Enstructure LLC 401(k) Review & Grade
Enstructure 401(k) Plan
Wellesley, MATransportation & Warehousing1,318 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,308Employer $ per active participant
$2,104Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$30.6MNet plan assets, end of year
$31,439Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 84th |
| Employee saving | 31th |
| Peers that auto-enroll | 37% |
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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 ($38,348 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,644 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Enstructure put in about $2,308 per active participant, more than the typical peer ($1,070). 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 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 | $3,043,205 |
| Participant (employee) contributions | $2,773,499 |
| Other contributions (incl. rollovers in) | $824,755 |
| Administrative expenses paid from the plan | $17,067 |
| Benefits paid out | $3,924,355 |
| Net assets, start / end of year | $25.0M / $30.6M |
| Active participants, start / end of year | 1,199 / 1,438 |
| Participants with account balances | 974 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $26,101 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013120324NAL0000576947001, received 2025-10-13, EIN 81-3444562, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.