Schiff Hardin LLP

Plan name Schiff Hardin LLP Incentive Savings 401(k) Plan
Location Chicago, Illinois
Asset size $171.6MM
Participants 800
Industry Law Firm
Participation rate 88%
Average deferral rate 7.9%
# of funds offered 28
Investment review Quarterly
True-up match Yes
Match vesting period Immediately upon enrollment
Eligibility Within 3 months of employment
Default deferral rate 3%
Default investment Balanced Fund
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization Yes
Match rate 25% on the first 6% of salary deferrals
% receiving full match >65%
Maximum employer contribution 7.5%
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options
Recordkeeper MassMutual
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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