Capital Management Services, LP 401(k) Review & Grade
Capital Management Services, LP 401(k) Retirement Plan
Buffalo, NYFinance & Insurance514 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$176Employer $ per active participant
$2,661Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$15.7MNet plan assets, end of year
$24,248Average balance per account
Score breakdown
- Employer generosity1.5 / 503th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 91th |
| Employee saving | 6th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,039 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Capital Management Services, LP put in about $176 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.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $90,481 |
| Participant (employee) contributions | $1,366,632 |
| Other contributions (incl. rollovers in) | $370 |
| Administrative expenses paid from the plan | $5,683 |
| Benefits paid out | $1,550,866 |
| Net assets, start / end of year | $13.8M / $15.7M |
| Active participants, start / end of year | 366 / 661 |
| Participants with account balances | 649 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Efpr Group, LLC |
Largest service providers (Schedule C)
| Osaic Wealth Inc | $35,566 reported compensation |
| Fidelity Investments Institutional | $5,683 reported compensation |
| National Financial Services LLC | $1 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010123101NAL0007719153001, received 2025-10-10, EIN 33-1095529, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.