Alphasense, Inc. 401(k) Review & Grade
Alphasense, Inc. 401(k) Plan
New York, NYProfessional, Scientific & Technical Services687 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,988Employer $ per active participant
$11,045Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$37.0MNet plan assets, end of year
$46,680Average balance per account
Score breakdown
- Employer generosity24.3 / 5049th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 24th |
| Employee saving | 68th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,373 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,103 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alphasense put in about $2,988 per active participant, below the typical peer ($3,082). 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 (0.49% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,052,513 |
| Participant (employee) contributions | $7,587,888 |
| Other contributions (incl. rollovers in) | $4,991,979 |
| Administrative expenses paid from the plan | $142,104 |
| Contract administrator fees | $142,104 |
| Benefits paid out | $2,917,712 |
| Net assets, start / end of year | $21.1M / $37.0M |
| Active participants, start / end of year | 687 / 687 |
| Participants with account balances | 792 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Citrin Cooperman & Comapny LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $141,745 reported compensation |
| Creative Planning, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013160149NAL0000808403001, received 2025-10-13, EIN 26-4324106, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.