Compsych Management Corporation 401(k) Review & Grade
Compsych Management Corporation Retirement Plan
Chicago, ILHealth Care & Social Assistance1,429 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$417Employer $ per active participant
$2,487Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$53.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost12.9 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 51th |
| Employee saving | 49th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $180,803 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Compsych Management put in about $417 per active participant, below the typical peer ($976). 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.
- 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 | $595,498 |
| Participant (employee) contributions | $3,553,839 |
| Other contributions (incl. rollovers in) | $577,831 |
| Administrative expenses paid from the plan | $105,940 |
| Investment advisory & management fees | $45,474 |
| Benefits paid out | $1,796,404 |
| Net assets, start / end of year | $43.5M / $53.6M |
| Active participants, start / end of year | 1,444 / 1,414 |
| Participants with account balances | 589 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sassetti LLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $60,466 reported compensation |
| Oppenheimer & Co. Inc. | $45,474 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160954NAL0004399971001, received 2025-10-10, EIN 36-3272141, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.