Abc Appliance, Inc. 401(k) Review & Grade
Abc Appliance, Inc. Profit Sharing Plan and Trust
Pontiac, MIRetail Trade590 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$613Employer $ per active participant
$3,607Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$69.7MNet plan assets, end of year
$97,848Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 91th |
| Employee saving | 60th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $40,737 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Abc Appliance put in about $613 per active participant, below the typical peer ($743). 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 | $361,940 |
| Participant (employee) contributions | $2,129,686 |
| Other contributions (incl. rollovers in) | $48 |
| Administrative expenses paid from the plan | $24,840 |
| Investment advisory & management fees | $19,388 |
| Benefits paid out | $8,489,166 |
| Net assets, start / end of year | $64.1M / $69.7M |
| Active participants, start / end of year | 562 / 619 |
| Participants with account balances | 712 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, LLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $19,388 reported compensation |
| Fidelity Investments Institutional | $5,452 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006154147NAL0006890016001, received 2025-10-06, EIN 38-1743820, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.