Icapital Network, Inc. 401(k) Review & Grade
Icapital Network, Inc. 401(k) Plan
New York, NYProfessional, Scientific & Technical Services1,070 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,417Employer $ per active participant
$12,630Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$85.4MNet plan assets, end of year
$63,355Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 44th |
| Employee saving | 78th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($653,306 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Icapital Network put in about $6,417 per active participant, more than the typical peer ($3,082). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $6,866,230 |
| Participant (employee) contributions | $13,513,730 |
| Other contributions (incl. rollovers in) | $6,212,468 |
| Administrative expenses paid from the plan | $189,528 |
| Investment advisory & management fees | $188,296 |
| Benefits paid out | $6,090,758 |
| Net assets, start / end of year | $55.0M / $85.4M |
| Active participants, start / end of year | 872 / 1,268 |
| Participants with account balances | 1,348 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $105,118 reported compensation |
| Resources Investment Advisors, LLC | $83,178 reported compensation |
| Empower Life & Annuity Insurance Co | $1,232 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112045NAL0004179523001, received 2025-10-10, EIN 46-2479130, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.