Allegis Group, Inc. 401(k) Review & Grade
Allegis Group, Inc. Retirement Savings Plan Three
Hanover, MDAdministrative, Support & Staffing Services33,982 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$1,245Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$251.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.3 / 5012th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 33th |
| Employee saving | 47th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $36,099 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Allegis Group put in about $1 per active participant, below the typical peer ($271). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.13% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $37,913 |
| Participant (employee) contributions | $42,320,922 |
| Other contributions (incl. rollovers in) | $10,224,463 |
| Administrative expenses paid from the plan | $314,131 |
| Contract administrator fees | $301,414 |
| Investment advisory & management fees | $2,829 |
| Benefits paid out | $53,249,767 |
| Net assets, start / end of year | $222.3M / $251.0M |
| Active participants, start / end of year | 35,697 / 32,267 |
| Participants with account balances | 6,867 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $317,464 reported compensation |
| Sc&h Attest Services, P.C. | $8,124 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160754NAL0002604739001, received 2025-10-15, EIN 52-1304931, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.