Netsmart Technologies, Inc. 401(k) Review & Grade
Netsmart Technologies, Inc. 401(k) Plan
Overland Park, KSProfessional, Scientific & Technical Services2,614 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,503Employer $ per active participant
$8,613Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$283.5MNet plan assets, end of year
$83,736Average balance per account
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 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 | 44th |
| Lower admin cost | 45th |
| Employee saving | 46th |
| Peers that auto-enroll | 47% |
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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
- Netsmart Technologies put in about $2,503 per active participant, below the typical peer ($2,951). 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 | $6,544,097 |
| Participant (employee) contributions | $22,513,981 |
| Other contributions (incl. rollovers in) | $6,950,323 |
| Administrative expenses paid from the plan | $373,064 |
| Investment advisory & management fees | $80,000 |
| Benefits paid out | $24,601,849 |
| Net assets, start / end of year | $236.3M / $283.5M |
| Active participants, start / end of year | 2,545 / 2,683 |
| Participants with account balances | 3,386 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $293,787 reported compensation |
| Creative Planning LLC | $80,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145240NAL0003352786001, received 2025-10-13, EIN 13-3680154, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.