Georgia › Professional, scientific and technical services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
King & Spalding LLP Cash Balance Pension Plan
Sponsored by King & Spalding LLP, Atlanta, GA
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 2025, King & Spalding LLP Cash Balance Pension Plan covered 197 participants and held $355M in net assets. The plan is a cash balance pension plan sponsored by King & Spalding LLP of Atlanta, Georgia.
Net assets came to $1,494,587 per participant in plan year 2024, 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 $45.4M for the year ($240,304 per active participant) and benefits paid were $39.9M. 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 4 service provider organisations paid $5,000 or more, with reported compensation of $295K: $1,497 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $317K. 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 $19.6M in 2014 to $355M in 2025 (up 1713%), and participants from 173 to 197 (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, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $1,494,587 | $80,635 | $176,808 | $86,221 |
| Employer contributions per active participant | $242,706 | $9,975 | $35,855 | $10,244 |
| Schedule C compensation per participant | $2,167 | $451 | $450 | $344 |
| Schedule C compensation, share of net assets | 0.14% | 0.52% | 0.30% | 0.42% |
| Administrative expenses per participant | $2,269 | $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 |
|---|---|---|---|---|---|---|
| 2025 | 197 | $355M | $1,803,782 | $45.4M | — | $295K |
| 2024 | 207 | $309M | $1,494,589 | $47.1M | — | $449K |
| 2023 | 208 | $259M | $1,242,990 | $54.5M | — | $646K |
| 2022 | 215 | $197M | $917,186 | $64.4M | — | $692K |
| 2021 | 205 | $170M | $830,663 | $35.3M | — | $485K |
| 2020 | 193 | $143M | $740,254 | $35.7M | — | $301K |
| 2019 | 189 | $108M | $571,487 | $23.6M | — | $422K |
| 2018 | 184 | $86.2M | $468,701 | $25.4M | — | $347K |
| 2017 | 184 | $75.0M | $407,674 | $24.8M | — | $298K |
| 2016 | 188 | $58.1M | $309,016 | $23.8M | — | $283K |
| 2015 | 178 | $38.7M | $217,253 | $21.3M | — | $324K |
| 2014 | 173 | $19.6M | $113,318 | $20.1M | — | $138K |
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$309,379,560
- Employer contributions$45,417,446
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$45,417,446
- Total income, including investment results$86,152,537
- Benefits paid$39,870,602
- Administrative expenses$316,942
- Total expenses$40,187,544
- Net income$45,964,993
- Net transfers$0
- Net assets, end of year$355,344,553
Participants
- Active participants189
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits8
- Total participants, end of year197
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fiducient Advisors LLC | Investment advisory (plan) | $125,248 | $0 |
| PWC US Tax LLP | Actuarial | $108,000 | $0 |
| Ernst & Young LLP | Accounting (including auditing) | $51,000 | $0 |
| Schwab Retirement Plan Services | Recordkeeping and information management; Trustee (bank, trust company, or similar financial institution) | $10,752 | $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$125,248
- Actuarial fees$108,000
- IQPA audit fees$51,000
- Other administrative expenses$21,942
- Recordkeeping fees$10,752
- Total administrative expenses$316,942
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)$300M · 84.3%
- Other investments$51.4M · 14.5%
- Receivables$4.3M · 1.2%
- Cash (interest and non-interest bearing)$125K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmErnst & Young 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
1CCash balance or similar plan3BPlan covering self-employed individuals3FPlan sponsor(s) received services of leased employees
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541110: Offices of Lawyers.
Other plans of King & Spalding LLP
| Plan | Participants | Net assets |
|---|---|---|
| King & Spalding LLP Profit Sharing - 401(k) Plan | 3,265 | $1.42B |
Similar plans in Georgia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Non-Contributory Retirement Program for Certain Employees of National Account Service Company | National Account Service Company | 225 | $63.8M | $283,360 |
| Kilpatrick Townsend & Stockton LLP Cash Balance Plan II | Kilpatrick Townsend & Stockton LLP | 131 | $26.6M | $203,119 |
| A&b Enhanced Partner Cash Balance Pension Plan | Alston & Bird LLP | 432 | $145M | $335,140 |
| Kilpatrick Townsend & Stockton LLP Cash Balance Plan I | Kilpatrick Townsend & Stockton LLP | 131 | $26.6M | $203,144 |
| Troutman Pepper Cash Balance Plan | Troutman Pepper Hamilton Sanders LLP | 474 | $220M | $463,988 |
| Foster Wheeler Inc. Pension Plan for Certain Employees | Foster Wheeler, Inc. | 992 | $102M | $102,814 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is King & Spalding LLP Cash Balance Pension Plan?
197 participants at the end of the plan year ending 31 Dec 2025, of whom 189 were active employees, with net assets of $355,344,553. 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 King & Spalding LLP contribute per participant?
The filing reports $45,417,446 in employer contributions for the year, which is $240,304 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 $295,000 in compensation to service provider organisations, $1,497 per participant or 0.08% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $316,942. 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 King & Spalding LLP. Recordkeeping or administration: Schwab Retirement Plan Services. Investment advisory or management: Fiducient Advisors LLC. Trustee or custodian: Schwab Retirement Plan Services. The financial statements were audited by Ernst & Young 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 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 29 Jul 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 58-0520153, plan 003, received 29 Jul 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.