Anchor Qea, Inc. 401(k) Review & Grade
Anchor Qea 401(k) Plan
Seattle, WAProfessional, Scientific & Technical Services511 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,314Employer $ per active participant
$10,144Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$110.0MNet plan assets, end of year
$176,814Average balance per account
Score breakdown
- Employer generosity27.1 / 5054th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 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 | 54th |
| Lower admin cost | 52th |
| Employee saving | 60th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,470 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Anchor Qea put in about $3,314 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,693,639 |
| Participant (employee) contributions | $5,183,495 |
| Other contributions (incl. rollovers in) | $968,572 |
| Administrative expenses paid from the plan | $215,948 |
| Contract administrator fees | $97,130 |
| Investment advisory & management fees | $100,000 |
| Benefits paid out | $6,868,477 |
| Net assets, start / end of year | $94.5M / $110.0M |
| Active participants, start / end of year | 497 / 525 |
| Participants with account balances | 622 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Nuber P.S. |
Largest service providers (Schedule C)
| Bensler LLC | $100,000 reported compensation |
| Flex-Plan Retirement Services | $18,818 reported compensation |
| Clark Nuber P.S. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926120107NAL0004000531001, received 2025-09-26, EIN 91-1851322, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.