Grayrobinson, P.A. 401(k) Review & Grade
Grayrobinson 401(k) Plan
Orlando, FLProfessional, Scientific & Technical Services510 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,744Employer $ per active participant
$10,094Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$221.7MNet plan assets, end of year
$293,273Average balance per account
Score breakdown
- Employer generosity46.2 / 5092th percentile for employer $ per participant
- Low cost23.6 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 95th |
| Employee saving | 60th |
| 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 ($70,214 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
- Grayrobinson, P.A. put in about $10,744 per active participant, more than the typical peer ($3,082). 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 | $5,484,660 |
| Participant (employee) contributions | $5,152,897 |
| Other contributions (incl. rollovers in) | $1,209,370 |
| Administrative expenses paid from the plan | $50,712 |
| Other admin expenses | $7,252 |
| Benefits paid out | $22,043,201 |
| Net assets, start / end of year | $211.8M / $221.7M |
| Active participants, start / end of year | 525 / 496 |
| Participants with account balances | 756 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rosenfield & Company |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $41,243 reported compensation |
| Empower Annuity Insurance Company | $548 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260611145011NAL0006364433001, received 2026-06-11, EIN 59-1300132, plan #002, plan year 2024-09-01 to 2025-08-31. Verify at efast.dol.gov.