24 Seven, LLC 401(k) Review & Grade
24 Seven, LLC 401(k) Plan
Melville, NYAdministrative, Support & Staffing Services3,884 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$489Employer $ per active participant
$1,602Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$59.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.2 / 5056th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 78th |
| Employee saving | 56th |
| Peers that auto-enroll | 22% |
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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
- 24 Seven put in about $489 per active participant, more than the typical peer ($342). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $1,900,823 |
| Participant (employee) contributions | $6,223,897 |
| Other contributions (incl. rollovers in) | $1,275,684 |
| Administrative expenses paid from the plan | $26,525 |
| Contract administrator fees | $25,375 |
| Investment advisory & management fees | $1,150 |
| Benefits paid out | $3,469,586 |
| Net assets, start / end of year | $43.2M / $59.0M |
| Active participants, start / end of year | 4,458 / 3,310 |
| Participants with account balances | 1,421 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Bonadio Group |
Largest service providers (Schedule C)
| J.P. Morgan Securities, LLC | $84,258 reported compensation |
| JP Morgan Securities | $22,003 reported compensation |
| The Benefit Practice | $21,988 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135403NAL0009578370001, received 2025-10-15, EIN 11-3525439, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.