California › Professional, scientific and technical services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Korn Ferry 401(k) Savings Plan
Sponsored by Korn Ferry, Los Angeles, 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.
In the plan year ending 30 Apr 2025, Korn Ferry 401(k) Savings Plan covered 4,130 participants and held $478M in net assets. The plan is a 401(k) plan sponsored by Korn Ferry of Los Angeles, California.
Net assets came to $115,798 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.
The employer contributed $6.7M during the year, or $1,999 per active participant against a same-size median of $2,045; participants contributed $37.4M and $6.9M arrived as rollovers and other contributions. Benefits paid out totalled $61.9M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $774K: $187 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $771K. 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 $72.8M in 2009 to $478M in 2024 (up 557%), and participants from 1,047 to 4,130 (up 294%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $115,798 | $50,295 | $73,951 | $53,102 |
| Employer contributions per active participant | $1,999 | $2,045 | $3,219 | $2,175 |
| Schedule C compensation per participant | $187 | $82.08 | $148 | $123 |
| Schedule C compensation, share of net assets | 0.16% | 0.17% | 0.22% | 0.26% |
| Administrative expenses per participant | $187 | $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 | 4,130 | $478M | $115,798 | $6.7M | $37.4M | $774K |
| 2023 | 4,175 | $452M | $108,243 | $5.6M | $39.0M | $710K |
| 2022 | 5,025 | $387M | $77,073 | $6.9M | $39.2M | $349K |
| 2021 | 4,865 | $345M | $70,923 | $4.7M | $28.4M | $281K |
| 2020 | 3,376 | $341M | $101,110 | $3.1M | $19.1M | $274K |
| 2019 | 3,617 | $257M | $71,093 | — | $22.1M | $290K |
| 2018 | 3,437 | $251M | $73,100 | $3.0M | $19.5M | $320K |
| 2017 | 3,146 | $228M | $72,613 | $2.7M | $17.9M | $429K |
| 2016 | 2,809 | $182M | $64,757 | $2.3M | $16.1M | $252K |
| 2015 | 2,737 | $153M | $55,767 | $1.9M | $14.2M | $203K |
| 2014 | 2,084 | $134M | $64,353 | $1.7M | $11.2M | $150K |
| 2013 | 1,756 | $119M | $67,968 | $1.6M | $10.1M | $243K |
| 2012 | 1,801 | $101M | $55,853 | $1.2M | $7.4M | $145K |
| 2011 | 1,215 | $89.5M | $73,659 | — | $6.5M | $68K |
| 2010 | 1,056 | $87.5M | $82,901 | $1.2M | $5.8M | $5,000 |
| 2009 | 1,047 | $72.8M | $69,562 | — | $5.4M | $6,000 |
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$451,916,241
- Employer contributions$6,665,363
- Participant contributions$37,432,925
- Rollovers and other contributions$6,919,154
- Total contributions$51,017,442
- Total income, including investment results$90,168,216
- Benefits paid$61,898,012
- Administrative expenses$771,248
- Total expenses$62,675,947
- Net income$27,492,269
- Net transfers−$1,164,624
- Net assets, end of year$478,243,886
Participants
- Active participants3,334
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits787
- Participants with account balances3,835
- Total participants, end of year4,130
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Towers Watson Investment Services | Investment advisory (plan) | $506,543 | $0 |
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | $233,012 | $0 |
| Willis Towers Watson | Investment advisory (plan) | $20,050 | $0 |
| CliftonLarsonAllen LLP | Accounting (including auditing); Investment advisory (plan) | $14,502 | $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
- Contract administrator fees$741,343
- IQPA audit fees$20,024
- Investment advisory and management fees$9,881
- Total administrative expenses$771,248
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$206M · 43.1%
- Registered investment companies (mutual funds)$157M · 32.8%
- Common/collective trusts$97.5M · 20.4%
- Other investments$10.9M · 2.3%
- Receivables$3.3M · 0.7%
- Participant loans$3.1M · 0.6%
- Employer securities$401K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan3HPlan 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 541600: Management, Scientific, & Technical Consulting Services.
Other plans of Korn Ferry
| Plan | Participants | Net assets |
|---|---|---|
| Korn Ferry Interim Staff Professionals (Isp) 401(k) Savings Plan | 920 | $12.7M |
| Hay Benefits Practice Group Pension Plan | 152 | $19.4M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Gibson, Dunn & Crutcher LLP Retirement Plan | Gibson, Dunn & Crutcher LLP | 4,194 | $1.46B | $347,337 |
| Cooley LLP Salary Deferral and Profit Sharing Plan | Cooley LLP | 4,094 | $1.32B | $321,914 |
| Deel 401(k) Plan | Deel, Inc. | 4,207 | $51.5M | $12,240 |
| Lewis Brisbois Bisgaard & Smith LLP Employees 401(k) Plan | Lewis Brisbois Bisgaard & Smith LLP | 4,089 | $301M | $73,732 |
| McAfee LLC 401(k) Plan | McAfee LLC | 4,329 | $174M | $40,127 |
| Anduril Industries 401(k) Plan | Anduril Industries Inc. | 4,078 | $124M | $30,387 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Korn Ferry 401(k) Savings Plan?
4,130 participants at the end of the plan year ending 30 Apr 2025, of whom 3,334 were active employees, with net assets of $478,243,886. 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 Korn Ferry contribute per participant?
The filing reports $6,665,363 in employer contributions for the year, which is $1,999 per active participant; the median for plans of the same type and size was $2,045 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 $774,107 in compensation to service provider organisations, $187 per participant or 0.16% 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 $771,248. 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 Korn Ferry. Recordkeeping or administration: Principal Life Insurance Company. Investment advisory or management: Towers Watson Investment Services, Willis Towers Watson and CliftonLarsonAllen LLP. The financial statements were audited by CliftonLarsonAllen 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 11 Feb 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 95-2623879, plan 003, received 11 Feb 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.