Ancon Marine, Inc. 401(k) Review & Grade
Ancon Marine, Inc. 401(k) Plan
Los Alamitos, CATransportation & Warehousing560 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$737Employer $ per active participant
$3,072Employee $ saved per active participant
0.93%Direct admin cost, % of plan assets
$15.9MNet plan assets, end of year
$56,280Average balance per account
Score breakdown
- Employer generosity19.3 / 5039th percentile for employer $ per participant
- Low cost1.9 / 257th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 7th |
| Employee saving | 50th |
| Peers that auto-enroll | 37% |
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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 ($81,349 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
- Ancon Marine put in about $737 per active participant, below the typical peer ($1,070). 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 (0.93% 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.
- 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 | $412,838 |
| Participant (employee) contributions | $1,722,075 |
| Other contributions (incl. rollovers in) | $263,809 |
| Administrative expenses paid from the plan | $133,952 |
| Investment advisory & management fees | $133,952 |
| Benefits paid out | $648,089 |
| Net assets, start / end of year | $12.8M / $15.9M |
| Active participants, start / end of year | 559 / 562 |
| Participants with account balances | 283 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| John Hancock | $66,915 reported compensation |
| Global Retirement Partners | $44,773 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002183400NAL0000497667001, received 2025-10-02, EIN 33-0392593, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.