The Day & Zimmermann Group, Inc. 401(k) Review & Grade
Day & Zimmermann 401(k) Plan for Contract Employees
Philadelphia, PAAdministrative, Support & Staffing Services1,940 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$787Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$12.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 48th |
| Employee saving | 26th |
| Peers that auto-enroll | 27% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $1,928 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Day & Zimmermann Group put in about $0 per active participant, below the typical peer ($712). 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 | $365 |
| Participant (employee) contributions | $1,526,992 |
| Other contributions (incl. rollovers in) | $89,848 |
| Administrative expenses paid from the plan | $29,433 |
| Other admin expenses | $1,423 |
| Benefits paid out | $2,952,954 |
| Net assets, start / end of year | $12.3M / $12.2M |
| Active participants, start / end of year | 1,827 / 2,054 |
| Participants with account balances | 299 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fischer Cunnane and Associates LTD |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $4,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251004154556NAL0002084625001, received 2025-10-04, EIN 23-3024522, plan #015, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.