Allegis Group, Inc. 401(k) Review & Grade
Allegis Group, Inc. Retirement Savings Plan One
Hanover, MDAdministrative, Support & Staffing Services24,126 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,357Employer $ per active participant
$6,952Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$52,839Average balance per account
Score breakdown
- Employer generosity40.6 / 5081th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 47th |
| Employee saving | 97th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,789 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Allegis Group put in about $1,357 per active participant, more than the typical peer ($271). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $32,748,296 |
| Participant (employee) contributions | $167,729,090 |
| Other contributions (incl. rollovers in) | $16,219,392 |
| Administrative expenses paid from the plan | $1,898,385 |
| Contract administrator fees | $1,597,686 |
| Investment advisory & management fees | $53,776 |
| Benefits paid out | $151,301,695 |
| Net assets, start / end of year | $1.8B / $2.2B |
| Active participants, start / end of year | 24,457 / 23,794 |
| Participants with account balances | 41,539 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $1,691,436 reported compensation |
| Alston & Bird | $174,751 reported compensation |
| Sc&h Attest Services, P.C. | $72,172 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155747NAL0006685600001, received 2025-10-15, EIN 52-1304931, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.