Connectrn Inc. 401(k) Review & Grade
Connectrn Inc. 401(k) Plan
Waltham, MAHealth Care & Social Assistance996 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$554Employer $ per active participant
$1,159Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$6.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 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 | 38th |
| Lower admin cost | 57th |
| Employee saving | 26th |
| Peers that auto-enroll | 36% |
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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 ($477 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Connectrn put in about $554 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.
- 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 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 | $551,507 |
| Participant (employee) contributions | $1,153,399 |
| Other contributions (incl. rollovers in) | $57,171 |
| Administrative expenses paid from the plan | $12,270 |
| Contract administrator fees | $12,270 |
| Benefits paid out | $2,491,564 |
| Net assets, start / end of year | $6.6M / $6.8M |
| Active participants, start / end of year | 934 / 1,057 |
| Participants with account balances | 289 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gray Gray & Gray LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $12,270 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006141129NAL0003521825001, received 2025-10-06, EIN 46-5458752, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.