Atria Wealth Solutions, Inc. 401(k) Review & Grade
Atria Wealth Solutions 401(k) Plan
New York, NYFinance & Insurance618 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,180Employer $ per active participant
$8,320Employee $ saved per active participant
$0 reportedDirect admin cost, % of plan assets
$57.0MNet plan assets, end of year
$68,562Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost12.5 / 25No direct expenses reported, scored neutral
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | neutral |
| Employee saving | 64th |
| 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 ($1,250 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
- Atria Wealth Solutions put in about $2,180 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.
- The plan reported no administrative expenses paid from plan assets. The employer may pay them, or the costs may be built into fund fees. Check your 404(a)(5) fee disclosure for each fund's expense ratio.
- 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 | $1,345,965 |
| Participant (employee) contributions | $5,137,484 |
| Other contributions (incl. rollovers in) | $817,712 |
| Administrative expenses paid from the plan | $0 |
| Benefits paid out | $7,532,639 |
| Net assets, start / end of year | $48.9M / $57.0M |
| Active participants, start / end of year | 636 / 599 |
| Participants with account balances | 832 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lavine, Lofgren, Morris & Engelbert |
Largest service providers (Schedule C)
| American Trust Company | $201,630 reported compensation |
| Ach Retirement Plan Consultants, in | $8,480 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015205610NAL0011508882001, received 2025-10-15, EIN 82-5185377, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.