Year Up, Inc. 401(k) Review & Grade
Year Up, Inc. 401(k) Plan
Boston, MAEducational Services728 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,588Employer $ per active participant
$8,551Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$81.4MNet plan assets, end of year
$73,554Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 54th |
| Employee saving | 92th |
| Peers that auto-enroll | 37% |
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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
- Year Up put in about $4,588 per active participant, more than the typical peer ($1,225). 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.
- 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 | $3,342,294 |
| Participant (employee) contributions | $6,229,702 |
| Other contributions (incl. rollovers in) | $217,176 |
| Administrative expenses paid from the plan | $151,956 |
| Investment advisory & management fees | $60,000 |
| Benefits paid out | $7,160,170 |
| Net assets, start / end of year | $68.5M / $81.4M |
| Active participants, start / end of year | 742 / 715 |
| Participants with account balances | 1,107 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aafcpas, Inc. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $91,956 reported compensation |
| MML Investor Services LLC | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814092852NAL0008972115001, received 2025-08-14, EIN 04-3534407, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.