Apt Holdings, LLC 401(k) Review & Grade
Apt 401(k) Plan
Glen Burnie, MDHealth Care & Social Assistance610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$525Employer $ per active participant
$2,471Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$12.2MNet plan assets, end of year
$36,728Average balance per account
Score breakdown
- Employer generosity18.1 / 5036th percentile for employer $ per participant
- Low cost3.6 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 15th |
| Employee saving | 49th |
| Peers that auto-enroll | 36% |
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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
- Apt Holdings put in about $525 per active participant, below the typical peer ($976). 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 (0.66% 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 | $320,418 |
| Participant (employee) contributions | $1,508,828 |
| Other contributions (incl. rollovers in) | $109,695 |
| Administrative expenses paid from the plan | $74,698 |
| Benefits paid out | $1,652,456 |
| Net assets, start / end of year | $10.4M / $12.2M |
| Active participants, start / end of year | 589 / 632 |
| Participants with account balances | 332 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Adp, Inc. | $22,177 reported compensation |
| 401k Advisors Inc | $14,336 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930162324NAL0005589011001, received 2025-09-30, EIN 84-3252042, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.