Eliassen Group, LLC. 401(k) Review & Grade
Eliassen Group, LLC 401(k) Plan
Reading, MAProfessional, Scientific & Technical Services2,365 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$258Employer $ per active participant
$6,052Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$137.0MNet plan assets, end of year
$54,186Average balance per account
Score breakdown
- Employer generosity4.8 / 5010th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 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 | 10th |
| Lower admin cost | 60th |
| Employee saving | 30th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,423 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Eliassen Group put in about $258 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.
- 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 | $610,470 |
| Participant (employee) contributions | $14,312,107 |
| Other contributions (incl. rollovers in) | $4,523,178 |
| Administrative expenses paid from the plan | $215,333 |
| Other admin expenses | $234,808 |
| Benefits paid out | $21,730,383 |
| Net assets, start / end of year | $121.6M / $137.0M |
| Active participants, start / end of year | 1,940 / 2,790 |
| Participants with account balances | 2,528 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $234,808 reported compensation |
| Fidelity Investments Institutional | −$19,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121507NAL0002387939001, received 2025-10-15, EIN 04-3097449, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.