Amcon Distributing Company 401(k) Review & Grade
Amcon Distributing Company Profit Sharing Plan
Omaha, NEWholesale Trade1,173 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,465Employer $ per active participant
$3,061Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$75.8MNet plan assets, end of year
$60,388Average balance per account
Score breakdown
- Employer generosity19.7 / 5039th percentile for employer $ per participant
- Low cost13.4 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 53th |
| Employee saving | 23th |
| Peers that auto-enroll | 53% |
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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
- Amcon Distributing put in about $1,465 per active participant, below the typical peer ($1,792). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,718,780 |
| Participant (employee) contributions | $3,590,053 |
| Other contributions (incl. rollovers in) | $2,845,133 |
| Administrative expenses paid from the plan | $148,380 |
| Contract administrator fees | $148,380 |
| Benefits paid out | $8,674,417 |
| Net assets, start / end of year | $68.3M / $75.8M |
| Active participants, start / end of year | 1,178 / 1,168 |
| Participants with account balances | 1,256 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $148,380 reported compensation |
| MML Insurance Agency LLC | $3,776 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145725NAL0001568593001, received 2025-10-13, EIN 47-0702918, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.