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Grade My 401(k)
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1 issue

The Depository Trust & Clearing Corporation

13-4086405· Jersey City, NJ· 2024 filing· vs 99 plans your size
B
0/100
Overall grade

Solid plan with a few things to improve.

–
Fees
not graded
A
Financial Wellness
F
Plan design
B
Compliance
Fees
Estimate only · not graded

Fees aren't disclosed. A typical estimate for a plan with this asset level is 14 bps, but this estimate is not graded.

Not graded
Financial Wellness

Strong savings. Employees put away $13,969/employee a year. That's more than 95% of similar plans.

A
lower95th percentilehigher
Plan design

Good base, but no automatic enrollment. That's the top thing to add.

F
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.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Safe harbor not reported
The filing does not establish whether this plan uses a safe harbor design, so it does not affect the grade.
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 item to review, nothing critical.

B
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
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Key insights

  • Strongest area: financial wellness. Strong savings. Employees put away $13,969/employee a year. That's more than 95% of similar plans.
  • Best place to improve: plan design. Good base, but no automatic enrollment. That's the top thing to add.
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