Marshall Dennehey, P.C. 401(k) Review & Grade
Marshall Dennehey, P.C. Savings & Investment Plan
Philadelphia, PAProfessional, Scientific & Technical Services1,096 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,428Employer $ per active participant
$8,490Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$267.6MNet plan assets, end of year
$249,158Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 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 | 57th |
| Lower admin cost | 77th |
| Employee saving | 46th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $25,766 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marshall Dennehey put in about $3,428 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.
- 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 | $3,754,833 |
| Participant (employee) contributions | $9,300,818 |
| Other contributions (incl. rollovers in) | $1,475,902 |
| Administrative expenses paid from the plan | $224,536 |
| Contract administrator fees | $39,495 |
| Investment advisory & management fees | $65,150 |
| Benefits paid out | $18,212,440 |
| Net assets, start / end of year | $240.8M / $267.6M |
| Active participants, start / end of year | 1,100 / 1,091 |
| Participants with account balances | 1,074 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Bassman, Adelman and Weiss PC | $91,179 reported compensation |
| Schwab Retirement Plan Services,inc | $65,557 reported compensation |
| Capfinancial Partners LLC | $65,150 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133036NAL0006074994006, received 2025-10-14, EIN 23-1724150, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.