Allstate Sales Group Inc 401(k) Review & Grade
Allstate Sales Group Inc 401(k) Plan
Holmdel, NJProfessional, Scientific & Technical Services790 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,597Employer $ per active participant
$2,319Employee $ saved per active participant
1.23%Direct admin cost, % of plan assets
$12.6MNet plan assets, end of year
$18,976Average balance per account
Score breakdown
- Employer generosity14.0 / 5028th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score27 / 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 | 28th |
| Lower admin cost | 4th |
| Employee saving | 12th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Allstate Sales Group put in about $1,597 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 (1.23% 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 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 | $1,260,542 |
| Participant (employee) contributions | $1,830,754 |
| Other contributions (incl. rollovers in) | $476,537 |
| Administrative expenses paid from the plan | $137,602 |
| Contract administrator fees | $110,276 |
| Investment advisory & management fees | $27,326 |
| Benefits paid out | $1,936,758 |
| Net assets, start / end of year | $9.9M / $12.6M |
| Active participants, start / end of year | 833 / 746 |
| Participants with account balances | 664 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmithbrown PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $80,475 reported compensation |
| Orenda Retirement, LLC | $39,535 reported compensation |
| Wells Fargo Clearing Services LLC | $27,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014095429NAL0005313986001, received 2025-10-14, EIN 27-0265043, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.