New Jersey › Professional, scientific and technical services › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
KPMG 401(k) Capital Accumulation Plan
Sponsored by KPMG LLP, Montvale, NJ
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.
KPMG LLP of Montvale, New Jersey sponsors KPMG 401(k) Capital Accumulation Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 55,312 participants (36,163 active) and $10.5B in net assets.
Net assets came to $189,617 per participant, well above the $62,774 median for defined contribution plans with 25,000 or more participants and well above the $73,951 median for defined contribution 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.
The employer contributed $390M during the year, or $10,795 per active participant against a same-size median of $2,417; participants contributed $468M and $104M arrived as rollovers and other contributions. Benefits paid out totalled $761M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $1.9M: $34.27 per participant, below the same-size median of $36.41. Administrative expenses charged to the plan were $2.2M. 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 $2.02B in 2009 to $10.5B in 2024 (up 420%), and participants from 33,719 to 55,312 (up 64%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $189,617 | $62,774 | $73,951 | $53,102 |
| Employer contributions per active participant | $10,795 | $2,417 | $3,219 | $2,175 |
| Schedule C compensation per participant | $34.27 | $36.41 | $148 | $123 |
| Schedule C compensation, share of net assets | 0.02% | 0.07% | 0.22% | 0.26% |
| Administrative expenses per participant | $39.83 | $38.81 | $140 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), professional, scientific and technical services (9,776) and all US plans (63,460). 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 | 55,312 | $10.5B | $189,617 | $390M | $468M | $1.9M |
| 2023 | 55,389 | $8.94B | $161,358 | $379M | $466M | $2.0M |
| 2022 | 56,665 | $7.22B | $127,472 | $354M | $426M | $2.0M |
| 2021 | 52,342 | $8.03B | $153,497 | $35.9M | $368M | $1.8M |
| 2020 | 48,419 | $6.95B | $143,620 | $38.8M | $341M | $1.9M |
| 2019 | 49,578 | $6.05B | $121,976 | $78.3M | $327M | $1.8M |
| 2018 | 46,580 | $4.79B | $102,761 | $73.5M | $300M | $1.7M |
| 2017 | 45,442 | $4.96B | $109,132 | $70.3M | $275M | $1.8M |
| 2016 | 43,723 | $4.06B | $92,891 | $64.5M | $253M | $2.2M |
| 2015 | 41,274 | $3.54B | $85,670 | $57.5M | $227M | $2.2M |
| 2014 | 38,221 | $3.43B | $89,746 | $46.9M | $189M | $593K |
| 2013 | 35,025 | $3.12B | $89,130 | $19.7M | $164M | $446K |
| 2012 | 34,635 | $2.54B | $73,268 | $18.4M | $153M | $435K |
| 2011 | 33,678 | $2.25B | $66,865 | $16.2M | $142M | $369K |
| 2010 | 33,678 | $2.30B | $68,300 | $14.2M | $135M | $411K |
| 2009 | 33,719 | $2.02B | $59,766 | $17.4M | $141M | $469K |
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$8,937,478,045
- Employer contributions$390,367,935
- Participant contributions$468,299,720
- Rollovers and other contributions$104,208,757
- Total contributions$962,876,412
- Total income, including investment results$2,313,536,710
- Benefits paid$760,705,521
- Administrative expenses$2,203,202
- Total expenses$762,908,723
- Net income$1,550,627,987
- Net transfers$0
- Net assets, end of year$10,488,106,032
Participants
- Active participants36,163
- Retired or separated, receiving benefits1,334
- Retired or separated, entitled to future benefits17,649
- Participants with account balances54,737
- Total participants, end of year55,312
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Merrill Lynch, Pierce, Fenner | Recordkeeping and information management; Trustee (bank, trust company, or similar financial institution); Participant loan processing; Participant communication | $1,753,561 | $0 |
| Grant Thornton LLP | Accounting (including auditing) | $91,520 | $0 |
| Willis Towers Watson | Recordkeeping and information management; Participant communication | $49,852 | $0 |
| The Vanguard Group, Inc. | Non-monetary compensation | $0 | $834 |
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
- Trustee and custodial fees$1,701,448
- Investment advisory and management fees$226,788
- Legal fees$121,938
- IQPA audit fees$91,520
- Recordkeeping fees$58,274
- Other administrative expenses$3,234
- Total administrative expenses$2,203,202
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.
- Registered investment companies (mutual funds)$5.52B · 52.6%
- Common/collective trusts$4.53B · 43.1%
- Receivables$392M · 3.7%
- Participant loans$53.5M · 0.5%
- Cash (interest and non-interest bearing)$4.2M · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmGrant Thornton LLP
- Participant contributions reported as transmitted lateYes, $5,313
- Covered by a fidelity bondYes, $15,000,000
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3BPlan covering self-employed individuals3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541211: Offices of Certified Public Accountants.
Other plans of KPMG LLP
| Plan | Participants | Net assets |
|---|---|---|
| KPMG Pension Plan | 71,845 | $3.07B |
| KPMG Partner Pension Plan | 3,267 | $1.86B |
| KPMG Partner Retirement Savings Plan | 2,601 | $524M |
| KPMG Personal Account for Retirement | 1,877 | $272M |
| KPMG Puerto Rico Capital Accumulation Plan | 180 | $24.3M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| TCS 401(k) Plan | Tata America International Corporation | 60,401 | $2.36B | $39,049 |
| Cognizant Technology Solutions 401(k) Savings Plan | Cognizant Technology Solutions | 54,490 | $3.04B | $55,858 |
| Ernst & Young Retirement Savings Plan | Ernst & Young U.S. LLP | 97,058 | $18.3B | $188,823 |
| Conduent Savings Plan | Conduent Business Services, LLC | 31,630 | $1.01B | $31,920 |
| Wipro Limited 401(k) Plan | Wipro Limited | 16,144 | $831M | $51,484 |
| Staffing Alternatives 401(k) Plan | Gregory Evan, Inc. d/b/a Staffing Alternatives | 12,725 | $4.2M | $330 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is KPMG 401(k) Capital Accumulation Plan?
55,312 participants at the end of the plan year ending 31 Dec 2024, of whom 36,163 were active employees, with net assets of $10,488,106,032. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does KPMG LLP contribute per participant?
The filing reports $390,367,935 in employer contributions for the year, which is $10,795 per active participant; the median for plans of the same type and size was $2,417 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $1,895,767 in compensation to service provider organisations, $34.27 per participant or 0.02% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $2,203,202. 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 KPMG LLP. Recordkeeping or administration: Merrill Lynch, Pierce, Fenner and Willis Towers Watson. Trustee or custodian: Merrill Lynch, Pierce, Fenner. The financial statements were audited by Grant Thornton 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 10 Oct 2025. 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 13-5565207, plan 011, received 10 Oct 2025; 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.