Odyssey Systems Consulting Group 401(k) Review & Grade
Odyssey Systems Consulting Group LTD 401(k) Plan
Wakefield, MAProfessional, Scientific & Technical Services1,280 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,563Employer $ per active participant
$12,171Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$125.8MNet plan assets, end of year
$80,300Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost24.4 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 98th |
| Employee saving | 75th |
| Peers that auto-enroll | 48% |
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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
- Odyssey Systems Consulting Group put in about $3,563 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 | $4,562,952 |
| Participant (employee) contributions | $15,584,438 |
| Other contributions (incl. rollovers in) | $5,935,521 |
| Administrative expenses paid from the plan | $11,752 |
| Benefits paid out | $14,943,299 |
| Net assets, start / end of year | $99.0M / $125.8M |
| Active participants, start / end of year | 1,164 / 1,397 |
| Participants with account balances | 1,567 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| LPL Financial LLC | $105,021 reported compensation |
| Fidelity Investments Institutional | $11,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729080828NAL0001420771001, received 2025-07-29, EIN 04-3373471, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.