Allegis Group, Inc. 401(k) Review & Grade
Allegis Group, Inc. Retirement Savings Plan Two
Hanover, MDAdministrative, Support & Staffing Services177,602 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$354Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$288.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.7 / 509th percentile for employer $ per participant
- Low cost1.9 / 257th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 7th |
| Employee saving | 19th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $45,512 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Allegis Group put in about $1 per active participant, below the typical peer ($271). 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 (0.36% of assets) are well above similar-size plans (0.09%). 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 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 | $112,727 |
| Participant (employee) contributions | $62,807,065 |
| Other contributions (incl. rollovers in) | $29,203,397 |
| Administrative expenses paid from the plan | $912,869 |
| Contract administrator fees | $896,245 |
| Investment advisory & management fees | $5,694 |
| Benefits paid out | $67,760,803 |
| Net assets, start / end of year | $224.2M / $288.6M |
| Active participants, start / end of year | 184,952 / 170,251 |
| Participants with account balances | 18,419 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $935,395 reported compensation |
| Sc&h Attest Services, P.C. | $8,954 reported compensation |
| Captrust | $5,694 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160301NAL0006863456001, received 2025-10-15, EIN 52-1304931, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.