Do & Co New York Catering, Inc. 401(k) Review & Grade
Do & Co New York Catering, Inc. 401(k) Plan
Jamaica, NYAccommodation & Food Services1,426 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$529Employer $ per active participant
$1,084Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$9.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity36.1 / 5072th percentile for employer $ per participant
- Low cost19.0 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-18 pts3 issues reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 76th |
| Employee saving | 64th |
| Peers that auto-enroll | 17% |
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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 ($7,805 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $37,861 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Do & Co New York Catering put in about $529 per active participant, more than the typical peer ($266). 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 | $753,744 |
| Participant (employee) contributions | $1,544,569 |
| Other contributions (incl. rollovers in) | $54,526 |
| Administrative expenses paid from the plan | $7,600 |
| Contract administrator fees | $7,600 |
| Benefits paid out | $803,851 |
| Net assets, start / end of year | $7.0M / $9.6M |
| Active participants, start / end of year | 1,472 / 1,379 |
| Participants with account balances | 573 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rogoff & Co., PC |
Largest service providers (Schedule C)
| Mai Capital Management, LLC | $8,698 reported compensation |
| Voya Retirement Insurance & Annuity | $60 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260120094859NAL0001251923001, received 2026-01-20, EIN 52-2172847, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.