Stevens & Lee Savings Plan

Stevens & Lee Savings Plan

Founded in 1973 by Ernie Choquette, the Stevens & Lee Savings Plan anchors the benefits architecture of Stevens & Lee, a full-service law firm with roughly 200 lawyers across 16 offices. Choquette remains Chairman, President and CEO of The Stevens & Lee Companies, while William P. Thornton Jr. serves as President and CEO of the law firm and sits on its Pension Committee. The plan provides retirement, death and disability benefits for eligible participants of the firm and its affiliates. Investment management flows primarily through River Partners Capital Management, LP and its affiliate Levin Capital Strategies, L.P., both of which share key personnel with the broader Stevens & Lee ecosystem. The strategy is a fund-of-funds approach, with confirmed vehicles including River Partners Hedge Fund, L.L.C., River Partners Global Equity, L.L.C. and River Partners Private Investment Fund, L.L.C., all domiciled in New York. Real asset exposure sits on the plan's own balance sheet — it directly holds commercial properties including the Stevens & Lee headquarters in Reading, a Harrisburg office, a Princeton/Lawrenceville office and a luxury suite at Lincoln Financial Field in Philadelphia. The plan also holds an interest in the River Partners BWDF Opportunity mixed-use project. The plan's recent leadership roster highlights the close ties between law firm and investment operation. John A. Levin, founder of Levin Capital Strategies, has an ownership role, while David Sochol serves as CEO and CIO of River Partners. Former River Partners executives Alexa Model and Adam Mantin moved to Brown Advisory, underscoring the talent that has cycled through the platform. Ernie Choquette also serves as Vice Chairman of the Greater Berks Development Fund, and the broader firm is a prominent member of the Greater Reading Chamber Alliance. In 2026, the law firm continued its expansion, adding shareholders in Pittsburgh and Princeton, which implicitly widens the potential participant base for the pension plan. The plan's structural differentiator is its embedded nature within a law firm's holding-company framework — it is not a standalone institutional fund but a captive retirement vehicle whose investment strategy is executed by an affiliated manager under shared leadership. This creates a direct line between the firm's partnership, its pension obligations and the private-investment vehicles River Partners deploys.