CMG Chelsea, LLC 401(k) Review & Grade
CMG Chelsea, LLC and Affiliates 401(k) Plan
Fanwood, NJHealth Care & Social Assistance605 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$264Employer $ per active participant
$1,787Employee $ saved per active participant
0.82%Direct admin cost, % of plan assets
$15.0MNet plan assets, end of year
$27,505Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost2.4 / 259th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 9th |
| Employee saving | 38th |
| Peers that auto-enroll | 36% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- CMG Chelsea put in about $264 per active participant, below the typical peer ($976). 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 (0.82% 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 | $159,924 |
| Participant (employee) contributions | $1,081,428 |
| Other contributions (incl. rollovers in) | $176,331 |
| Administrative expenses paid from the plan | $129,809 |
| Investment advisory & management fees | $129,809 |
| Benefits paid out | $4,754,147 |
| Net assets, start / end of year | $16.4M / $15.0M |
| Active participants, start / end of year | 907 / 303 |
| Participants with account balances | 547 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins. Co. of America | $84,304 reported compensation |
| National Professional Planning GR | $33,420 reported compensation |
| Ubs Financial Services Inc. | $31,659 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926150308NAL0011963187001, received 2025-09-26, EIN 20-8816858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.