Withumsmith+brown PC 401(k) Review & Grade
Withumsmith+brown 401(k) Employee Savings Plan
Princeton, NJProfessional, Scientific & Technical Services2,064 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,875Employer $ per active participant
$12,062Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$326.1MNet plan assets, end of year
$141,528Average balance per account
Score breakdown
- Employer generosity16.0 / 5032th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 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 | 32th |
| Lower admin cost | 54th |
| Employee saving | 74th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,003 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Withumsmith+brown put in about $1,875 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.
- 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 | $3,869,983 |
| Participant (employee) contributions | $24,896,104 |
| Other contributions (incl. rollovers in) | $13,253,942 |
| Administrative expenses paid from the plan | $581,888 |
| Investment advisory & management fees | $111,311 |
| Other admin expenses | $339,806 |
| Benefits paid out | $14,370,876 |
| Net assets, start / end of year | $256.9M / $326.1M |
| Active participants, start / end of year | 2,133 / 1,995 |
| Participants with account balances | 2,304 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Landmark, PLC Cpas |
Largest service providers (Schedule C)
| Pinnacle | $339,806 reported compensation |
| Fidelity Investments Institutional | $131,723 reported compensation |
| Newport Capital Group | $78,783 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819134505NAL0002371873001, received 2025-08-19, EIN 22-2027092, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.