Mintz Levin Cohn Ferris Glovsky and Popeo PC 401(k) Review & Grade
Mintz Levin Cohn Ferris Glovsky and Popeo Savings and Retirement Plan
Boston, MAProfessional, Scientific & Technical Services1,138 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,143Employer $ per active participant
$17,223Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$665.1MNet plan assets, end of year
$355,285Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost23.1 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 93th |
| Employee saving | 95th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $21,121 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mintz Levin Cohn Ferris Glovsky and Popeo put in about $14,143 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 | $16,087,619 |
| Participant (employee) contributions | $19,591,693 |
| Other contributions (incl. rollovers in) | $5,011,800 |
| Administrative expenses paid from the plan | $208,773 |
| Investment advisory & management fees | $83,364 |
| Benefits paid out | $90,898,792 |
| Net assets, start / end of year | $676.2M / $665.1M |
| Active participants, start / end of year | 1,155 / 1,120 |
| Participants with account balances | 1,872 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $83,364 reported compensation |
| Fidelity Investments Inst Op Co LLC | $68,337 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260105080925NAL0005180129001, received 2026-01-05, EIN 04-2718459, plan #004, plan year 2024-03-31 to 2025-03-29. Verify at efast.dol.gov.