Adorama Inc. 401(k) Review & Grade
Adorama 401(k) Plan
New York, NYRetail Trade522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$742Employer $ per active participant
$2,242Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$8.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 19th |
| Employee saving | 38th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $65,729 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Adorama put in about $742 per active participant, below the typical peer ($743). 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 (0.57% 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 | $386,814 |
| Participant (employee) contributions | $1,169,046 |
| Other contributions (incl. rollovers in) | $22,945 |
| Administrative expenses paid from the plan | $46,622 |
| Contract administrator fees | $46,622 |
| Benefits paid out | $1,387,820 |
| Net assets, start / end of year | $7.6M / $8.7M |
| Active participants, start / end of year | 546 / 497 |
| Participants with account balances | 248 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc |
Largest service providers (Schedule C)
| Proaccount | $21,878 reported compensation |
| Associated Pension Consultants Inc | $3,833 reported compensation |
| Nationwide | $852 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160317NAL0013486528001, received 2025-10-10, EIN 13-2918676, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.