Gotham Greens Butterhead, LLC 401(k) Review & Grade
Gotham Greens 401(k)
Brooklyn, NYAgriculture, Forestry, Fishing & Hunting574 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$751Employer $ per active participant
$2,821Employee $ saved per active participant
1.12%Direct admin cost, % of plan assets
$6.9MNet plan assets, end of year
$11,258Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 5th |
| Employee saving | 61th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($28,902 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $48,309 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Gotham Greens Butterhead put in about $751 per active participant, below the typical peer ($774). 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.
- Direct plan expenses (1.12% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $431,318 |
| Participant (employee) contributions | $1,620,717 |
| Other contributions (incl. rollovers in) | $559,001 |
| Administrative expenses paid from the plan | $64,323 |
| Contract administrator fees | $64,323 |
| Benefits paid out | $952,795 |
| Net assets, start / end of year | $4.6M / $6.9M |
| Active participants, start / end of year | 571 / 578 |
| Participants with account balances | 612 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $64,322 reported compensation |
| Ubs Financial Services Inc | $24,165 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013102034NAL0001697520001, received 2025-10-13, EIN 47-4110539, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.