The Intersect Group, LLC 401(k) Review & Grade
The Intersect Group, LLC 401(k) Profit Sharing Plan & Trust
Atlanta, GAAdministrative, Support & Staffing Services851 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7Employer $ per active participant
$2,180Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$12.2MNet plan assets, end of year
$20,206Average balance per account
Score breakdown
- Employer generosity5.0 / 5010th percentile for employer $ per participant
- Low cost3.9 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 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 | 10th |
| Lower admin cost | 15th |
| Employee saving | 55th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,448 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Intersect Group put in about $7 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.
- Direct plan expenses (0.64% of assets) are well above similar-size plans (0.23%). 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 | $6,229 |
| Participant (employee) contributions | $1,855,291 |
| Other contributions (incl. rollovers in) | $404,855 |
| Administrative expenses paid from the plan | $75,139 |
| Investment advisory & management fees | $22,000 |
| Benefits paid out | $2,840,938 |
| Net assets, start / end of year | $11.2M / $12.2M |
| Active participants, start / end of year | 932 / 770 |
| Participants with account balances | 604 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter, LLC |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $133,680 reported compensation |
| Adp, Inc. | $53,139 reported compensation |
| Frazier & Deeter | $22,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010060125NAL0004378643001, received 2025-10-10, EIN 20-4063021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.