Enterprise Associates, LLC 401(k) Review & Grade
Enterprise Associates LLC 401(k) Retirement Plan
Norwood, MAAdministrative, Support & Staffing Services511 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$410Employer $ per active participant
$3,855Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$25.6MNet plan assets, end of year
$42,742Average balance per account
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 47th |
| Employee saving | 70th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $61,705 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Enterprise Associates put in about $410 per active participant, below the typical peer ($712). 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.
- 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 | $209,495 |
| Participant (employee) contributions | $1,969,680 |
| Other contributions (incl. rollovers in) | $420,904 |
| Administrative expenses paid from the plan | $58,844 |
| Investment advisory & management fees | $43,277 |
| Benefits paid out | $1,413,179 |
| Net assets, start / end of year | $21.5M / $25.6M |
| Active participants, start / end of year | 509 / 513 |
| Participants with account balances | 600 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray Gray& Gray LLP |
Largest service providers (Schedule C)
| Commonwealth Equity Services, Inc. | $43,277 reported compensation |
| Adp, Inc. | $15,567 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095005NAL0005864336001, received 2025-10-15, EIN 26-1573584, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.