42 North Dental, LLC 401(k) Review & Grade
42 North Dental, LLC 401(k) Plan
Waltham, MAHealth Care & Social Assistance1,538 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$4,321Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$60.4MNet plan assets, end of year
$34,987Average balance per account
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 50th |
| Employee saving | 72th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $25,295 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- This plan reported $0 in employer contributions for 2024. Some employers put their money into a separate plan, so check any other plans listed below and ask HR. If there really is no company money, you still get the tax break. Compare the plan's fees and funds with an IRA before deciding where your next dollar goes.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $0 |
| Participant (employee) contributions | $6,643,786 |
| Other contributions (incl. rollovers in) | $120,832 |
| Administrative expenses paid from the plan | $128,530 |
| Investment advisory & management fees | $101,859 |
| Benefits paid out | $6,889,318 |
| Net assets, start / end of year | $52.6M / $60.4M |
| Active participants, start / end of year | 1,413 / 1,662 |
| Participants with account balances | 1,726 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer PLLC |
Largest service providers (Schedule C)
| Sageview Advisory Group LLC | $93,151 reported compensation |
| Caron & Bletzer, PLLC | $14,800 reported compensation |
| Fidelity Investments Institutional | $11,871 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801082914NAL0003103971001, received 2025-08-01, EIN 04-3339878, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.