Novogradac & Company LLP 401(k) Review & Grade
Novogradac & Company LLP 401(k) Profit Sharing Plan
San Francisco, CAProfessional, Scientific & Technical Services771 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,858Employer $ per active participant
$9,712Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$136.5MNet plan assets, end of year
$129,835Average balance per account
Score breakdown
- Employer generosity36.1 / 5072th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 57th |
| Employee saving | 56th |
| Peers that auto-enroll | 48% |
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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
- Novogradac & Company LLP put in about $4,858 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,745,429 |
| Participant (employee) contributions | $7,487,570 |
| Other contributions (incl. rollovers in) | $246,535 |
| Administrative expenses paid from the plan | $229,177 |
| Contract administrator fees | $13,230 |
| Investment advisory & management fees | $215,947 |
| Benefits paid out | $4,762,472 |
| Net assets, start / end of year | $112.4M / $136.5M |
| Active participants, start / end of year | 770 / 772 |
| Participants with account balances | 1,051 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| Sharebuilder Advisor LLC | $215,947 reported compensation |
| Ascensus LLC | $67,752 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008151420NAL0006054465001, received 2025-10-08, EIN 94-3108253, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.