California › Professional, scientific and technical services › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Orrick, Herrington & Sutcliffe, LLP Partners' Pension Plan
Sponsored by Orrick, Herrington & Sutcliffe LLP, San Francisco, CA
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.
Orrick, Herrington & Sutcliffe LLP of San Francisco, California sponsors Orrick, Herrington & Sutcliffe, LLP Partners' Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 484 participants (379 active) and $287M in net assets.
Net assets came to $592,883 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 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 $34.1M for the year ($90,095 per active participant) and benefits paid were $21.4M. 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 $1.3M: $2,676 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $1.3M. 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 $72.4M in 2009 to $287M in 2024 (up 296%), and participants from 391 to 484 (up 24%).
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 | $592,883 | $87,254 | $176,808 | $86,221 |
| Employer contributions per active participant | $90,095 | $11,032 | $35,855 | $10,244 |
| Schedule C compensation per participant | $2,676 | $413 | $450 | $344 |
| Schedule C compensation, share of net assets | 0.45% | 0.51% | 0.30% | 0.42% |
| Administrative expenses per participant | $2,776 | $596 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 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 | 484 | $287M | $592,882 | $34.1M | — | $1.3M |
| 2023 | 487 | $244M | $501,725 | $30.1M | — | $857K |
| 2022 | 445 | $199M | $446,674 | $12.9M | — | $978K |
| 2021 | 414 | $231M | $557,319 | $34.4M | — | $1.2M |
| 2020 | 406 | $217M | $534,367 | $23.8M | — | $813K |
| 2019 | 408 | $201M | $493,179 | $23.5M | — | $848K |
| 2018 | 399 | $161M | $403,271 | $20.6M | — | $1.0M |
| 2017 | 375 | $171M | $456,904 | $24.4M | — | $540K |
| 2016 | 384 | $152M | $396,398 | $20.5M | — | $751K |
| 2015 | 368 | $135M | $366,962 | $19.4M | — | $733K |
| 2014 | 359 | $128M | $355,682 | $14.5M | — | $805K |
| 2013 | 357 | $116M | $324,042 | $17.9M | — | $512K |
| 2012 | 365 | $108M | $297,104 | $22.4M | — | $198K |
| 2011 | 372 | $85.5M | $229,793 | $13.6M | — | $282K |
| 2010 | 388 | $89.3M | $230,222 | $14.6M | — | $245K |
| 2009 | 391 | $72.4M | $185,207 | $16.1M | — | $176K |
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$244,339,548
- Employer contributions$34,146,027
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$34,146,027
- Total income, including investment results$65,341,357
- Benefits paid$21,382,036
- Administrative expenses$1,343,440
- Total expenses$22,725,476
- Net income$42,615,881
- Net transfers$0
- Net assets, end of year$286,955,429
Participants
- Active participants379
- Retired or separated, receiving benefits18
- Retired or separated, entitled to future benefits86
- Total participants, end of year484
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| BlackRock Institutional Trust | Investment management | $888,227 | $0 |
| Gallagher Benefit Services Inc. | Actuarial; Recordkeeping and information management; Consulting (pension) | $275,059 | $0 |
| Schwab Retirement Plan Services | Actuarial; Recordkeeping and information management; Consulting (pension) | $94,267 | $0 |
| Withumsmith+brown, PC | Accounting (including auditing) | $37,508 | $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$888,227
- Actuarial fees$275,059
- Trustee and custodial fees$94,267
- Other administrative expenses$48,379
- IQPA audit fees$37,508
- Total administrative expenses$1,343,440
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.
- Common/collective trusts$215M · 74.9%
- Other investments$36.9M · 12.9%
- Cash (interest and non-interest bearing)$23.8M · 8.3%
- Receivables$11.4M · 4.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWithumsmith+brown, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)3BPlan covering self-employed individuals
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541110: Offices of Lawyers.
Other plans of Orrick, Herrington & Sutcliffe LLP
| Plan | Participants | Net assets |
|---|---|---|
| Orrick, Herrington & Sutcliffe LLP Retirement Plan | 3,040 | $1.18B |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Paul Hastings LLP Defined Benefit Retirement Plan for Partners | Paul Hastings LLP | 718 | $1.11B | $1,548,720 |
| Sheppard, Mullin, Richter & Hampton LLP Cash Balance Pension Plan | Sheppard, Mullin, Richter & Hampton LLP | 470 | $216M | $460,514 |
| Latham & Watkins Cash Balance Plan | Latham & Watkins LLP | 720 | $493M | $685,182 |
| Wyle Inc. Retirement Plan | Wyle Inc. | 414 | $7.0M | $17,002 |
| The Scripps Research Institute Cash Balance Retirement Plan | The Scripps Research Institute | 1,517 | $64.9M | $42,799 |
| Gibson, Dunn & Crutcher LLP Partners Cash Balance Plan | Gibson, Dunn & Crutcher LLP | 404 | $335M | $828,399 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Orrick, Herrington & Sutcliffe, LLP Partners' Pension Plan?
484 participants at the end of the plan year ending 31 Dec 2024, of whom 379 were active employees, with net assets of $286,955,429. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Orrick, Herrington & Sutcliffe LLP contribute per participant?
The filing reports $34,146,027 in employer contributions for the year, which is $90,095 per active participant; the median for plans of the same type and size was $11,032 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 $1,295,061 in compensation to service provider organisations, $2,676 per participant or 0.45% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $1,343,440. 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 Orrick, Herrington & Sutcliffe LLP. Recordkeeping or administration: Gallagher Benefit Services Inc. and Schwab Retirement Plan Services. Investment advisory or management: BlackRock Institutional Trust. The financial statements were audited by Withumsmith+brown, PC. 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 15 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 94-2952627, plan 006, received 15 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.