Insight Service Group Inc 401(k) Review & Grade
Insight Service Group Inc 401(k) Plan
Danvers, MAProfessional, Scientific & Technical Services1,132 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,139Employer $ per active participant
$2,215Employee $ saved per active participant
2.64%Direct admin cost, % of plan assets
$14.9MNet plan assets, end of year
$8,765Average balance per account
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 1th |
| Employee saving | 11th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $67,200 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Insight Service Group put in about $1,139 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.
- Direct plan expenses (2.64% 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.
- 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 | $1,288,950 |
| Participant (employee) contributions | $2,505,809 |
| Other contributions (incl. rollovers in) | $87,083 |
| Administrative expenses paid from the plan | $334,673 |
| Contract administrator fees | $334,673 |
| Benefits paid out | $990,656 |
| Net assets, start / end of year | $10.4M / $14.9M |
| Active participants, start / end of year | 1,024 / 1,239 |
| Participants with account balances | 1,705 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Raphael and Raphael LLP |
Largest service providers (Schedule C)
| The Retirement Advantage Inc | $58,610 reported compensation |
| Stance Capital LLC | $57,233 reported compensation |
| LPL Financial | $57,233 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725123738NAL0003434003001, received 2025-07-25, EIN 04-3280934, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.