Asphalt Green, Inc. 401(k) Review & Grade
Asphalt Green, Inc. Profit-Sharing Plan & Trust
New York, NYArts, Entertainment & Recreation535 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$899Employer $ per active participant
$1,109Employee $ saved per active participant
1.26%Direct admin cost, % of plan assets
$11.0MNet plan assets, end of year
$34,263Average balance per account
Score breakdown
- Employer generosity23.0 / 5046th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 4th |
| Employee saving | 26th |
| Peers that auto-enroll | 38% |
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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 ($26,689 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
- Asphalt Green put in about $899 per active participant, below the typical peer ($995). 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 (1.26% 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.
- 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 | $481,096 |
| Participant (employee) contributions | $593,107 |
| Other contributions (incl. rollovers in) | $378,902 |
| Administrative expenses paid from the plan | $130,271 |
| Contract administrator fees | $90,820 |
| Investment advisory & management fees | $39,451 |
| Benefits paid out | $1,248,300 |
| Net assets, start / end of year | $9.6M / $11.0M |
| Active participants, start / end of year | 496 / 574 |
| Participants with account balances | 320 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| John Hancock Life Ins. Co. of Ny | $70,337 reported compensation |
| Magnus Financial Group LLC | $39,451 reported compensation |
| The Benefit Practice | $20,483 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415075341NAL0023222915001, received 2026-04-15, EIN 13-6533158, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.