Amynta Agency, Inc. 401(k) Review & Grade
Amynta 401(k) Plan
New York, NYFinance & Insurance1,668 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,026Employer $ per active participant
$5,702Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$102.2MNet plan assets, end of year
$70,231Average balance per account
Score breakdown
- Employer generosity10.3 / 5021th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 94th |
| Employee saving | 31th |
| Peers that auto-enroll | 62% |
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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 ($2,720 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
- Amynta Agency put in about $2,026 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $3,379,012 |
| Participant (employee) contributions | $9,507,396 |
| Other contributions (incl. rollovers in) | $1,851,464 |
| Administrative expenses paid from the plan | $24,788 |
| Benefits paid out | $9,366,942 |
| Net assets, start / end of year | $84.2M / $102.2M |
| Active participants, start / end of year | 1,633 / 1,702 |
| Participants with account balances | 1,455 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $24,788 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905135959NAL0028941552001, received 2025-09-05, EIN 82-3697493, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.