Axtria Inc 401(k) Review & Grade
Axtria Inc. 401k Plan
Berkeley Heights, NJProfessional, Scientific & Technical Services714 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,280Employer $ per active participant
$8,929Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$50.5MNet plan assets, end of year
$74,244Average balance per account
Score breakdown
- Employer generosity33.7 / 5067th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 50th |
| Employee saving | 49th |
| Peers that auto-enroll | 48% |
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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 ($525 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
- Axtria put in about $4,280 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $3,053,956 |
| Participant (employee) contributions | $6,370,732 |
| Other contributions (incl. rollovers in) | $206,902 |
| Administrative expenses paid from the plan | $100,407 |
| Contract administrator fees | $93,097 |
| Investment advisory & management fees | $6,560 |
| Other admin expenses | $750 |
| Benefits paid out | $4,231,668 |
| Net assets, start / end of year | $38.2M / $50.5M |
| Active participants, start / end of year | 749 / 678 |
| Participants with account balances | 680 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Metz CPA, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $95,032 reported compensation |
| Morningstar | $6,722 reported compensation |
| Metz and Associates PLLC | $5,375 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917104637NAL0000516178001, received 2025-09-17, EIN 27-1142668, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.