Illinois › Professional, scientific and technical services › 100 to 249 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Baker & McKenzie Market Rate Cash Balance Plan I
Sponsored by Baker & McKenzie LLP, Chicago, IL
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.
Baker & McKenzie Market Rate Cash Balance Plan I is a cash balance pension plan sponsored by Baker & McKenzie LLP of Chicago, Illinois. For the plan year ending 30 Jun 2025 it reported 208 participants, 180 of them active, and net assets of $54.6M.
Net assets came to $262,367 per participant, well above the $80,635 median for defined benefit plans with 100 to 249 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.
Employer contributions were $5.6M for the year ($31,025 per active participant) and benefits paid were $2.9M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $205K: $984 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $225K. 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 $5.4M in 2015 to $54.6M in 2024 (up 912%), and participants from 183 to 208 (up 14%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $262,367 | $80,635 | $176,808 | $86,221 |
| Employer contributions per active participant | $31,025 | $9,975 | $35,855 | $10,244 |
| Schedule C compensation per participant | $984 | $451 | $450 | $344 |
| Schedule C compensation, share of net assets | 0.38% | 0.52% | 0.30% | 0.42% |
| Administrative expenses per participant | $1,084 | $582 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 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 | 208 | $54.6M | $262,365 | $5.6M | $0 | $205K |
| 2023 | 207 | $47.4M | $228,899 | $5.7M | $0 | $209K |
| 2022 | 196 | $40.3M | $205,413 | $5.5M | $0 | $182K |
| 2021 | 199 | $34.9M | $175,332 | $5.6M | $0 | $216K |
| 2020 | 214 | $39.4M | $184,061 | $6.1M | $0 | $210K |
| 2019 | 225 | $31.1M | $138,111 | $6.4M | $0 | $165K |
| 2018 | 200 | $25.0M | $124,755 | $6.3M | $0 | $85K |
| 2017 | 203 | $19.0M | $93,438 | $6.5M | $0 | $97K |
| 2016 | 193 | $12.3M | $63,699 | $6.8M | — | $65K |
| 2015 | 183 | $5.4M | $29,459 | $5.4M | — | $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$47,381,870
- Employer contributions$5,584,411
- Participant contributions$0
- Rollovers and other contributions$0
- Total contributions$5,584,411
- Total income, including investment results$10,274,497
- Benefits paid$2,858,477
- Administrative expenses$225,475
- Total expenses$3,083,952
- Net income$7,190,545
- Net transfers$0
- Net assets, end of year$54,572,415
Participants
- Active participants180
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits28
- Total participants, end of year208
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution); Investment management | $153,144 | $0 |
| NWPS | Actuarial; Recordkeeping and information management; Consulting (pension) | $28,950 | $0 |
| Crowe LLP | Accounting (including auditing) | $22,575 | $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$153,144
- Actuarial fees$28,950
- IQPA audit fees$22,575
- Other administrative expenses$20,806
- Total administrative expenses$225,475
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.
- Master trust investment accounts$51.9M · 95.0%
- Receivables$2.7M · 5.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCrowe 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
1CCash balance or similar plan3BPlan covering self-employed individuals3HPlan 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 541110: Offices of Lawyers.
Other plans of Baker & McKenzie LLP
| Plan | Participants | Net assets |
|---|---|---|
| Baker & McKenzie Illinois Profit Sharing and 401(k) Plan | 2,294 | $867M |
| Baker & McKenzie Illinois Profit Sharing Plan II | 987 | $131M |
| Baker & McKenzie Market Rate Cash Balance Plan II | 208 | $54.6M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Baker & McKenzie Market Rate Cash Balance Plan II | Baker & McKenzie LLP | 208 | $54.6M | $262,365 |
| October Three Prime Plan | October Three Management Services, Inc. | 192 | $987K | $5,140 |
| Chicago & Vicinity Laborers' District Council Fund Office Staff Pension Plan | BD of Trts-Chgo & Vicin Laborers' Dist Coun FD Office Staff Pens Fund | 212 | $84.3M | $397,418 |
| Dentons US LLP Cash Balance Plan | Dentons US LLP | 184 | $37.5M | $204,047 |
| Seyfarth Shaw LLP Market-Based Pension Plan | Seyfarth Shaw LLP | 223 | $76.8M | $344,458 |
| Jenner & Block Cash Balance Plan | Jenner & Block LLP | 154 | $100M | $651,046 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Baker & McKenzie Market Rate Cash Balance Plan I?
208 participants at the end of the plan year ending 30 Jun 2025, of whom 180 were active employees, with net assets of $54,572,415. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Baker & McKenzie LLP contribute per participant?
The filing reports $5,584,411 in employer contributions for the year, which is $31,025 per active participant; the median for plans of the same type and size was $9,975 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 $204,669 in compensation to service provider organisations, $984 per participant or 0.38% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $225,475. 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 Baker & McKenzie LLP. Recordkeeping or administration: NWPS. Investment advisory or management: Northern Trust Company. Trustee or custodian: Northern Trust Company. The financial statements were audited by Crowe 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 13 Apr 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 36-2137456, plan 011, received 13 Apr 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.