Suveto Buyer, LLC 401(k) Review & Grade
Suveto Buyer, LLC 401(k) Plan
Conshohocken, PAProfessional, Scientific & Technical Services1,694 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,572Employer $ per active participant
$3,303Employee $ saved per active participant
0.80%Direct admin cost, % of plan assets
$35.6MNet plan assets, end of year
$39,077Average balance per account
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 10th |
| Employee saving | 16th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($18,539 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Suveto Buyer put in about $1,572 per active participant, below the typical peer ($3,082). 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 (0.80% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,661,441 |
| Participant (employee) contributions | $5,592,917 |
| Other contributions (incl. rollovers in) | $1,231,596 |
| Administrative expenses paid from the plan | $242,636 |
| Contract administrator fees | $242,636 |
| Benefits paid out | $2,986,588 |
| Net assets, start / end of year | $25.4M / $35.6M |
| Active participants, start / end of year | 1,721 / 1,666 |
| Participants with account balances | 912 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Conklin, Gilpin & Wertz, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $242,636 reported compensation |
| Resources Investment Advisors | $83,236 reported compensation |
| Nova 401k Associates | $14,624 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015165847NAL0010750466002, received 2025-10-15, EIN 85-2984282, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.