Abacus Technology Corporation 401(k) Review & Grade
Abacus Technology Corporation 401(k) Plan and Trust
Chevy Chase, MDProfessional, Scientific & Technical Services742 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,337Employer $ per active participant
$8,574Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$108.8MNet plan assets, end of year
$99,548Average balance per account
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 45th |
| Employee saving | 46th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,029,175 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Abacus Technology put in about $3,337 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,476,399 |
| Participant (employee) contributions | $6,362,004 |
| Other contributions (incl. rollovers in) | $1,032,239 |
| Administrative expenses paid from the plan | $270,474 |
| Contract administrator fees | $270,474 |
| Benefits paid out | $9,626,081 |
| Net assets, start / end of year | $96.1M / $108.8M |
| Active participants, start / end of year | 746 / 738 |
| Participants with account balances | 1,093 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $270,473 reported compensation |
| Merrill Lynch | $96,174 reported compensation |
| Aprio, LLP | $25,107 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008152348NAL0006063025001, received 2025-10-08, EIN 52-1328215, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.