Marcum Advisory Group, LLC 401(k) Review & Grade
Marcum Advisory Group, LLC 401(k) Plan
Melville, NYProfessional, Scientific & Technical Services3,535 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,618Employer $ per active participant
$10,917Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$620.4MNet plan assets, end of year
$123,324Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost20.1 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1560th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 81th |
| Employee saving | 60th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,094 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marcum Advisory Group put in about $3,618 per active participant, more than the typical peer ($2,951). 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.
- 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 | $12,790,637 |
| Participant (employee) contributions | $38,591,917 |
| Other contributions (incl. rollovers in) | $8,858,457 |
| Administrative expenses paid from the plan | $267,323 |
| Other admin expenses | $267,323 |
| Benefits paid out | $76,672,743 |
| Net assets, start / end of year | $558.0M / $620.4M |
| Active participants, start / end of year | 3,682 / 3,388 |
| Participants with account balances | 5,031 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kahn Litwin, Renza & Co. LTD |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $248,967 reported compensation |
| Kahn Litwin Renza & Co LTD | $19,872 reported compensation |
| Vanguard Advisers Inc. | $6,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014150237NAL0001550947001, received 2025-10-14, EIN 88-1478669, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.