Grant Thornton Advisors LLC 401(k) Review & Grade
Grant Thornton Advisors LLC 401(k) Savings Plan
Chicago, ILProfessional, Scientific & Technical Services7,198 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,578Employer $ per active participant
$12,083Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$139,160Average balance per account
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost20.4 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 81th |
| Employee saving | 69th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,702 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Grant Thornton Advisors put in about $1,578 per active participant, below the typical peer ($2,951). 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 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 | $11,361,181 |
| Participant (employee) contributions | $86,969,892 |
| Other contributions (incl. rollovers in) | $28,583,895 |
| Administrative expenses paid from the plan | $705,397 |
| Contract administrator fees | $1,816 |
| Investment advisory & management fees | $111,240 |
| Benefits paid out | $210,258,769 |
| Net assets, start / end of year | $1.5B / $1.7B |
| Active participants, start / end of year | 7,569 / 6,827 |
| Participants with account balances | 12,121 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $573,885 reported compensation |
| Fiducient Advisors LLC | $111,240 reported compensation |
| Plante & Moran, PLLC | $19,822 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002122119NAL0000479745001, received 2025-10-02, EIN 99-1856619, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.