Hi, today I learned that my firm's match for an attorneys 401 k is 5 times more than the 401 k match for non attorney staff. I work as LA /para and we have billables to meet. Is that the standard across law firms?

likehelpful
Posting as :
works at
You are currently posting as works at

Many law firms have no 401k match or a 401k match ONLY for staff. What you describe seems off and seems it would fail certain ERISA tests re rules for highly compensated employees

like

I’ll send this to ERISA specialist and get back to you

Why is it 5x? Perhaps they match the same percentage for all employees (so, associates not partners), and the attorneys can make 5x as much as non-attny employees

like

Regardless of how much the attorney match is, I’d suggest only switching jobs or careers if you want to for other reasons. My firm doesn’t match for anyone. So if you leave your current job, you may not get any match at all.

like

I've never heard of flat rate matching but it makes sense a higher earning individual would have a higher flat rate. That's how it would work out if you had a percentage that was the same for everyone, higher earners would get more.

I wouldn’t get worked up about this. Attorneys have 3 additional years of professional school and often 6 figures of student loan debt. Comp and benefits will differ between attorneys and staff.

I dont know what size firm youre at, but its not normal. In fact most biglaw firms dont offer 401k matches for attorneys at all, because of ERISA rules.

Yep am in biglaw, no matches. I think staff get a percent match but not positive on that.

I have never heard of a 401k match for associates, at least not in biglaw. That would effectively make compensation way above market because everyone would max out contributions.

There are a few AmLaw 100 firms that have small matches. You'd be surprised how few people actually max out their 401k's

like

Related Posts

Used Gliem for Reg and Roger for BEC and Aud. Really liked Roger though but heard its not good enough for Far.
Please recommend any good review course for FAR

like

For folks who recently got their EAD, how long from the time of filing your I-485 did you get it?

like

Raise in 6 months? I joined in january and ive since been doing 3 jobs bc few people outside of my team left. Mgr decribed a plan to update my role. How to bring up $ and how much % can I ask for?

Amerisourcebergen doesn't care about its employees. We have no mental health awareness. Leadership only promotes people who kiss ass the most qho have no managerial experience and pass people who actually have experience in a manager role. Leadership never helps you with anything. Managers write you up for no reason amd threaton your job constantly. Ive have leasherip threaten my job while on FMLA and write me up for taking too much time off

like

Has anyone here considered leaving healthcare altogether? I am really drawn by a role in tech, but I know it's such a big leap. I have a friend who did this though, and she is making even more than I have made as a travel nurse. Is it an anomaly or a real possibility?

like

Anybody lives in New York/ Brooklyn, and has an idea of nursing home called king David nursing home rehabilitation center, I was offered a respiratory therapist job and the only thing I’ll do is assessment

like

Hi everyone! I am working with my HR to improve our maternity/paternity leave policy. Currently I only get 2 weeks fully paid and then an additional 8-12 weeks at 60% pay (short term disability). I need some examples of companies with less than 100 employees and what your maternity/paternity policy is. Please include company name! Thanks!!!

like

What do you think about this response by Foot Locker?

Post Photo
like

Today i got my variable bonus of 10k, i get 59k inhand every month in which 2k gets deducted as tax, today along with the bonus of 10k I got 67k inhand and tax deducted is 4.5k. I'm kinda lost. Can someone pls explain y this?

Pros and cons of working on an auto brand?

likesmart

Registering for the December Level 1. Any suggestions on the best place to get study material? Is there a problem with buying used materials from last year for less from a private party?

like

Omega Seamaster 300 or 300m? Which would be the better buy?

like

Loving my Railmaster! I received this as gift and want to pay homage to the family member who gave it to me. Does anyone know where I could get initials on the inside of band?

Post Photo
like

I randomly get depressed

like

Posting the formal ad below - feel free to DM me with questions.

Post Photo

does EY provide law services to their employees?

like

Is TikTok promoting fake news? I mean every social media could post fake news and spread it, but I feel TikTok's algorithm knows exactly who usually believes fake news and their videos spread faster than on any other platform. And I know you can report it, but is it maybe too late then?

likehelpfulfunny

I have joined Verizon in June 2022, will I be eligible for this year as my manager I don't need to fill my goal sheet as I am still in 6 month's probation. Kindly help me to understand.

like

When it comes time for me to write my dissertation, the only way I can actually write it is if someone buys me a grant so that I can afford to make the time to write it!

like

I have got an offer of CTC 23.25LPA +JB +RSU in Blore. And I have also got an international offer of CTC € 70000 + relocation sponsorship in a mid sized firm in Vienna, Austria.

My wife works with a CTC of 15LPA in Blore.

I am in dilemma about the option that is most suitable for me as my wife would have to quit her current job and relocate and then find another job. Is it a profitable deal to relocate to Austria?

Kindly post your opinions.

Additional Posts in Law

Can someone recommend a good printer for home office use? I need something I can print 10-20 pages per day on. My law school printer is on its last leg.

like

Hardest part of navigating maternity leave and WLB as a junior partner?

like

Second year associate here. How should I deal with the one partner in my practice group who seems to exclusively give me lousy assignments that we’ll never get paid for? I get great work from everyone else.

like

Mid-senior level transactional folks: how do you originate deals? The only deals I originate come from when one of my corporate clients randomly decides to sell a business. There has to be another way to land more deals, right?

like

I’ve felt seriously burned out at my firm for a long time, and now during this point in the year I’ve reached a new level of struggle in terms of trying to be productive. I’m hoping things will change in the new year but I find myself browsing fishbowl and Reddit and struggling to stay on task now more so than ever, and I’m feeling super guilty about it. On my plate in terms of work are reports that are basically data entry, and incredibly menial discovery responses. Help!

like

How do y’all deal with burnout? First year already billed 1900 since Jan. I feel like I’m tired and uninterested in work all the time now.

like

Any ID attorneys get their CPCU? Trying to make myself more marketable as claims counsel or in-house for a carrier (not doing ID).

like

California 🐟 does your vacation payout when you leave your job get taxed at regular wage, or bonus, levels? Does your employer have discretion to choose?

like

Big Law Dads: How much time do you usually take off when your wife has a baby? And do you actually get to take off, or do you just end up working from home half the time? My wife is due Mid-December, and I’m staffed on 4 M&A deals trying to close by year end, so it’s not looking promising.

likehelpful

I am a new (lateral) associate at a small firm where everyone currently works from the office. When I started, I wasn’t told specific firm hours. I’ve tried to figure out when to come and go based upon when the partners arrive and leave, but their schedules are very inconsistent. The other associates don’t have helpful guidance for me. Assuming that if I ask the partners they’ll say to use my discretion, what are reasonable hours to keep?

like

Has anyone moved into a non-legal role at a tech company after big law? Trying to figure out what else is out there if I do not want to go in house in a legal capacity.

like

Anyone work for the USPTO as an Attorney Advisor? How is it?

like

What’s your take on Lydecker? What is the culture? Market salary? Expectation on billable hours? Mentorship? Etc.?

like

Does anyone practice White Collar criminal defense in NYC or know a decent amount about it? Is it fun or fulfilling? Is it a good way to break into government work in the future?

like

I'm a junior associate. A couple people have left my small firm and I'm now the lone associate at our main office. I've now been told I am "temporary senior associate or permanent or partner whatever that results in." Please send help. I'm just a baby attorney still.

like

I am lead counsel on a case - we’re suing 3 businesses and my supervisor is a named incorporator of one of the businesses although he is not an officer. He is asking me to bring the file and meet with him about the progress of the case. I reminded him of the conflict and he stated that the conflict was resolved because he also has a claim against 1 of the companies that he recently filed separately. I don’t see how that resolved the conflict…and he’s fully pressuring me to meet. How to respond?

like

Anyone else here kinda like doing doc review? (In moderation of course)

likehelpful

Last associates committee meeting is coming up. Partners have asked each associate to come up with... not one... but FIVE marketing ideas. Other than reeling out “we offer competitive pay” in job postings, what are some good ones your firm does?

I’m struggling a bit. If I knew how to market well, I certainly wouldn’t be in this position.

like

What is the most “do as I say, not as I do” thing you’ve been told or punished/reprimaded for as an associate?

like

Best divorce lawyer in NYC?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal