Maestro Consulting Services, LLC 401(k) Review & Grade
Symphony Multiple Employer Plan · d/b/a Symphony Post-Acute Network
Lincolnwood, ILOther Services557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$271Employer $ per active participant
$2,172Employee $ saved per active participant
1.49%Direct admin cost, % of plan assets
$23.3MNet plan assets, end of year
$20,921Average balance per account
Score breakdown
- Employer generosity10.4 / 5021th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 3th |
| Employee saving | 42th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($157,867 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $32 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Maestro Consulting Services put in about $271 per active participant, below the typical peer ($1,257). 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 (1.49% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $151,164 |
| Participant (employee) contributions | $1,210,075 |
| Other contributions (incl. rollovers in) | $154,525 |
| Administrative expenses paid from the plan | $362,740 |
| Contract administrator fees | $119,279 |
| Investment advisory & management fees | $49,935 |
| Other admin expenses | $105,087 |
| Benefits paid out | $6,083,313 |
| Net assets, start / end of year | $25.4M / $23.3M |
| Active participants, start / end of year | 640 / 474 |
| Participants with account balances | 1,113 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Smith & Howard, PC |
Largest service providers (Schedule C)
| Newport Group, Inc. | $198,461 reported compensation |
| Venture Visionary Partners LLC | $49,935 reported compensation |
| Newport Trust Company | $9,257 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015192913NAL0010954242001, received 2025-10-15, EIN 47-5109722, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.