Idt Corporation 401(k) Review & Grade
Idt Corporation 401(k) Plan
Newark, NJInformation656 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,360Employer $ per active participant
$8,455Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$182.3MNet plan assets, end of year
$108,193Average balance per account
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 42th |
| Employee saving | 47th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Idt put in about $3,360 per active participant, more than the typical peer ($2,829). 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 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 | $2,202,586 |
| Participant (employee) contributions | $5,542,549 |
| Other contributions (incl. rollovers in) | $104,150 |
| Administrative expenses paid from the plan | $497,961 |
| Investment advisory & management fees | $12,138 |
| Benefits paid out | $10,968,418 |
| Net assets, start / end of year | $160.4M / $182.3M |
| Active participants, start / end of year | 665 / 646 |
| Participants with account balances | 1,685 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
| Employer stock held by plan | $14,110,114 |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $442,022 reported compensation |
| Oberon Securities, LLC | $208,199 reported compensation |
| State Street Bank and Trust Co. | $25,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010151353NAL0004740835001, received 2025-10-10, EIN 22-3312700, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.