Equiliem, Inc. 401(k) Review & Grade
Equiliem, Inc. 401(k) Plan
East Brunswick, NJAdministrative, Support & Staffing Services1,758 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$116Employer $ per active participant
$1,290Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$17.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.0 / 5022th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 86th |
| Employee saving | 40th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $208,519 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Equiliem put in about $116 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.
- 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 | $204,240 |
| Participant (employee) contributions | $2,268,786 |
| Other contributions (incl. rollovers in) | $85,329 |
| Administrative expenses paid from the plan | $8,561 |
| Contract administrator fees | $6,900 |
| Investment advisory & management fees | $573 |
| Other admin expenses | $1,088 |
| Benefits paid out | $1,611,530 |
| Net assets, start / end of year | $14.1M / $17.2M |
| Active participants, start / end of year | 269 / 3,248 |
| Participants with account balances | 409 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Co LLP |
Largest service providers (Schedule C)
| Mma Securities LLC | $37,178 reported compensation |
| Voya Retirement Insurance & Annuity | $7,761 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001113017NAL0017740451001, received 2025-10-01, EIN 22-3367209, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.