Alante Security Group, P.C. 401(k) Review & Grade
Government Contractors Savings Plan and Master Te Security Group, Inc. Plan
Westbury, NYProfessional, Scientific & Technical Services636 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,170Employer $ per active participant
$112Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$9.1MNet plan assets, end of year
$13,786Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost2.6 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 11th |
| Employee saving | 1th |
| Peers that auto-enroll | 48% |
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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 ($27,158 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Alante Security Group put in about $2,170 per active participant, below the typical peer ($3,082). 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 (0.78% 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 | $1,381,156 |
| Participant (employee) contributions | $71,215 |
| Other contributions (incl. rollovers in) | $216,550 |
| Administrative expenses paid from the plan | $66,466 |
| Contract administrator fees | $46,449 |
| Investment advisory & management fees | $8,007 |
| Other admin expenses | $12,010 |
| Benefits paid out | $1,185,848 |
| Net assets, start / end of year | $7.9M / $9.1M |
| Active participants, start / end of year | 654 / 619 |
| Participants with account balances | 663 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $34,652 reported compensation |
| Alliant Insurance Services, Inc. | $23,555 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $20,035 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260708143423NAL0020908769001, received 2026-07-08, EIN 11-3097920, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.