1 critical issue
Microwave Development Laboratori
04-2070295· Needham, MA· 2025 filing· vs 927 plans your size in your industry
B
0/100
Overall grade
Solid plan with a few things to improve.
–
Fees
not graded
A
Financial Wellness
A
Plan design
C
Compliance
Fees
Estimate only · not graded
Fees aren't disclosed. A typical estimate for a plan with this asset level is 40 bps, but this estimate is not graded.
Financial Wellness
Strong savings. Employees put away $9,570/employee a year. That's more than 92% of similar plans.
lower92th percentilehigher
Plan design
Covers the basics. A few high-impact features are missing.
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
Automatic enrollment
New hires are enrolled by default. Plans with auto-enroll see much higher participation.
Safe harbor not reported
The filing does not establish whether this plan uses a safe harbor design, so it does not affect the grade.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health
1 critical issue on the latest filing. These need attention.
Failed IRS fairness test
The plan failed its annual IRS fairness test and had to refund contributions to higher-paid employees. A safe harbor design eliminates this problem entirely.
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Key insights
- Strongest area: financial wellness. Strong savings. Employees put away $9,570/employee a year. That's more than 92% of similar plans.
- Best place to improve: compliance & health. 1 critical issue on the latest filing. These need attention.
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