Celerity Government Solutions, LLC DBA Xcelerate Solutions 401(k) Review & Grade
Xcelerate Solutions 401(k) Plan
MC Lean, VAProfessional, Scientific & Technical Services500 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$982Employer $ per active participant
$4,434Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$14.8MNet plan assets, end of year
$24,594Average balance per account
Score breakdown
- Employer generosity9.6 / 5019th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 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 | 19th |
| Lower admin cost | 18th |
| Employee saving | 23th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,989 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Celerity Government Solutions, LLC DBA Xcelerate Solutions put in about $982 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 (0.58% 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.
- 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 | $491,496 |
| Participant (employee) contributions | $2,219,063 |
| Other contributions (incl. rollovers in) | $1,065,959 |
| Administrative expenses paid from the plan | $75,537 |
| Contract administrator fees | $75,537 |
| Benefits paid out | $1,413,944 |
| Net assets, start / end of year | $11.0M / $14.8M |
| Active participants, start / end of year | 451 / 550 |
| Participants with account balances | 603 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $75,537 reported compensation |
| Mma Securities, LLC | $17,483 reported compensation |
| Usi Advisors, Inc. | $16,855 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819131359NAL0002246721001, received 2025-08-19, EIN 27-0790328, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.