Insider, Inc. 401(k) Review & Grade
Insider, Inc. 401(k) Plan
New York, NYInformation853 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,781Employer $ per active participant
$10,136Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$91.7MNet plan assets, end of year
$66,081Average balance per account
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 51th |
| Employee saving | 58th |
| 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
- Insider put in about $2,781 per active participant, below the typical peer ($2,829). 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 | $2,371,932 |
| Participant (employee) contributions | $8,645,814 |
| Other contributions (incl. rollovers in) | $1,207,852 |
| Administrative expenses paid from the plan | $188,977 |
| Contract administrator fees | $105,064 |
| Investment advisory & management fees | $83,913 |
| Benefits paid out | $9,008,774 |
| Net assets, start / end of year | $76.9M / $91.7M |
| Active participants, start / end of year | 896 / 810 |
| Participants with account balances | 1,388 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Citrin Cooperman and Company LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $105,064 reported compensation |
| Aprio Wealth Management | $83,913 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806150304NAL0008606962001, received 2025-08-06, EIN 20-8996388, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.