Alegeus Technologies, LLC 401(k) Review & Grade
Alegeus Technologies LLC 401(k) Plan
Waltham, MAInformation671 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,290Employer $ per active participant
$7,904Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$58.0MNet plan assets, end of year
$67,011Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 51th |
| Employee saving | 45th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $48,156 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alegeus Technologies put in about $2,290 per active participant, below the typical peer ($2,829). 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.
- 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 | $1,536,431 |
| Participant (employee) contributions | $5,303,693 |
| Other contributions (incl. rollovers in) | $1,252,764 |
| Administrative expenses paid from the plan | $120,026 |
| Benefits paid out | $6,797,609 |
| Net assets, start / end of year | $49.3M / $58.0M |
| Active participants, start / end of year | 655 / 687 |
| Participants with account balances | 865 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $114,326 reported compensation |
| Caron & Bletzer, PLLC | $5,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250507070447NAL0010386321001, received 2025-05-07, EIN 90-0808825, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.