Assetmark Financial Holdings, Inc. 401(k) Review & Grade
Assetmark Financial 401(k) Plan
Concord, CAFinance & Insurance1,002 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,238Employer $ per active participant
$11,756Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$175.0MNet plan assets, end of year
$140,025Average balance per account
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 58th |
| Employee saving | 81th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Assetmark Financial Holdings put in about $8,238 per active participant, more than the typical peer ($3,606). 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.
- 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 | $8,254,959 |
| Participant (employee) contributions | $11,779,339 |
| Other contributions (incl. rollovers in) | $1,832,459 |
| Administrative expenses paid from the plan | $280,086 |
| Benefits paid out | $11,460,342 |
| Net assets, start / end of year | $141.5M / $175.0M |
| Active participants, start / end of year | 980 / 1,024 |
| Participants with account balances | 1,250 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $280,086 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915173110NAL0000814067001, received 2025-09-15, EIN 30-0774039, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.