Corporate Finance Group, Inc. 401(k) Review & Grade
Cfgi 401(k) Plan
Boston, MAProfessional, Scientific & Technical Services914 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,783Employer $ per active participant
$14,097Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$104.6MNet plan assets, end of year
$89,475Average balance per account
Score breakdown
- Employer generosity30.5 / 5061th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 66th |
| Employee saving | 85th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Corporate Finance Group put in about $3,783 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 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 | $3,455,876 |
| Participant (employee) contributions | $12,877,966 |
| Other contributions (incl. rollovers in) | $1,478,447 |
| Administrative expenses paid from the plan | $125,243 |
| Investment advisory & management fees | $37,526 |
| Benefits paid out | $6,381,806 |
| Net assets, start / end of year | $80.1M / $104.6M |
| Active participants, start / end of year | 925 / 902 |
| Participants with account balances | 1,169 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP. |
Largest service providers (Schedule C)
| Adp, Inc. | $87,717 reported compensation |
| Mayflower Financial Advisors, LLC | $37,526 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095746NAL0004239457001, received 2025-10-15, EIN 04-3545708, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.