48forty Solutions, LLC 401(k) Review & Grade
48forty Solutions 401(k) Plan
Houston, TXManufacturing4,928 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$555Employer $ per active participant
$964Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$53.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 24th |
| Employee saving | 2th |
| Peers that auto-enroll | 70% |
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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
- 48forty Solutions put in about $555 per active participant, below the typical peer ($3,452). 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 (0.29% 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 | $2,736,428 |
| Participant (employee) contributions | $4,752,067 |
| Other contributions (incl. rollovers in) | $2,038,716 |
| Administrative expenses paid from the plan | $144,060 |
| Investment advisory & management fees | $13,960 |
| Benefits paid out | $6,714,898 |
| Net assets, start / end of year | $45.4M / $53.8M |
| Active participants, start / end of year | 5,162 / 4,694 |
| Participants with account balances | 1,491 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $130,100 reported compensation |
| Empower Advisory Group, LLC | $13,960 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008161337NAL0006118337001, received 2025-10-08, EIN 59-3593261, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.