Alacrity Solutions Group, LLC 401(k) Review & Grade
Alacrity Solutions Group, LLC 401(k) Plan
Fishers, INFinance & Insurance2,177 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$325Employer $ per active participant
$1,590Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$38.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 33th |
| Employee saving | 3th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,229 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alacrity Solutions Group put in about $325 per active participant, below the typical peer ($3,606). 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 (0.37% 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 | $707,846 |
| Participant (employee) contributions | $3,462,217 |
| Other contributions (incl. rollovers in) | $685,327 |
| Administrative expenses paid from the plan | $129,867 |
| Investment advisory & management fees | $108,794 |
| Benefits paid out | $2,855,817 |
| Net assets, start / end of year | $31.5M / $38.4M |
| Active participants, start / end of year | 2,581 / 1,773 |
| Participants with account balances | 1,028 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Lji Wealth Management, LLC | $49,541 reported compensation |
| Empower Annuity Insurance Co | $41,205 reported compensation |
| American Pension Advisors, LTD. | $22,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122144NAL0005890290001, received 2025-10-14, EIN 36-3306934, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.