Aml Rightsource, LLC 401(k) Review & Grade
Aml Rightsource, LLC 401(k) Profit Sharing Plan
Cleveland, OHProfessional, Scientific & Technical Services1,624 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,393Employer $ per active participant
$2,804Employee $ saved per active participant
1.03%Direct admin cost, % of plan assets
$33.1MNet plan assets, end of year
$27,344Average balance per account
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 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 | 25th |
| Lower admin cost | 6th |
| Employee saving | 14th |
| 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
- Aml Rightsource put in about $1,393 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 (1.03% 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 | $2,262,321 |
| Participant (employee) contributions | $4,555,209 |
| Other contributions (incl. rollovers in) | $517,657 |
| Administrative expenses paid from the plan | $303,937 |
| Investment advisory & management fees | $102,352 |
| Benefits paid out | $3,838,850 |
| Net assets, start / end of year | $25.8M / $33.1M |
| Active participants, start / end of year | 1,471 / 1,778 |
| Participants with account balances | 1,212 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BSB Partners Cpas & Business Adviso |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $201,585 reported compensation |
| Ancora Retirement Plan Advisors | $82,255 reported compensation |
| Strategic Advisors, Inc. | $20,097 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014173949NAL0004649808001, received 2025-10-14, EIN 20-1996855, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.