired or separated, receiving benefits174
- Retired or separated, entitled to future benefits225
- Total participants, end of year553
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| PWC US Tax LLP | Actuarial | $213,900 | $0 |
| Carlyle Strategic Partners IV LP | Investment management | $106,906 | $0 |
| Wellington Management Company | Investment management | $103,827 | $0 |
| Morgan Stanley | Investment management | $75,000 | $0 |
| Setter Capital Inc. | Other services | $38,529 | $0 |
| Midwest Inst.trust Co. | Custodial (other than securities) | $24,099 | $0 |
| Newport Trust Company | Other services | $15,000 | $0 |
| Simpson Thacher & Bartlett LLP | Legal | $6,250 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$285,733
- Actuarial fees$213,900
- Other administrative expenses$122,339
- Trustee and custodial fees$24,099
- Legal fees$6,250
- Total administrative expenses$652,321
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$51.7M · 96.0%
- Registered investment companies (mutual funds)$2.1M · 4.0%
- Receivables$7,400 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmEisnerAmper LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541110: Offices of Lawyers.
Other plans of Proskauer Rose LLP
| Plan | Participants | Net assets |
|---|---|---|
| Proskauer Rose LLP Savings Plan for Staff and Partners | 1,244 | $394M |
| Proskauer Rose LLP Profit Sharing Plan | 1,116 | $114M |
| Proskauer Rose LLP Savings Plan for Associates | 1,061 | $177M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pension Plan of Debevoise & Plimpton LLP | Debevoise & Plimpton LLP | 560 | $92.4M | $164,944 |
| Chadbourne & Parke LLP Pension Plan and Trust Agreement | Norton Rose Fulbright US LLP | 495 | $17.6M | $35,588 |
| The Legal Aid Society Retirement Plan | The Legal Aid Society | 566 | $52.5M | $92,679 |
| Retirement Plan for Non Legal Employees of STB LLP | Simpson Thacher & Bartlett LLP | 462 | $37.1M | $80,331 |
| Nfo Research, Inc. Pension Plan | Kantar LLC | 573 | $15.2M | $26,548 |
| Weil, Gotshal & Manges Partners' Defined Benefit Plan | Weil, Gotshal & Manges LLP | 454 | $347M | $764,631 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Employees' Retirement Plan of Proskauer Rose LLP?
553 participants at the end of the plan year ending 31 Oct 2025, of whom 147 were active employees, with net assets of $53,803,291. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Proskauer Rose LLP contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $583,511 in compensation to service provider organisations, $1,055 per participant or 1.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $652,321. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Proskauer Rose LLP. Investment advisory or management: Carlyle Strategic Partners IV LP, Wellington Management Company and Morgan Stanley. Trustee or custodian: Midwest Inst.trust Co.. The financial statements were audited by EisnerAmper LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Nov 2024 to 31 Oct 2025, received by the Department of Labor on 12 Aug 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-1840454, plan 001, received 12 Aug 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.