Thomas Lanzetta 401(k) Review & Grade
M P G II L L C 401(k) Profit Sharing Plan & Trust
Holmdel, NJProfessional, Scientific & Technical Services564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,034Employer $ per active participant
$6,436Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$30.6MNet plan assets, end of year
$62,643Average balance per account
Score breakdown
- Employer generosity24.7 / 5049th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 33th |
| Employee saving | 32th |
| Peers that auto-enroll | 48% |
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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
- Thomas Lanzetta put in about $3,034 per active participant, below the typical peer ($3,082). 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 (0.37% 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 | $1,709,600 |
| Participant (employee) contributions | $3,626,658 |
| Other contributions (incl. rollovers in) | $1,252,517 |
| Administrative expenses paid from the plan | $98,285 |
| Contract administrator fees | $32,545 |
| Investment advisory & management fees | $64,880 |
| Benefits paid out | $1,906,343 |
| Net assets, start / end of year | $22.4M / $30.6M |
| Active participants, start / end of year | 501 / 626 |
| Participants with account balances | 489 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Held, Kranzler, Mccosker & Pulice |
Largest service providers (Schedule C)
| Levelized Compensation Advisor | $64,880 reported compensation |
| Paychex, Inc. | $23,805 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010091955NAL0017514034001, received 2025-10-10, EIN 26-3963128, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.