Reworld Projects, LLC 401(k) Review & Grade
Reworld Savings Plan
Morristown, NJUtilities4,173 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,796Employer $ per active participant
$7,970Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$947.7MNet plan assets, end of year
$205,045Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 57th |
| Employee saving | 27th |
| Peers that auto-enroll | 82% |
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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
- Reworld Projects put in about $4,796 per active participant, below the typical peer ($6,490). 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.
- 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 | $20,015,027 |
| Participant (employee) contributions | $33,256,949 |
| Other contributions (incl. rollovers in) | $5,007,661 |
| Administrative expenses paid from the plan | $931,976 |
| Investment advisory & management fees | $305,139 |
| Benefits paid out | $111,985,447 |
| Net assets, start / end of year | $872.3M / $947.7M |
| Active participants, start / end of year | 4,189 / 4,157 |
| Participants with account balances | 4,622 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $334,809 reported compensation |
| Edelman Financial Engines | $249,284 reported compensation |
| Crowe LLC | $69,714 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015080422NAL0004024385001, received 2025-10-15, EIN 13-3213657, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.