The Doherty Group, Inc. 401(k) Review & Grade
Doherty Group, Inc. 401(k) and Retirement Savings Plan
Allendale, NJAccommodation & Food Services5,809 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$103Employer $ per active participant
$481Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$40.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.0 / 5032th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 20th |
| Employee saving | 34th |
| Peers that auto-enroll | 15% |
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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
- Doherty Group put in about $103 per active participant, below the typical peer ($244). 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 (0.33% of assets) are well above similar-size plans (0.12%). 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 | $599,119 |
| Participant (employee) contributions | $2,795,081 |
| Other contributions (incl. rollovers in) | $1,239,256 |
| Administrative expenses paid from the plan | $130,006 |
| Investment advisory & management fees | $56,351 |
| Benefits paid out | $6,720,771 |
| Net assets, start / end of year | $37.5M / $40.6M |
| Active participants, start / end of year | 4,146 / 7,472 |
| Participants with account balances | 790 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $64,453 reported compensation |
| Onedigital Investment Advisors LLC | $56,351 reported compensation |
| Cohnreznick | $9,202 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818113328NAL0000611459001, received 2025-08-18, EIN 22-3377320, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.