Ascensus, LLC. 401(k) Review & Grade
Ascensus, LLC 401(k) Savings Plan
Dresher, PAFinance & Insurance4,928 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,719Employer $ per active participant
$8,075Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$621.8MNet plan assets, end of year
$104,113Average balance per account
Score breakdown
- Employer generosity10.6 / 5021th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 100th |
| Employee saving | 44th |
| Peers that auto-enroll | 66% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $8,493 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ascensus put in about $2,719 per active participant, below the typical peer ($4,489). 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.
- 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.
- 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 | $13,398,881 |
| Participant (employee) contributions | $39,794,102 |
| Other contributions (incl. rollovers in) | $4,255,961 |
| Administrative expenses paid from the plan | $10,793 |
| Contract administrator fees | $2,940 |
| Investment advisory & management fees | $7,853 |
| Benefits paid out | $57,447,180 |
| Net assets, start / end of year | $538.5M / $621.8M |
| Active participants, start / end of year | 4,998 / 4,858 |
| Participants with account balances | 5,972 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Torrillo & Associates LLC |
Largest service providers (Schedule C)
| Morningstar | $7,853 reported compensation |
| JP Morgan | $0 reported compensation |
| American Century Investments | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926095716NAL0009260817001, received 2025-09-26, EIN 11-3665754, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.