Athena Consulting LLC 401(k) Review & Grade
Athena Consulting LLC 401(k) Plan
Gaithersburg, MDAdministrative, Support & Staffing Services550 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$265Employer $ per active participant
$853Employee $ saved per active participant
1.18%Direct admin cost, % of plan assets
$3.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.4 / 5033th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 5th |
| Employee saving | 29th |
| Peers that auto-enroll | 27% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($99,757 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $58,165 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Athena Consulting put in about $265 per active participant, below the typical peer ($712). 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 (1.18% 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 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 | $145,581 |
| Participant (employee) contributions | $469,197 |
| Other contributions (incl. rollovers in) | $17,579 |
| Administrative expenses paid from the plan | $35,671 |
| Contract administrator fees | $21,559 |
| Investment advisory & management fees | $14,112 |
| Benefits paid out | $348,314 |
| Net assets, start / end of year | $2.7M / $3.3M |
| Active participants, start / end of year | 565 / 535 |
| Participants with account balances | 172 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $21,558 reported compensation |
| Merrill Lynch Retirement & Benefit | $14,112 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122125NAL0002876641001, received 2025-10-14, EIN 16-1616169, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.