Rightworks, LLC 401(k) Review & Grade
Rightworks, LLC 401(k) Plan
Nashua, NHInformation644 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,388Employer $ per active participant
$6,704Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$36.8MNet plan assets, end of year
$51,312Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 54th |
| Employee saving | 37th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,391 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rightworks put in about $3,388 per active participant, more than the typical peer ($2,829). 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.
- 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 | $2,180,267 |
| Participant (employee) contributions | $4,314,318 |
| Other contributions (incl. rollovers in) | $1,688,554 |
| Administrative expenses paid from the plan | $67,505 |
| Benefits paid out | $4,909,920 |
| Net assets, start / end of year | $29.3M / $36.8M |
| Active participants, start / end of year | 631 / 656 |
| Participants with account balances | 718 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thorton LLP |
Largest service providers (Schedule C)
| Commonwealth Equity Services, Inc. | $51,925 reported compensation |
| Adp, Inc. | $15,578 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141807NAL0009682114001, received 2025-10-15, EIN 20-5332205, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.