Cape Fox Shared Services 401(k) Review & Grade
Cape Fox Shared Services 401k Plan
Chantilly, VAProfessional, Scientific & Technical Services1,408 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,218Employer $ per active participant
$2,183Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$37.8MNet plan assets, end of year
$43,625Average balance per account
Score breakdown
- Employer generosity11.3 / 5023th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 26th |
| Employee saving | 11th |
| Peers that auto-enroll | 48% |
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 $465 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cape Fox Shared Services put in about $1,218 per active participant, below the typical peer ($3,082). 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 (0.45% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $1,714,886 |
| Participant (employee) contributions | $3,074,317 |
| Other contributions (incl. rollovers in) | $1,252,151 |
| Administrative expenses paid from the plan | $165,526 |
| Contract administrator fees | $147,692 |
| Investment advisory & management fees | $14,384 |
| Other admin expenses | $3,450 |
| Benefits paid out | $7,407,465 |
| Net assets, start / end of year | $35.0M / $37.8M |
| Active participants, start / end of year | 1,367 / 1,449 |
| Participants with account balances | 866 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $151,285 reported compensation |
| Gallagher Benefit Services Inc | $49,227 reported compensation |
| Voya Retirement Advisors, LLC | $14,241 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141128NAL0002984369001, received 2025-10-14, EIN 27-1289495, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.