National Multiple Sclerosis Society 401(k) Review & Grade
National MS Society 401(k) Plan
New York, NYEducational Services768 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,923Employer $ per active participant
$6,551Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$94.6MNet plan assets, end of year
$76,210Average balance per account
Score breakdown
- Employer generosity41.3 / 5083th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 48th |
| Employee saving | 85th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- National Multiple Sclerosis Society put in about $2,923 per active participant, more than the typical peer ($1,225). 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 | $2,243,607 |
| Participant (employee) contributions | $5,027,537 |
| Other contributions (incl. rollovers in) | $1,189,914 |
| Administrative expenses paid from the plan | $225,515 |
| Investment advisory & management fees | $135,000 |
| Benefits paid out | $16,667,998 |
| Net assets, start / end of year | $91.0M / $94.6M |
| Active participants, start / end of year | 834 / 701 |
| Participants with account balances | 1,241 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $135,000 reported compensation |
| Empower Life & Annuity Insurance | $90,515 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013122044NAL0001203585001, received 2025-10-13, EIN 13-5661935, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.