Northstar Group Services, Inc. 401(k) Review & Grade
Northstar Group Services, Inc. 401(k) Retirement Plan
New York, NYConstruction1,262 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,011Employer $ per active participant
$6,695Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$88.1MNet plan assets, end of year
$60,648Average balance per account
Score breakdown
- Employer generosity16.1 / 5032th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 42th |
| Employee saving | 81th |
| Peers that auto-enroll | 44% |
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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
- Northstar Group Services put in about $1,011 per active participant, below the typical peer ($1,672). 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.
- 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 | $1,275,623 |
| Participant (employee) contributions | $8,448,912 |
| Other contributions (incl. rollovers in) | $212,817 |
| Administrative expenses paid from the plan | $237,614 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $117,829 |
| Benefits paid out | $7,475,191 |
| Net assets, start / end of year | $76.4M / $88.1M |
| Active participants, start / end of year | 1,154 / 1,370 |
| Participants with account balances | 1,453 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $119,835 reported compensation |
| Wilmington Trust National Assoc | $117,829 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908132740NAL0011949139001, received 2025-09-08, EIN 95-3404051, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.