Kaplan Development Group LLC 401(k) Review & Grade
Kaplan Development Group LLC 401(k) Profit Sharing Plan & Trust
Jericho, NYReal Estate & Rental904 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$265Employer $ per active participant
$885Employee $ saved per active participant
3.42%Direct admin cost, % of plan assets
$4.9MNet plan assets, end of year
$4,381Average balance per account
Score breakdown
- Employer generosity5.3 / 5011th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 0th |
| Employee saving | 7th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($115,043 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Blackout notice: the plan had a blackout period (when you can't change investments) without confirming the required notice.
What to do if you're in this plan
- Kaplan Development Group put in about $265 per active participant, below the typical peer ($1,279). 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.
- Direct plan expenses (3.42% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $239,319 |
| Participant (employee) contributions | $799,419 |
| Other contributions (incl. rollovers in) | $124,900 |
| Administrative expenses paid from the plan | $160,417 |
| Contract administrator fees | $160,212 |
| Investment advisory & management fees | $62 |
| Benefits paid out | $1,120,810 |
| Net assets, start / end of year | $4.5M / $4.9M |
| Active participants, start / end of year | 887 / 920 |
| Participants with account balances | 1,122 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Isdaner & Company, LLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020150457NAL0000448049001, received 2025-10-20, EIN 01-0573210, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.