Gen II Management, LLC 401(k) Review & Grade
Gen II Management, LLC 401(k) Plan
New York, NYProfessional, Scientific & Technical Services1,042 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,766Employer $ per active participant
$8,398Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$61.3MNet plan assets, end of year
$56,787Average balance per account
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost10.1 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 41th |
| Employee saving | 45th |
| 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 ($2,176,583 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
- Gen II Management put in about $1,766 per active participant, below the typical peer ($3,082). 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 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 | $1,839,729 |
| Participant (employee) contributions | $8,750,236 |
| Other contributions (incl. rollovers in) | $1,351,582 |
| Administrative expenses paid from the plan | $161,649 |
| Investment advisory & management fees | $88,618 |
| Benefits paid out | $4,278,133 |
| Net assets, start / end of year | $46.7M / $61.3M |
| Active participants, start / end of year | 1,022 / 1,062 |
| Participants with account balances | 1,080 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Alpha Capital Management Group LLC | $77,185 reported compensation |
| Empower Life & Annuity Insurance Co | $73,031 reported compensation |
| Empower Advisory Group, LLC | $11,433 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171707NAL0010807442001, received 2025-10-15, EIN 27-0743067, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.