Greenwich Aerogroup, Inc. 401(k) Review & Grade
Greenwich Aerogroup, Inc. Retirement Savings Plan
Greenwich, CTTransportation & Warehousing682 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,699Employer $ per active participant
$5,593Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$55.4MNet plan assets, end of year
$63,513Average balance per account
Score breakdown
- Employer generosity33.4 / 5067th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 39th |
| Employee saving | 79th |
| Peers that auto-enroll | 37% |
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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
- Greenwich Aerogroup put in about $1,699 per active participant, more than the typical peer ($1,070). 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.
- 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 | $1,158,798 |
| Participant (employee) contributions | $3,814,698 |
| Other contributions (incl. rollovers in) | $144,323 |
| Administrative expenses paid from the plan | $163,875 |
| Investment advisory & management fees | $76,984 |
| Benefits paid out | $5,200,792 |
| Net assets, start / end of year | $48.7M / $55.4M |
| Active participants, start / end of year | 683 / 681 |
| Participants with account balances | 873 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Sentinel Benefits Group, Inc. | $86,691 reported compensation |
| Osaic Advisors | $76,984 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250521162536NAL0001926323001, received 2025-05-21, EIN 33-1151331, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.