New Jersey › Professional, scientific and technical services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
KPMG Partner Pension 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.
In the plan year ending 31 Dec 2024, KPMG Partner Pension Plan covered 3,267 participants and held $1.86B in net assets. The plan is a cash balance pension plan sponsored by KPMG LLP of Montvale, New Jersey.
Net assets came to $570,427 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well above 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 10 service provider organisations paid $5,000 or more, with reported compensation of $2.0M: $614 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $2.0M. 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 $574M in 2009 to $1.86B in 2024 (up 225%), and participants from 2,152 to 3,267 (up 52%).
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 | $570,427 | $87,935 | $176,808 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $35,855 | $10,244 |
| Schedule C compensation per participant | $614 | $325 | $450 | $344 |
| Schedule C compensation, share of net assets | 0.11% | 0.41% | 0.30% | 0.42% |
| Administrative expenses per participant | $598 | $513 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 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 | 3,267 | $1.86B | $570,427 | — | $130M | $2.0M |
| 2023 | 3,283 | $1.78B | $541,589 | $152M | — | $2.4M |
| 2022 | 3,226 | $1.66B | $514,643 | $132M | — | $2.5M |
| 2021 | 3,122 | $1.85B | $592,892 | $86.0M | — | $1.7M |
| 2020 | 3,049 | $1.80B | $590,024 | $145M | — | $1.9M |
| 2019 | 2,972 | $1.55B | $521,726 | $132M | — | $2.0M |
| 2018 | 2,912 | $1.50B | $513,472 | $140M | — | $2.1M |
| 2016 | 2,718 | $1.29B | $476,142 | $128M | — | $1.8M |
| 2015 | 2,593 | $1.16B | $448,868 | $121M | — | $1.7M |
| 2014 | 2,428 | $1.09B | $450,258 | $99.6M | — | $1.6M |
| 2013 | 2,362 | $997M | $422,036 | $90.3M | — | $1.7M |
| 2012 | 2,297 | $926M | $403,212 | $86.5M | — | $1.0M |
| 2011 | 2,227 | $802M | $360,002 | $78.3M | — | $766K |
| 2010 | 2,164 | $687M | $317,669 | $72.4M | — | $533K |
| 2009 | 2,152 | $574M | $266,758 | — | $84.8M | $625K |
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$1,778,036,828
- Employer contributions—
- Participant contributions$130,055,455
- Rollovers and other contributions—
- Total contributions$130,055,455
- Total income, including investment results$262,938,907
- Benefits paid$175,434,738
- Administrative expenses$1,955,056
- Total expenses$177,389,794
- Net income$85,549,113
- Net transfers$0
- Net assets, end of year$1,863,585,941
Participants
- Active participants2,262
- Retired or separated, receiving benefits131
- Retired or separated, entitled to future benefits865
- Total participants, end of year3,267
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Goldman Sachs Asset Management | Investment management | $668,256 | $0 |
| Willis Towers Watson | Actuarial; Recordkeeping and information management; Participant communication | $536,911 | $0 |
| State Street Bank and Trust Company | Trustee (bank, trust company, or similar financial institution) | $281,934 | $0 |
| BlackRock Institutional Trust Co. | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | $171,916 | $0 |
| Grant Thornton LLP | Accounting (including auditing) | $94,640 | $0 |
| State Street Global Advisors Trust | Trustee (bank, trust company, or similar financial institution); Investment management | $88,318 | $0 |
| William Blair Funds | Investment management | $81,760 | $0 |
| Global Trust Company | Trustee (bank, trust company, or similar financial institution) | $40,873 | $0 |
| Fidelity Institutional Asset MGMT | Investment management | $39,025 | $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
- Investment advisory and management fees$998,659
- Actuarial fees$451,026
- Other administrative expenses$340,484
- IQPA audit fees$94,640
- Trustee and custodial fees$49,786
- Legal fees$20,461
- Total administrative expenses$1,955,056
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)$1.03B · 55.1%
- Common/collective trusts$752M · 40.3%
- 103-12 investment entities$32.1M · 1.7%
- Cash (interest and non-interest bearing)$25.3M · 1.4%
- Partnership/joint venture interests$21.9M · 1.2%
- Receivables$3.6M · 0.2%
- Other investments$3.0M · 0.2%
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 year—
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 related1CCash balance or similar plan3BPlan 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
| Plan | Participants | Net assets |
|---|---|---|
| KPMG Pension Plan | 71,845 | $3.07B |
| KPMG 401(k) Capital Accumulation Plan | 55,312 | $10.5B |
| 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 |
|---|---|---|---|---|
| Ernst & Young Partnership Defined Benefit Retirement Plan | Ernst & Young U.S. LLP | 3,767 | $3.02B | $801,267 |
| SGS North America Inc. Pension Plan | SGS North America Inc. | 2,357 | $140M | $59,605 |
| Ernst & Young Inactive Defined Benefit Retirement Plan | Ernst & Young U.S. LLP | 38,877 | $2.16B | $55,514 |
| Avis Rent a Car System, LLC Pension Plan | Avis Budget Group, Inc. | 1,461 | $87.5M | $59,902 |
| Ernst & Young Defined Benefit Retirement Plan | Ernst & Young U.S. LLP | 46,245 | $2.40B | $51,942 |
| Agfa Corporation Pension Plan | Agfa Corporation | 946 | $61.9M | $65,400 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is KPMG Partner Pension Plan?
3,267 participants at the end of the plan year ending 31 Dec 2024, of whom 2,262 were active employees, with net assets of $1,863,585,941. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does KPMG 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 $2,004,467 in compensation to service provider organisations, $614 per participant or 0.11% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,955,056. 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: Willis Towers Watson. Investment advisory or management: Goldman Sachs Asset Management, BlackRock Institutional Trust Co. and State Street Global Advisors Trust. Trustee or custodian: State Street Bank and Trust Company, BlackRock Institutional Trust Co. and State Street Global Advisors Trust. 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 018, 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.