New Jersey › Professional, scientific and technical services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
KPMG Personal Account for Retirement
Sponsored by KPMG LLP C/o Total Rewards Dept, 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.
In the plan year ending 30 Apr 2025, KPMG Personal Account for Retirement covered 1,877 participants and held $272M in net assets. The plan is a defined contribution plan sponsored by KPMG LLP C/o Total Rewards Dept of Montvale, New Jersey.
Net assets came to $144,977 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 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.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $96K: $51.22 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $107K. 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 $555M in 2009 to $272M in 2024 (down 51%), and participants from 3,810 to 1,877 (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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $144,977 | $50,295 | $73,951 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $3,219 | $2,175 |
| Schedule C compensation per participant | $51.22 | $82.08 | $148 | $123 |
| Schedule C compensation, share of net assets | 0.04% | 0.17% | 0.22% | 0.26% |
| Administrative expenses per participant | $57.13 | $82.20 | $140 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 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 | 1,877 | $272M | $144,978 | — | — | $96K |
| 2023 | 2,021 | $279M | $138,156 | — | — | $91K |
| 2022 | 2,198 | $288M | $131,250 | — | — | $98K |
| 2021 | 2,325 | $323M | $139,023 | — | — | $103K |
| 2020 | 2,476 | $389M | $157,198 | — | — | $111K |
| 2019 | 2,685 | $337M | $125,355 | — | — | $114K |
| 2018 | 2,847 | $388M | $136,117 | — | — | $131K |
| 2017 | 3,163 | $424M | $133,966 | — | — | $142K |
| 2016 | 3,296 | $434M | $131,822 | — | — | $159K |
| 2015 | 3,421 | $438M | $128,043 | — | — | $215K |
| 2014 | 3,537 | $495M | $139,903 | — | — | $301K |
| 2013 | 3,694 | $511M | $138,277 | — | — | $289K |
| 2012 | 3,877 | $536M | $138,364 | — | — | $265K |
| 2011 | 4,071 | $522M | $128,275 | — | — | $253K |
| 2010 | 4,162 | $557M | $133,802 | — | — | $771K |
| 2009 | 3,810 | $555M | $145,652 | — | — | $956K |
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$279,212,617
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$25,803,771
- Benefits paid$32,786,661
- Administrative expenses$107,224
- Total expenses$32,893,885
- Net income−$7,090,114
- Net transfers$0
- Net assets, end of year$272,122,503
Participants
- Active participants373
- Retired or separated, receiving benefits152
- Retired or separated, entitled to future benefits1,313
- Participants with account balances1,796
- Total participants, end of year1,877
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Merrill Lynch,pierce,fenner & Smith | Recordkeeping and information management | $82,566 | $0 |
| Willie Farr & Gallagher LLP | Legal | $13,583 | $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
- Recordkeeping fees$82,694
- Legal fees$24,287
- Other administrative expenses$243
- Total administrative expenses$107,224
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)$143M · 52.5%
- Common/collective trusts$129M · 47.5%
- Receivables$30K · 0.0%
- Cash (interest and non-interest bearing)$66 · 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 lateNo
- 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
2BTarget benefit plan2FERISA section 404(c) plan2GTotal participant-directed account plan2TTotal 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 group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
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 C/o Total Rewards Dept
| Plan | Participants | Net assets |
|---|---|---|
| KPMG Pension Plan | 71,845 | $3.07B |
| KPMG 401(k) Capital Accumulation Plan | 55,312 | $10.5B |
| KPMG Partner Pension Plan | 3,267 | $1.86B |
| KPMG Partner Retirement Savings Plan | 2,601 | $524M |
| KPMG Puerto Rico Capital Accumulation Plan | 180 | $24.3M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Mathematica Group Holding Inc. Employee Stock Ownership Plan | Mathematica Group Holding Inc. | 1,903 | $281M | $147,417 |
| Holtec International Profit Sharing Plan and Trust | Holtec International | 1,759 | $137M | $77,694 |
| Hexaware Technologies, Incorporated Retirement Plan | Hexaware Technologies, Incorporated | 2,108 | $34.7M | $16,459 |
| Legend Biotech 401(k) Plan | Legend Biotech USA, Inc. | 1,666 | $65.8M | $39,513 |
| Coforge Limited 401(k) Plan | Coforge Limited | 2,145 | $99.4M | $46,337 |
| Zensar 401(k) Plan | Zensar Technologies, Inc. | 1,614 | $109M | $67,710 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is KPMG Personal Account for Retirement?
1,877 participants at the end of the plan year ending 30 Apr 2025, of whom 373 were active employees, with net assets of $272,122,503. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does KPMG LLP C/o Total Rewards Dept 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 $96,149 in compensation to service provider organisations, $51.22 per participant or 0.04% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $107,224. 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 C/o Total Rewards Dept. Recordkeeping or administration: Merrill Lynch,pierce,fenner & Smith. 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 19 Dec 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 013, received 19 Dec 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.