Abc Legal Holdings, LLC. 401(k) Review & Grade
Abc Legal Services 401 (K) Plan
Seattle, WATransportation & Warehousing596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$845Employer $ per active participant
$2,529Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$17.9MNet plan assets, end of year
$22,979Average balance per account
Score breakdown
- Employer generosity21.5 / 5043th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 26th |
| Employee saving | 41th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($58,260 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $16,142 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Abc Legal Holdings put in about $845 per active participant, below the typical peer ($1,070). 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 (0.45% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $503,360 |
| Participant (employee) contributions | $1,506,144 |
| Other contributions (incl. rollovers in) | $13,174 |
| Administrative expenses paid from the plan | $73,843 |
| Investment advisory & management fees | $49,927 |
| Benefits paid out | $1,311,744 |
| Net assets, start / end of year | $15.0M / $17.9M |
| Active participants, start / end of year | 548 / 643 |
| Participants with account balances | 777 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Richey, May & Co., LLP |
Largest service providers (Schedule C)
| Usi Advisors, Inc. | $49,927 reported compensation |
| Usi Consulting Group, Inc. | $19,819 reported compensation |
| Charles Schwab Trust Bank | $6,628 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007142531NAL0004900225002, received 2025-10-07, EIN 84-2147344, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.