Kollective Management Services, LLC 401(k) Review & Grade
Kollective Management Services, LLC 401(k) Plan
Edison, NJRetail Trade572 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$892Employer $ per active participant
$5,917Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$34.5MNet plan assets, end of year
$58,046Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 19th |
| Employee saving | 91th |
| Peers that auto-enroll | 48% |
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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 ($60,738 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
- Kollective Management Services put in about $892 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.57% 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 | $510,056 |
| Participant (employee) contributions | $3,381,580 |
| Other contributions (incl. rollovers in) | $384,196 |
| Administrative expenses paid from the plan | $183,036 |
| Contract administrator fees | $183,036 |
| Benefits paid out | $3,562,478 |
| Net assets, start / end of year | $30.2M / $34.5M |
| Active participants, start / end of year | 568 / 575 |
| Participants with account balances | 594 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $143,629 reported compensation |
| Morgan Stanely Global Ba | $76,421 reported compensation |
| The Retirement Advantage | $15,230 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015112013NAL0004692225001, received 2025-10-15, EIN 84-4996040, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.