Connectwise, LLC. 401(k) Review & Grade
Connectwise, LLC. 401(k) Plan
Tampa, FLInformation1,212 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,024Employer $ per active participant
$8,687Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$123.0MNet plan assets, end of year
$68,672Average balance per account
Score breakdown
- Employer generosity34.8 / 5070th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 49th |
| Employee saving | 50th |
| Peers that auto-enroll | 59% |
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
- Connectwise put in about $4,024 per active participant, more than the typical peer ($2,829). 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.
- 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 | $4,874,627 |
| Participant (employee) contributions | $10,524,609 |
| Other contributions (incl. rollovers in) | $4,693,887 |
| Administrative expenses paid from the plan | $265,115 |
| Investment advisory & management fees | $128,566 |
| Benefits paid out | $15,061,517 |
| Net assets, start / end of year | $102.5M / $123.0M |
| Active participants, start / end of year | 1,155 / 1,268 |
| Participants with account balances | 1,791 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $136,549 reported compensation |
| World Investment Advisors LLC | $128,566 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008122237NAL0003272979001, received 2025-10-08, EIN 82-1582035, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.