Allies Inc. 401(k) Review & Grade
Allies, Inc. 401(k) Plan
Hamilton, NJHealth Care & Social Assistance924 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$892Employer $ per active participant
$1,611Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$13.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.9 / 5048th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 31th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
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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
- Allies put in about $892 per active participant, below the typical peer ($976). 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.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $823,816 |
| Participant (employee) contributions | $1,487,538 |
| Other contributions (incl. rollovers in) | $115,541 |
| Administrative expenses paid from the plan | $48,586 |
| Investment advisory & management fees | $52,825 |
| Other admin expenses | −$16,694 |
| Benefits paid out | $1,219,419 |
| Net assets, start / end of year | $11.2M / $13.8M |
| Active participants, start / end of year | 889 / 958 |
| Participants with account balances | 390 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Belfint, Lyons & Shuman, P.A. |
Largest service providers (Schedule C)
| Fulton Financial Advisors | $12,314 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814103703NAL0009806337001, received 2025-08-14, EIN 22-3677684, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.