CSC Serviceworks, Inc. 401(k) Review & Grade
CSC Serviceworks, Inc. 401(k) Plan
Melville, NYOther Services2,286 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$800Employer $ per active participant
$2,751Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$133.3MNet plan assets, end of year
$99,565Average balance per account
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 60th |
| Employee saving | 54th |
| Peers that auto-enroll | 40% |
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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
- CSC Serviceworks put in about $800 per active participant, below the typical peer ($1,257). 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.
- 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.
- 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 | $1,827,513 |
| Participant (employee) contributions | $6,286,919 |
| Other contributions (incl. rollovers in) | $871,421 |
| Administrative expenses paid from the plan | $216,242 |
| Contract administrator fees | $4,781 |
| Investment advisory & management fees | $81,600 |
| Other admin expenses | $20,400 |
| Benefits paid out | $16,010,344 |
| Net assets, start / end of year | $124.0M / $133.3M |
| Active participants, start / end of year | 2,200 / 2,371 |
| Participants with account balances | 1,339 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $90,843 reported compensation |
| Global Retirement Partners LLC | $81,600 reported compensation |
| Caron & Bletzer PLLC | $23,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730161456NAL0005930720001, received 2025-07-30, EIN 53-0188589, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.