Credence Management Solutions LLC 401(k) Review & Grade
Credence Management Solutions 401(k) Profit Sharing Plan
MC Lean, VAProfessional, Scientific & Technical Services1,338 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,229Employer $ per active participant
$7,971Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$83.1MNet plan assets, end of year
$59,888Average balance per account
Score breakdown
- Employer generosity26.3 / 5053th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 47th |
| Employee saving | 41th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($135 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Credence Management Solutions put in about $3,229 per active participant, more than the typical peer ($3,082). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,320,821 |
| Participant (employee) contributions | $10,664,789 |
| Other contributions (incl. rollovers in) | $5,426,008 |
| Administrative expenses paid from the plan | $188,817 |
| Contract administrator fees | $188,817 |
| Benefits paid out | $14,284,402 |
| Net assets, start / end of year | $67.5M / $83.1M |
| Active participants, start / end of year | 1,217 / 1,459 |
| Participants with account balances | 1,388 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $188,817 reported compensation |
| Jpmorgan Securities, LLC | $50,276 reported compensation |
| Merrill Lynch | $30,354 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912143423NAL0001385169001, received 2025-09-12, EIN 20-3679671, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.