Take2 Consulting, LLC 401(k) Review & Grade
Take2 Consulting, LLC 401(k) Retirement Plan
Vienna, VAProfessional, Scientific & Technical Services769 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$600Employer $ per active participant
$5,481Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$16.4MNet plan assets, end of year
$31,892Average balance per account
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues 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 | 15th |
| Lower admin cost | 44th |
| Employee saving | 27th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($48,700 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,369 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Take2 Consulting put in about $600 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.
- 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 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 | $461,454 |
| Participant (employee) contributions | $4,214,617 |
| Other contributions (incl. rollovers in) | $1,471,364 |
| Administrative expenses paid from the plan | $38,530 |
| Investment advisory & management fees | $23,350 |
| Benefits paid out | $2,969,296 |
| Net assets, start / end of year | $11.6M / $16.4M |
| Active participants, start / end of year | 651 / 887 |
| Participants with account balances | 514 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| First Light Wealth LLC | $23,350 reported compensation |
| Empower Annuity Insurance Company | $7,793 reported compensation |
| Adp, Inc. | $7,386 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251114113849NAL0005981618001, received 2025-11-14, EIN 47-2507011, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.