Riskonnect, Inc. 401(k) Review & Grade
Riskonnect, Inc. 401(k) Profit Sharing Plan
Atlanta, GAProfessional, Scientific & Technical Services636 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,934Employer $ per active participant
$9,033Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$64.9MNet plan assets, end of year
$97,373Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1550th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score32 / 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 | 33th |
| Lower admin cost | 30th |
| Employee saving | 50th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Riskonnect put in about $1,934 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 (0.40% 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.
- 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 | $1,230,188 |
| Participant (employee) contributions | $5,744,746 |
| Other contributions (incl. rollovers in) | $391,873 |
| Administrative expenses paid from the plan | $199,669 |
| Investment advisory & management fees | $6,194 |
| Other admin expenses | $156,891 |
| Benefits paid out | $4,751,234 |
| Net assets, start / end of year | $34.2M / $64.9M |
| Active participants, start / end of year | 663 / 609 |
| Participants with account balances | 667 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Mercer (US) Inc Mercer Investments | $140,909 reported compensation |
| Empower Annuity Insurance Company O | $36,584 reported compensation |
| Empower Advisory Group, LLC | $6,194 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150639NAL0005241985001, received 2025-10-15, EIN 26-0842782, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.