Moore & Van Allen PLLC 401(k) Review & Grade
Moore & Van Allen PLLC 401(k) Profit Sharing Plan
Charlotte, NCProfessional, Scientific & Technical Services702 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$13,827Employer $ per active participant
$13,084Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$403.2MNet plan assets, end of year
$449,483Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 80th |
| Employee saving | 80th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,913 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Moore & Van Allen PLLC put in about $13,827 per active participant, more than the typical peer ($3,082). 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 | $9,713,655 |
| Participant (employee) contributions | $9,191,698 |
| Other contributions (incl. rollovers in) | $2,213,746 |
| Administrative expenses paid from the plan | $298,124 |
| Contract administrator fees | $55,239 |
| Investment advisory & management fees | $75,615 |
| Benefits paid out | $32,339,636 |
| Net assets, start / end of year | $364.2M / $403.2M |
| Active participants, start / end of year | 708 / 697 |
| Participants with account balances | 897 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Greerwalker LLP |
Largest service providers (Schedule C)
| Newport Trust Company | $150,481 reported compensation |
| Capfinancial Partners, LLC | $75,615 reported compensation |
| Newport Group, Inc. | $72,028 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925102757NAL0008411905001, received 2025-09-25, EIN 56-0559307, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.