Revel Transit, Inc. 401(k) Review & Grade
Revel Transit, Inc. 401(k) Plan
Brooklyn, NYOther Services685 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$20Employer $ per active participant
$1,151Employee $ saved per active participant
1.16%Direct admin cost, % of plan assets
$3.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.6 / 507th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 5th |
| Employee saving | 28th |
| Peers that auto-enroll | 40% |
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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
- Revel Transit put in about $20 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 (1.16% 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.
- 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 | $14,013 |
| Participant (employee) contributions | $788,491 |
| Other contributions (incl. rollovers in) | $255,290 |
| Administrative expenses paid from the plan | $31,158 |
| Contract administrator fees | $31,158 |
| Benefits paid out | $658,011 |
| Net assets, start / end of year | $2.3M / $3.0M |
| Active participants, start / end of year | 1,243 / 127 |
| Participants with account balances | 172 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boris Benic & Associates LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $31,158 reported compensation |
| Northwestern Mutual | $482 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013130000NAL0002012528001, received 2025-10-13, EIN 82-4755768, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.