Icims 401(k) Review & Grade
Icims 401(k) Plan
Holmdel, NJProfessional, Scientific & Technical Services772 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,613Employer $ per active participant
$11,630Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$105.6MNet plan assets, end of year
$95,497Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 61th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $907 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Icims put in about $2,613 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.
- 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 | $2,018,894 |
| Participant (employee) contributions | $8,984,030 |
| Other contributions (incl. rollovers in) | $343,395 |
| Administrative expenses paid from the plan | $160,485 |
| Investment advisory & management fees | $62,000 |
| Benefits paid out | $11,810,162 |
| Net assets, start / end of year | $91.8M / $105.6M |
| Active participants, start / end of year | 848 / 697 |
| Participants with account balances | 1,106 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,030 reported compensation |
| Cetera Investment Advisors LLC | $46,500 reported compensation |
| Eisneramper | $28,455 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095006NAL0004224225001, received 2025-10-15, EIN 22-3719840, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.