Strategix Management, LLC 401(k) Review & Grade
Strategix Management 401(k) Plan
Washington, DCEducational Services575 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,019Employer $ per active participant
$1,656Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$6.8MNet plan assets, end of year
$8,382Average balance per account
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1524th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 21th |
| Employee saving | 24th |
| 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
- Strategix Management put in about $1,019 per active participant, below the typical peer ($1,225). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.54% 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.
- 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 | $585,739 |
| Participant (employee) contributions | $952,081 |
| Other contributions (incl. rollovers in) | $220,265 |
| Administrative expenses paid from the plan | $27,011 |
| Contract administrator fees | $19,766 |
| Benefits paid out | $706,913 |
| Net assets, start / end of year | $3.2M / $6.8M |
| Active participants, start / end of year | 464 / 686 |
| Participants with account balances | 813 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | A.c. Evans, LLC |
Largest service providers (Schedule C)
| Nexus Administrators, Inc. | $8,917 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163537NAL0002642003001, received 2025-10-15, EIN 81-1479787, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.