Rockefeller Financial Services, Inc. 401(k) Review & Grade
Rockefeller 401(k) Savings and Retirement Plan
New York, NYFinance & Insurance1,280 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,015Employer $ per active participant
$15,665Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$236.5MNet plan assets, end of year
$149,018Average balance per account
Score breakdown
- Employer generosity46.7 / 5093th percentile for employer $ per participant
- Low cost20.4 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 81th |
| Employee saving | 91th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,907 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rockefeller Financial Services put in about $11,015 per active participant, more than the typical peer ($3,606). 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 | $14,105,004 |
| Participant (employee) contributions | $20,058,928 |
| Other contributions (incl. rollovers in) | $8,475,436 |
| Administrative expenses paid from the plan | $146,782 |
| Investment advisory & management fees | $25,000 |
| Benefits paid out | $15,869,090 |
| Net assets, start / end of year | $181.4M / $236.5M |
| Active participants, start / end of year | 1,211 / 1,350 |
| Participants with account balances | 1,587 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $100,529 reported compensation |
| Crowe LLP | $29,843 reported compensation |
| Sageview Advisory Group LLC | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013063630NAL0000740097001, received 2025-10-13, EIN 13-3006574, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.